Relianceindustries
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
HDFC INTRADAY TRADE SETUP FOR 19 SEPTEMBERHere is my trade setup for HDFC for Expiry day 19th September 2019
In market there are no coincidences & insider trading is rampantReliance Chronology of Insider Trading
August 07, 2019 Wednesday: On it made its low and closed around 1110,
August 08, 2019 Thursday: Reliance Gains 4% (13M vol) ~1500Cr @ median price of day
August 09, 2019 Friday: Reliance Gains ~1% (10M vol) ~1100Cr @ median price of day
August 10, 2019 Saturday: Market Remain Closed
August 11, 2019 Sunday: Market Remain Closed
August 12, 2019, Monday (Bakarid Holiday): RIL Annual General Meeting was held | Market Remain Closed Bakarid Holiday
www.timesnownews.com
Highlights of AGM can be seen at
Reliance AGM 2019 Key Announcements | The Quint
www.youtube.com
www.financialexpress.com
August 13, 2019 Tuesday: Markets open with a gap of 6% and the stock gains ~10% in a day (47Millon volume in a day) total ~70M Volume in 3 trading days making it about
8,400cr Buying volume.
August 14, 2019 Wednesday : ~1.5% Down with same (13-14M vol) ~1800Cr @1294 median price of day
August 15, 2019 Thursday: National Holiday
August 16, 2019 Friday: ~1.5% Down with same (10M vol) ~1280Cr @1285 median price of day
So who ever had the insider information gained about ~500cr in 4 trading days or a week
August 17, 2019 Saturday: Market Remain Closed
August 18, 2019 Sunday: Market Remain Closed
== Media Hears the News ===
Aug 19, 2019 | Source: PTI
RIL shares have gained ground since the announcement of a host of investor-friendly proposals at its annual general meeting held early last week.
www.moneycontrol.com
I am starting to believe that in market there are no coincidences & insider trading is rampant
Well i can be wrong who am i a nobody.
Reliance Industries - Unless closed above 1350 trends seems weakReliance industries announced that deal with Aramco is for USD 75 bn but Saudi Aramco said it is only letter of intent. Still long way to go...Some of the past events / news showing that reliance is desperate to reduce debt so trying for stake sale.
GDR has given thumps up to AGM and closed 6% from previous closing price. But stock trend has broken which is confirmed by OBV. Unless stock closes above 1350 stocks trends seems to be weak....