RELIANCE
Reliance Industries making new highsReliance Industries, like the NIFTY looks to soar higher.
In order to create a strategy for my friends who currently hold this stock in their portfolio or are looking at buying fresh, here is a quick guide for various support/ resistance levels marked with various years they have been found very useful acting as a point of support/ resistance
While my analysis runs down right from the time the stock is listed, some of thay cant be made visible given the constraint of space and presentation
Do note some lines end up being very useful as they are a constant testing zone.
Point to remember, the more the line is tested as resistance or support levels in the past, more the significance of the breakout and price action thereof and needs to be checked with near term confirmation parameters to confirm the breakout
Currently, Reliance industries is an uptrend and is continuously forming higher highs and higher lows…I will do a detailed analysis on this stock on a later chart with weekly/ monthly charts to have a more hands on look at price movement
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Nifty 50 Intraday Trade setup before the expiry 22 JanuaryIn this chart you can see that I only give Buy signal only because on the chart I didn't seen any short signal . There is 2 levels to open a long. You guys need to wait for support level which is good to build a long position in Intraday or wait to breakout the yesterday High,
HDFC - INTRADAY IDEA FOR 4 NOVEMBER 2019My Intraday Idea for One of the most weightage stock from Nifty 50 Index. HDFC is Trading in a channel since a week.
RelianceReliance gave spinning top at 52 week high, so its indicating of small retracement or downside.
For intraday trade we were waiting for the zone or confirmation to enter the trade.
Today it covered half of the spinning top candle and then gave pinbar.
moving average retracement indication.
inverted flag pattern.
we entered at flag breakdown + MA crossover-1417
sl at half of pinbar-1423
target at previous low. -1407
Made low of 1383