RNAVAL Look for buyHi Guys, Very nice setup forming its a expanding flat. look for entry upto the break of mentioned resistance level it might come back or continue to go up break the bigger mentioned high.
RELIANCE
RELIANCE - Bullish view on relianceThe stock has crested a good base at the level range of 2240 levels.
As you can see the stock has taken support around this area and moved upwards.
It reached a high of 2751 levels before crumbling to huge selling pressures.
The stock is trying to make its way back to the top.
I have presented my views on the chart with levels that can help you take your trades.
Thanks & Regards,
If you feel you can make use of my views and put them to good use, request you to kindly revert with feedback/suggestion/improvement
Reliance Stock option Trade opportunity 2500CE 2600CEReliance Stock just took support from the TRENDLINE. From here there is a high possibilities that it can go up. If we look at the option prices, February 2500CE is trading at 14.5 and 2500 is just 5% from current trading price. Now if we look at March 2500CE its trading at a price of 46.
WHAT WE CAN DO
ADD -2LOT February 2500CE@ 14.5 (3625)
1LOT March 2500CE@ 44 (11000)
So the total investment would be 3625+11000= 14625.
In case if Reliance do not give 5% upside momentum by FEBRUARY then by MARCH there will a high probability that it will give up side momentum and if it give upside momentum then our MARCH 2500CE will outperform which will cover the loss of FEBRUYARY 2500CE.
Reliance Swing Trade opportunity Reliance is currently trading at 2384 as of February 9. If you look at the above chart you can see that RELIANCE just took SUPPORT from the TRENDLINE. Reliance can go up till the blue color TRENDLINE and can consolidate there for 2 to 3 days and from there it can give a breakout. If it breaks the blue Trendline then from there it will give a good up side momentum nothing but at least 10%.
NOTE-
Entry- 2350-2425
Stoploss- 2250
1st Target- 2570
2nd Target- 2700
Will keep updating the results.
KEEP FOLLOWING
RELIANCE LONGReliance will try for the third time to break the above trendline.
Good R:R from this point but a little bit risky as well.
Trade safe. Manage risk. Be profitable.
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Disclaimer :- This is just my view. Please analyze charts yourself and then decide to take any trades.
RELIANCE INDUSTRIES Bullish Or bearish ??1. RIL is forming a Bullish triagular pattern and will breakup .
2. Lower level is 2361 and higher is as indicated and may baounce back to base before moving up
3. by apruil may breakout from the pattern till than keep accumulating at lower levels as SIP
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LIKE IF You AGREE
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RIIL - Bullish flag pattern formedReliance Industrial Infrastructure Ltd
Sector: Infrastructure Developers & Operators
Industry: Engineering - Turnkey Services
Market Capitalization(Rs. Cr.): 1472.65
52 Week High: 1032.60
52 Week Low: 347
Stock P/E: 182.48
Sector P/E: 25.62
Debt/Equity: 0.00
Net profit June quarter(Rs. Cr.): 1.79
Net profit September quarter(Rs. Cr.): 1.94
Net profit December quarter(Rs. Cr.): awaited 20 January 2022
Net profit April 2020-March 2021(Rs. Cr.): 7.70
Net profit April 2021-Till date(Rs. Cr.): 8.07
With results around the corner a good stock to watch out for.
Read chart carefully to understand the trade
R1 1001
R2 1028
R3 1052
S1 951
S2 926
S3 900
Hope this helps.......
Your feedback is highly appreciated.
Nifty, Banknifty and top stocks analysis for tomorrow + levelsBudget over rally over? We saw Nifty closing almost exactly at the budget day's closing price, possibly owing to a resumption of FII selling. Where do you think we could be headed? Do you foresee a deeper correction? IT especially looking a little weak.