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RELIANCE INDUSTRIES SPON GDR EACH REP 4 ORD SHS 144ARELIANCE INDUSTRIES SPON GDR EACH REP 4 ORD SHS 144ARELIANCE INDUSTRIES SPON GDR EACH REP 4 ORD SHS 144A

RELIANCE INDUSTRIES SPON GDR EACH REP 4 ORD SHS 144A

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Bullish Move With close to ResistanceComing to the Heavyweight in the nifty 50 index Reliance, reliance is looking bullish move in the short term. From the lower levels from Mar 20, stock has recovered and is now near significant resistance. Breaking this level, can move stock towards till 2672. If it breaks the Trendline resistance, then possibly a good move towards upside is possible. If reliance breaks the trendline drawn on chart, then it may show some bearishness. Important Resistance -> 2543 Important Resistance -> 2314-2200 Near support --> 2400. Consider these ideas for educational purpose.
NSE:RELIANCE
by Breakout-Ideas
RELIANCE BULLISH BREAKOUT | 10% UPSIDE POTENTIAL | SWING TRADEThe price has recently broken and closed above the resistance level of 2480. Reliance was trading in a downtrend, but this breakout marks the FIrst HIGHER HIGH, the beginning of a new uptrend. NIFTY is also trading above its resistance level, which gives more confidence that Reliance may go up in coming days, as Reliance has heavy weightage in NIFTY INDEX. Long entries can be opened as long as price is trading above 2840. Stop loss 1. For aggressive traders- daily close below 2480 2. For conservative traders- below 2410 Targets 1. 2600 2. 2750 Let me know in the comments section if you want me to analyse any other financial instrument. WARNING:- ALWAYS FOLLOW RISK MANAGEMENT AND POSITION SIZING WHILE TAKING ANY TRADE.
NSE:RELIANCELong
by rohitkukreja
2
RELIANCE--Head and Shoulders pattern(Right-Shoulder) Forms??Observations: -------->>the stock is trending upwards. -------->> We have observed a left shoulder formed at 2300 level. Now if price falls back to 2300 level and if the same is acts a support we will observe a Head and Shoulders pattern in Reliance. --------->> Previously a strong fall is observed from the zone 2425-2455.If the same zone is acts as resistance we will observe a fall in reliance up to 2300 Zone. ------>> we have a demand zone @2360-2380 level which can act as a pullback to the same zone(2425-2455). and price may fall back to 2300 levels very quickly from this zone. Keep an eye on these levels.
NSE:RELIANCE
by IIT-Trader