RELIANCE INDUSTRIES | BUY OPPORTUNITY |NSE IndiaFriends, please support this idea with LIKE if you find it useful.
I'm seeing a buy opportunity here. Use the pullback to get in.
Reason:
- Price hit a support
- sellers were struggling to push the price down.
- Weak resistance to the upside.
Disclaimer!
This post does not provide financial advice. It is for educational purposes only! You can use the information from the post to make your own trading plan for the market. But you must do your own research and use it as the priority. Trading is risky, and it is not suitable for everyone. Only you can be responsible for your trading.
Relianceindustries
Reliance closed above 23.60% Fibonacci retrenchment level We can say, the reliance has sustain the movement which it received yesterday. "When reliance runs, it make sure nifty will run too"
It is closed above 23.60% retrenchment level and has got historical support as well, mark with green trend line.
next resistance will be at 1155-1168 level.
make short purchase at CMP, if market dynamic changes, it goes dip again buy it.
"sooner or later it will go up"
RELIANCE - Possible Outlook 2020On request charting for a friend. Feels like the COVID Virus would go well will the last impulsive push down to the green buy zone, followed by impulsive move upwards and beyond.
If you are new to my feed, please like and follow if you find value in this idea. I am a budding FOREX trader in the USA, and categorize myself as a midterm and long term swing Trader.
Not financial advice. Enjoy the trade. Thanks a ton friends for your support. Loving the community here so far.
Cheers