RELIANCE INDS HDFCBank ICICIBank INFY LevelsRELIANCE INDS HDFCBank ICICIBank INFY Levels
If __ trading above __ levels, & we can plan for longs
If __ trading below __ levels, & we can plan for shorts
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RELIANCE
Phoenix085-Analysis RILThe crucial SnR's are marked on the chart...
As per my analysis and the way price has reacted recently...
I feel there's a certain uneasiness in RIL stock which if supported by the Nifty, would definitely come crashing down to the 2450 or even 2400 levels...
These are just my analysis and not recommendations... Cos if i am not getting a penny from your profits would not be right to hold me accountable for your losses...
RELIANCENSE:RELIANCE
One can wait for Retest or enter now , with SL below the Candle Low.
Note :
1.One Can Go long with a Strict SL below the Trendline or Swing Low of Daily Candle.
2. Close, should be good and Clean.
3. R:R ratio should be 1 :2 minimum
4. Plan as per your RISK appetite
Disclaimer : You are responsible for your Profits and loss, Shared for Educational purpose!
#Reliance Weekly major support & resistance levels.Here providing Weekly Support and Resistance levels for next coming week based on Central Pivot Range and its major support & resistance levels of week, where price can take support and face resistance. Three black lines indicating weekly Central Pivot Range. Previous week high & low also performs as a major support and resistance levels. Can take long & short positions according to how price perfoms at particular support & resistance levels.
RELIANCE falling wedge patternWhat we can see in the chart is a falling wedge pattern. Currently the price is inside the pattern. We are expecting the price to get rejected at the upper boundary of the wedge and come back down to retest the support. After that we are expecting the pump and the break out to the upside.
MACD has a bullish crossover which is positive sign for bulls.
The target and the stop loss are shown in the chart. Enter the trade only when/if the price breaks out with the volume surge.