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RELIANCE INFRASTRUCTURE LTD.RELIANCE INFRASTRUCTURE LTD.RELIANCE INFRASTRUCTURE LTD.

RELIANCE INFRASTRUCTURE LTD.

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RELINFRA trade ideas

RELIANCE INFRASTRUCTURE | AnalysisAs Many of you know that INDIAN Budget 2021 is focused on infrastructure and It is pretty much possible that the stocks related to it will jump. So, Here is our analysis of RELINFRA, But Let us first talk about this company --> Reliance Infrastructure Limited, formerly Reliance Energy Limited and Bombay Suburban Electric Supply, is an Indian private sector enterprise involved in power generation, infrastructure, construction, and defense. It is part of the Reliance Anil Dhirubhai Ambani Group. Parent organization: Reliance Group. Revenue: 20,972 crores INR (US$2.9 billion, 2020) Now, Should we buy it or short sell it? Let's find out. According to our analysis --> We have Ascending Triangle Ranges in Both Daily and Hourly Chart. Secondly, we know that Trend may continue because this Triangle Range is a continuation Range. RSI is rising which indicates the buyers have momentum. But, We should wait for the breakout, and accordingly we can put the trades. So, Let's wait for the breakout......... Follow @alphadecodetrade
NSE:RELINFRA
by alphadecodetrade
2
reliance infrastructure - Where is the bottom?Hello everyone In long term I can see that reliance infrastructure bottom is stil not come. Consider to watch the chart, It make a descending triangle pattern. What is descending triangle pattern? Answer : Descending triangle is a bearish continuation pattern. The pattern is usually observed in a downtrend. There are few instances the pattern is seen during an uptrend acting as a reversal pattern but is considered as a bearish pattern regardless of where it occurs. The descending triangle is also known as right angle triangle because of it shape. The horizontal line acts as a zone of support. It is as if there is heavy buying interest at this level preventing the stock from falling further. It is the lower highs along the declining trend line that signals greater selling pressure and gives the pattern its bearish feature. The technical target is arrived at by computing the vertical height of the pattern and adding this height to the breakout point. It can also be computed by drawing a line parallel to the base of the triangle through the trough of the first correction.
NSE:RELINFRAShort
by CodeViser
3