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RELIANCE

RELIANCE INFRASTRUCTURE | AnalysisAs Many of you know that INDIAN Budget 2021 is focused on infrastructure and It is pretty much possible that the stocks related to it will jump. So, Here is our analysis of RELINFRA, But Let us first talk about this company --> Reliance Infrastructure Limited, formerly Reliance Energy Limited and Bombay Suburban Electric Supply, is an Indian private sector enterprise involved in power generation, infrastructure, construction, and defense. It is part of the Reliance Anil Dhirubhai Ambani Group. Parent organization: Reliance Group. Revenue: 20,972 crores INR (US$2.9 billion, 2020) Now, Should we buy it or short sell it? Let's find out. According to our analysis --> We have Ascending Triangle Ranges in Both Daily and Hourly Chart. Secondly, we know that Trend may continue because this Triangle Range is a continuation Range. RSI is rising which indicates the buyers have momentum. But, We should wait for the breakout, and accordingly we can put the trades. So, Let's wait for the breakout......... Follow @alphadecodetrade
NSE:RELINFRA
by alphadecodetrade
2
RELIANCE to break support, steep fall in the coming days NSE:RELIANCE is about to see major fall in the coming days with price likely to fall as low as 1810 . The Moving Average 50 has just crossed over the Moving Average 20. Past performance shows this results in price falling to around 2-3%. Moreover the Moving Average 200 is closing gap with MA50 and MA20 and if crosses above them, the stock can see an even greater fall going below 1800. Furthermore past few days show huge bearish body candles showing a downtrend. Only positive news (Global or Company related) can take the price up.
NSE:RELIANCEShort
by stonksksk
Reliance EW Wave countsWave 4 Correction is place on larger degree WAVE 4 is showinng WXY correction with X Wave faked out around 2100 and then Y leg started. We will get the confirmation of wave 5 impuse only when it breaks 2100 and closes above it. At that time the target is 2400 and 2550-2600 for Wave 5 Impulse leg. On the down side, if Y leg is extended a bit, it may spend some time here in the timewise correction. I started to think now that we may not see much price wise correction now. We can take the delivery now and keeps on adding till 1700-1650 range for F&O, we can buy when 2100 is broke cleanly and it closes above that.
NSE:RELIANCELong
by Kru-KB