Reliance 5% Down possible from 2373 it will come around 2250 if break out below 2250 expect more negative
1. making lower low lower high 2. Negative Divergance in RSI 3. Trading belwo breakout level 4. now at important support once this fail and swing low broke can go down
NSE:RELIANCE is about to see major fall in the coming days with price likely to fall as low as 1810 . The Moving Average 50 has just crossed over the Moving Average 20. Past performance shows this results in price falling to around 2-3%. Moreover the Moving Average 200 is closing gap with MA50 and MA20 and if crosses above them, the stock can see an even greater...
Reliance industries price is squeezing and forming a Triangle Continuation Pattern, wait for breakout!
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Hello Everyone! I am expecting more downside from reliance . And key levels to watch is 1800 -1600. Once it breaks trendline , can give more downside move . SO stay cautious and be ready to accumulate
Hi Friends, Reliance had a very good bull run, but this mov(i)e seems to be over. So, my view is, if Reliance can not able to close above 2170 level on daily closing basis, then its bull run is finished. If you want to go short keep stoploss of 2170 level. Your humble...
A classical H&S pattern. A good retest and then... RELIANCE is weak as long as below 1414 Spot 1408.90 TGT 1290 Do like, share and subscribe us! Keep learning!
Reliance Industries formed key reversal candle on its weekly chart confirming previous resistance @1600 levels. Negative Divergence at 60 levels is clearly visible on the chart. So coming any move below 1400 levels can take stock to 1200 to 1150 levels.
Go short in Reliance at current market price with the target and stop loss as mentioned on the chart.
Important Monthly Support Broken. Looking Beautiful to Short I will enter Short at Blue box as shown in chart. Entry and Stop Loss as shown in chart.
Reliance in a strong downtrend. Presents a good short opportunity for Target of Rs 995-955 Range.