LONG RIGD (Reliance Industries)Expecting bounce from extremely oversold weekly and daily levels. If stop breached, be prepared to catch new daily reversal on lower levels with a tight stop.
Relianceindustries
Reliance Target +2100RSI At the lowest level you can see on the chart and according to my experience I can say 2100 price will hit very soon...So invest and hold for a few days...Best of luck.
Reliance Industries - Down Fall on 2nd Nov 2020 Reliance Industries - Down Fall on 2nd Nov 2020
Reliance has been down on 2nd Nov and looks as per technical chart - it can find support at 1800 Level - which can be a good Entry Point as well
RELIANCE LONGGO LONG IN RELIANCE INDUSTRIES LTD.
WAVE 4 IS COMPLETED CONSIDERING A=C NEAR 2106. IF IT GIVES FURTHER CORRECTION MAY TOUCH TO 1982 WHICH IS 1.618 OF WAVE A. BUT IT SEEMS UNLIKELY AS WE CAN CLEARLY SEE 5 WAVES DOWN IN LEG C OF ABC CORRECTION IN WAVE 4. PROJECTION OF WAVE 5 IS AROUND 3048
Possibilities ready for buy at every deep.NSE:RELIANCE
Possibilities ready for buy at every deep.
Investment Pick.
Disclaimer: I am not a SEBI register person please contact your financial advisor for advice
Reliance getting ready to zoomA good volume is there in the cash segment of reliance.
On the technical side - RSI is showing good support to this volume.
1980-2000 is good support. Reliance is weak only below 1980 on a closing basis only.
It is a good point to go long with stop loss below support.
Reliance can go up todayReliance formed a double top pattern in daily basis, as well it is in demand zone now, buy it above 2285 and sell it below 2260
Reliance Industries - Is it the peak? Will I get stuck on top?"Market Structure"
Investors won't get stuck from medium to long term perspective even if they enter RIL from here.
There could be a small correction in short to very short term but that should be seen as an opportunity to enter in.
Reliance- Some more consolidation expected around 2210-2250Reliance has been taking support from the long term trend line as depicted in the chart. Short term trend has formed a Head and shoulders pattern which indicates reversal of uptrend. If support is strong then expect the price to hover around 2210-2250 for a few sessions. Long-only above 2280.
RELIANCE update 1 ON 26.09.2020Hi Friends,
I got the request from one of my follower to give the update on Reliance, So here it is.
RELIANCE gave Huge run, So far it is good. But now it is the decision time.
you might have these questions in your mind.
Shall I enter at this price?
Shall I book profit?
Shall I accumulate the stock?
Resistance area for Reliance is 2244 - 2266 (it is 2-3% away from cmp), once it brake the resistance it will give huge brakeout. So for any fresh buying waiting to cross the resistance area is advisable.
For short sellers (very few, but any) keep stoploss of 2267. (REMEMBER PROFESSIONALS ENTER THE TRADE WITH STOPLOSS IN MIND, but armatures like me :P , enter the trade with profit in mind. )
For profit booking it is your choice........
Your Humble trader,
KIRAN
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Reliance Industries likely to fall Trading the chart with indicators, trendlines, breakouts, even the candlestick analysis are not enough to follow the order flow. For that one need an edge. Just follow the big money , follow the order flow. Happy trading
RELIANCE INDUSTRIEScurrently reliance is trading at rs 2315...and my analysis says that it will fall down because according to RSI it was in overbought condition ..and that's why it is falling today ...and also according to SHOCKASTIC technical analysis it is also saying that it will go down because blue crosses the orange line or blue line is below orange line
and i also analysed through candle sticks it is also telling the same ...as you can see there is a doji candle sticks ..it maens that the market will get reversed
Reliance Industries Bullish Flag formationBullish Flag forming in RIL. Can buy near the base of the near 2275.
Buy Reliance Above 2205 Target - 2235 / 2250 / 2300Buy Above 2205
Target - 2235 / 2250 / 2300
Stoploss - 2140
We are not SEBI registered
RELIANCE TECHNICAL ANALYSIS FOR INTRADAY AND UPCOMING WEEKRELIANCE TECHNICAL ANALYSIS FOR INTRADAY AND UPCOMING WEEK
Reliance Industries - Deep CrabReliance Industries formed Deep Crab Pattern on Daily chart.
Those whose missed the bus, do not hurry to buy the stock at the current price , considering the resistance suggested by the pattern.
Let the stock settle for some time , will update buy levels , when gets some hints from price action.
RELIANCE - BREAKOUT Hello Everyone! Reliance is forming flag pattern and simultaneously forming bullish pennant . So above 2200 you can go long and can expect 10% return . Stoploss -2150
Thankyou and plz share your views
