Reliance Sideways to bullish
1497 likely target in 3-4 trading sessions CMP 1464.20
Below 1440 target of 1408 not ruled out
RELIANCE
RELIANCE CLEAR CUT 1290 TGTA classical H&S pattern.
A good retest and then...
RELIANCE is weak as long as below 1414
Spot 1408.90
TGT 1290
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Reliance - Time for correction and retracement?Poor results, negative sentiments in the market, might lead Reliance to fill the gap and retest 1250 levels.
RELIANCE - 1350-1320 Re-test before we head higher?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 previous swing low and an important 0.618 fib level.
The previous two trading session saw a small upside but they were not supported by volume (as see in the chart). I would like to see increase in green volume if we are to break to new all time highs for Reliance.
Reliance is a fundamentally strong stock so for long term, we can be bullish.
Daily RSI
Reliance - 54 - Neutral
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RELIANCE - GO SHORT FOR A TARGET OF SUB- 1400 ON 26 MAY 2020RELIANCE - GO SHORT @ CMP WITH A SL OF 1462 AND A TARGET OF 1391. TARGET SHOULD BE ACHIEVED BY 26 MAY 2020
RELIANCE WAIT FOR BREAKOUT, NEW VALUE SHIFTING IS AHEAD !keep watch on reliance or set alarm on chart ,when up side or downside breakout will come ,
take position for short term.
above drawing is verified as value area by me time to time.
and i personally took trade and earn from trend .
if you like and find value from above chart kindly like and follw.
Reliance Industries Trading Setupprice 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 any confirmation and than enter the Trade
RELIANCE - INTRADAY TRADERELIANCE - INTRADAY TRADE
Based on simple trend structure + Candlestick pattern + RSI RANGE SHIFT
Positional Reliance looks a good buy above 1445Positional buy - Reliance with target of 1550 and more SL 1370
INTRADAY ANALYSIS FOR RELIANCE MONDAY 18TH MAY 2020IT IS ABOUT THE TREND ANALYSIS OF RELIANCE FOR INTRADAY TRADE.
RELIANCE - GO LONG FOR A NEW HIGHRELIANCE - GO LONG WITH A SL OF 1412 AND A TARGET 1 OF 1496 AND A TARGET 2 OF 1528. IF TARGET 1 IS ACHIEVED BY 18 MAY, REMAIN IN POSITION FOR A NEW HIGH BY 22 MAY 2020
TCS Short at 1900 ST 1970We are doing Analysis of TCS on 1 Hour Timeframe.
The projected target from the breakout is usually the vertical distance from the high to the bottom .
Note: This is only for Educational Purpose this is not an Investment advice.
Please support the setup with your likes, comments and by following on Trading View.
Thankyou
Ankur Verma
Twitter : Ankurverma3838
DABUR BUY at 444 with ST 438.5We are doing Analysis of DABUR on 1 Hour Timeframe.
The projected target from the breakout is usually the vertical distance from the low to the upper .
Note: This is only for Educational Purpose this is not an Investment advice.
Please support the setup with your likes, comments and by following on Trading View.
Thankyou
Ankur Verma
Twitter : Ankurverma3838
Nifty50 very uncertainI think Nifty50 had bottomed and we might soon see reversal.
Fib Ret level 0.382 @ 7803.47 already tested if broken we might find support at 0.5 @ 6367.41 and I thank that's the lowest point NIFTY50 can go I don't see it breaking that level, so I think we are near the bottom and might soon see pullback to resistance level 0.236 @ 9580.28 good luck
Reliance IndustriesHello friends, how are you doing today?
You can Long reliance: 1490-1480 with stop loss 1450
for likely toward the target of 1550: 1620
Our last month analysis rocks
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1600 can be a point of reversalReliance has breaking highs 1500 was a good resistance breakout due to heavy volumes. 1600 is the range to watch, divergence might kick-in and selling here will create good selling pressure downwards.
Reliance Industries Limited (RIL) Stock AnalysisReliance is one of the biggest company being part of the NIFTY 50.
Technical Analysis suggests to wait before buying as the prices might still go down a little bit more before buying
Reliance Industries Limited (RIL) is a conglomerate company. Reliance Industries operates through multiple sectors, primarily refining, petrochemicals, oil and gas-related operations, but also energy, textiles, natural resources, retail, and telecommunications.
RELIANCE - GO SHORT FOR A TREMENDOUS RR RELIANCE - GO SHORT @ CMP WITH A SL OF 1594 AND A TARGET1 OF 1445 AND A TARGET 2 OF 1322
