RELIANCE
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
what a up move, in this kind of market 👏are are at very important level.
71.76% is up from the low. cow companies moving like this is incredible.
SHORT RELIANCE Seems seller will take charge for reliance tomorrow and will hit the price of 1370 before up movement. Lets wait ans see market behave.
RELIANCE SHORTReliance was unable to break an important psychological level of 1500 twice, we have immediate support at 1460 which is 0.786 retracement and failing to sustain it can create shorting opportunities.
[ Reliance Industries LTD ] what's next?The top has formed and the next level I'm eyeing to load my bags is at the mentioned buy region. I'm looking forward for a Inverse H&S to play out. I'll see what happens and update accordingly.
-Kautilya.K
Reliance Face Resistance Around 1328Reliance Face Resistance Around 1328 61.8% Retrecement level. if Cross and close above 1350 level you can see 1450 levels.
Thanks
Gunjan Chokshi
Investallign
@ !!!-_-!!! Reliance Trend - Coming Soon These are my views for the coming days for Reliance...
The market looks strong with an upward bias mostly but i see some profit booking to pull Reliance to recent support levels...
Nifty Intraday Trade Setup for 17th AprilGood Morning everyone,
Yesterday we have seen a slow and steady up move but nifty failed to break and sustain above 9060 . This was an Important level for today setup but SGX nifty is up more then 200 points in this Morning. We are going to see a gap up today for sure.
Global Market Impact
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A- DOW is steady and has no clear move. Neither upside nor downside.
B- SGX Nifty is Up more than 200+ Point.
C- Gap Up expected in Our Nifty
Let's see how our Market Reacts today on the above Scenario.
Nifty key Resistance area is 9260 and this is an important level.
Trade setup for 16th April
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Buy Nifty above 9430
Stop loss : 9250
Target : Open
Sell Position is tricky as 2 levels come in sell side .
1- If you see a gap up and Nifty test 9250 level again then you can setup a short position there with tight sl ( 50 points). target is huge in downside.
2 - Second Position is sell lower than 8800 ..
RELIANCE - GO SHORT FOR A RR OF 1:4 ON 13 APRIL - CONDITIONALRELIANCE - GO SHORT @ CMP WITH A SL OF 1264.4 AND A TARGET OF 1064. THERE IS A HIGH PROBABILITY THAT THIS TARGET WILL BE ACHIEVED, HOWEVER, FOR THE TARGET TO BE ACHIEVED ON MONDAY, I.E. 13 APRIL, FOLLOWING SHOULD BE SATISFIED
1. THE OPEN SHOULD BE BELOW 1205 OR
2. IF THE OPEN IS ABOVE 1205, THE DURATION TAKEN FOR THE MOVE FROM 1205 TO THE HIGH (1224.9 OR THE DAY'S HIGH ON 13 APRIL) SHOULD BE GREATER THAN THE DURATION REQUIRED TO BREACH 1205
Reliance industries Reliance industries is in uptrend and touching the resistance level,
It can go down to touch the fibonacci golden zone to continue the trend.
RELIANCE - GO SHORT FOR A TREMENDIOUS RRRELIANCE - GO SHORT @ CMP WITH A SL OF 1222 AND A TARGET OF 1060.
SPOT:HOLD RIL Support/SL Level @ 1030, Target 1100, & 1150RIL taking Support around Level @ 1030, Can be hold for Target 1100, & 1150
RELIANCE - GO LONG FOR A RR OF 1:7RELIANCE - GO LONG @ 1064 WITH A SL OF 1044 AND A TARGET OF 1194. TARGET SHOULD BE ACHIEVED BY 9 APRIL 2020
