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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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RIGD trade ideas

Stock | Reliance | 4H | Bearish Shark and Crab formationPair shows formation shark and crab patterns. Pair shows the formation of a double top. Price is getting pulled away hence BB volatility Divergence can be seen. RSi shows divergence and also getting resistance at 60, which shows RSI bearish range shift. Looking for 50% to 61.8% retracement between 2200 to 2250 area. It could be a good buying opportunity for the long term around Rs.2250 mark or retest of the trend line shown.
NSE:RELIANCEShort
by Ashwini02
Reliance October Month Target Trade plan based on Momentum. # Risk / Caution : Trendline Break out's Retest are still pending which are deep. Refer Red and Blue Trendlines on the chart which are B/O levels. ATR and Retracement Based Analysis: Monthly ATR (230) Weekly ATR (100) Daily ATR ( 40) 1. September H-L = 2480 - 2255 = 225 Means Monthly move is already achieved for September. 2. 50% retracement on Monthly being 225/2 = 112 points. from top. That being (2,480 - 112 = 2,368). 3. 61.8% retracement on Monthly being 140 points from the top. That being (2,480 - 140 = 2,340). 4. 78.6% retracement on Monthly being 177 Points from the top. That being (2,480 - 177 = 2,303) 4. Average of above three retracements being (2,368 + ,2,340 + 2,304)/3 = 2,337 5. Therefore, TGTs for October 2021 based on ATR and above average retracement levels can be 2,562 - 2,584 (2,354 + 230 points = 2,584) - Based on Average of 50% and 61.8% retracement (2,336 + 230 points = 2,564) - Based on Average of all three retracements # Either enter at around 2,337 - 2,355 or trail longs with SL at 2,337 (Closing basis)
NSE:RELIANCELong
by CKParkhi