REALIANCERELIANCE IS THE MAJOR SHARE,HANGING HIGH, WAIT FOR OPEN& ENTER THE TRADE,
FORCAST BY NCMARKETS
Relianceindustries
just another way of viewing reliancefor this stock, i'm receiving mixed review, many people are saying it's speculative move, soon price will fall like a shot. many people are convinced with this move, coz of debt relaxation.
Reliance industries 148% Return in 4 month.
From march24 2020 to till a date if you observe stock you can see upper and upper rally ,
after Facebook invest @1000 level 9%
its take speed to high
and recent jiomart is making business like earlier JIO mobile DATA plan
SO BE READY TO SAW NEW CHANGES IN MARKET.
THANK YOU FOR YOUR SUPPORT FOR MORE UPDATE FOLLOW AND Like IF you are new to market and wish to learn more you can contact me 7276209528
If you open account from below link you will get my Personalis support for learning and trading.
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This idea published is purely intended for educational and informative purposes, I urge traders to make their own trading decisions based on their specific trading objectives and financial position.
Reliance Industries View for 20/07/20After a rocky ride post the 43rd AGM of NSE:RELIANCE , we witnessed a very sharp partial recovery. If previous levels are accepted, then RIL could be a good long cadidate as long as the 1880 support level is held.
(not a recommendation; for educational purposes only)
be cautious, no one know what will happen next. after 20 march 2020, it's given 150%. it's a great stock for day traders.
RELIANCE - GO SHORT WITH A RR OF 1:40RELIANCE - GO SHORT @ CMP WITH A SL OF 1920 AND A TARGET OF 1600. TARGET SHOULD BE ACHIEVED BY 10 AUGUST
Is Reliance forming parabolic pattern for a good upward trend ?Based on this Chart Reliance is forming a parabolic pattern for a good upward trend, what do you think ? Let's find out in October 2020!!
RELIANCE - RISING WEDGE FORMATIONHello Everyone ! Reliance is forming rising wedge and there is tighter consolidation b/w higher highs . Be cautious , it is sign of reversal . But it can also give breakout if it sustains
TARGET -1900-2000 level
if trend reverse , support at 1700-1750 level
RELIANCE INDUSTRY - bounce back from support - Next level#Reliance is moving under Bullish channel and Very Bullish on Daily/Weekly/Monthly chart. it was falling since two day and after yesterday announcement about subscription amount Rs 43,574 crore from Jaadhu Holdings in Jio platform , stocl took support over trendline and moved UP and touched previous day High and closed below.
Showing Bullish in all Technical Parameter:
CCI in overbought zone
RSI is treading UP
Stoch is treading down from overbought zone
Aggressive New Long position
Stock Outperforming from Benchmark and sectrol index on 1 week and 3 month both
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Support : 1732 (A good level for buying)
Breakdown : 1800
CMP : 1826.75
Breakout : 1840
Short Target : 1874 and 1900
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Positive & Negative Point:
1) Very Bullish in Daily/weekly/Monthly chart.
2) Treading in overbought zone
3) Debt free in two month.
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(Disclaimer: This is only for educational purpose.)
already price is at ATH, so wait for breakout!reliance is now debt free, that's is the reason for this rocket move, so price is already so high so wait for more confirmations, ike breakout, volume etc
reliance industries ltd.ril making higher highs, now 52 on week high, after resisting from 1865 the price made a strong support at 1800, our new targets are shown in the chart, wait for breakout retest.
Reliance Looking Very Good Ahead of AGM - 1850 Levels Possible1. There was lot of accumulation happened in the zone of 1710-1720
2. After that base shifted towards 1735-1740
3. In last week, Reliance played important role to push Nifty higher. So when nifty will consolidate, Reliance too.
4. On Intel's investment it is trading at 1800 levels.
But I still believe this not good zone to enter. In order to touch 1850, it has to make base on 1760-1780. So I will wait for the 1760-1765 levels. This is very good entry point. We may expect this zone in upcoming 2-3 trading sessions. 1750 levels are good to watch because it may falls to 1735 level if it breaks 1750 in intra day. Then it will be a very very good opportunity to swing trade
I am looking at target of 1840-1850 till Reliance AGM which is on 15th July. This is completely event specific trade.
long term chart!reliance is a at ATH, now stock is consolidating, if good volume came then it may give breakkout, if volume missing then chances are price will come down.
reliance industries ltd. making bullish tringlereliance is in very clean bullish triangle pattern wait for breakout
#Reliance.... All trading levels u need to know.....
CMP (Last Close) : 1741.65
Totally in uptrend...
Every downfall towards 1717 bounce back zone for targets 1759 / 1788 / 1805 /1846 +.
Brakout below 1702 targets of 1692 / 1684 not ruled out......
this is an update to teh idea alreay publised below...
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chart looking good, wait for the clear direction.reliance is already at ATH. on bigger time frame, price consolidating, if you are able to catch breakout, you can make good bucks.
