Opening above 1600 can take stock to 1650 levels. Opening below 1570 can take stock to 1540-1530 levels. Flat opening can make stock trade sideways in between 1600- 1570 levels.
price in ascending triangle ready to break above wait for market to open and than we will take trade at retest if resistance isn't break than it can touch the support again.
Every rise to 1546 - 1550 will face resisrance support near 1530 / 1522
Reliance has good support near 1540 levels and and there is a probability of shark pattern , whose support levels also aligned with price support@1540 Hence , i am expecting stock would most likely bounce from there and retest its recent highs around 1600 levels. So its a temporary long trade Trade type - Risky - only for pro traders I am bullish on the stock...
RELIANCE - ALT BAT - new rally only above 1630 Reliance hourly chart has probability of altbat pattern and currently its trading near its prz zone i.e 1620-1630 High Volume Spinning candle near prz is again a warning that cannot be ignored. This alt bat pattern is also aligned with reliance previous resistance at 1590-1600 levels. Short below 1575 Long above...
NSE:RELIANCE Reliance has been moving down with mostly red candles at daily since it's all time high. Currently, it is at 0.786 region of fib and if it starts to head higher from there, that can be very bullish but such an event is quite less probable. Chances are that it may want to come and retest 1350-1300 region (if 1400 breaks) which coincides with a...
price holding the Trend line support really well and Try to make above with good partnership coming which is possible . But from Technical Side stock need some rest and healthy retracement for price to move upward side . Breaking this support will send Reliance price to new level around 1300 and holding above will send the price to 1550 Price zone. Waiting for...
RELIANCE - INTRADAY TRADE Based on simple trend structure + Candlestick pattern + RSI RANGE SHIFT
today's move driven by investment news! let's see next!
Reliance Industries formed key reversal candle on its weekly chart confirming previous resistance @1600 levels. Negative Divergence at 60 levels is clearly visible on the chart. So coming any move below 1400 levels can take stock to 1200 to 1150 levels.
I am not sure sure how the trend is going to proceed, please share your views regarding this.
Anyone like to share their views on this chart ?? What do you think reliance gonna do now ?? Is it gonna go up Or go down or trade sideways. Write down your observation in the comment section below.
Reliance is near all times high, recent rally gets quite extended. 1600 would serve as good resistance in the short term. Stock can be accumulated if we see any dip, support for stocks lies at 1445 - 1455.
are are at very important level. 71.76% is up from the low. cow companies moving like this is incredible.
Reliance Industries Share Technical Analysis
Reliance is currently running good trend line