RELIANCE INDUSTRIES Heavyweight stock in nifty will still outperform market in a coming days...Reliance Expected to touch 3500 in next one year with current sl 2300...
RELIANCE trade ideas
Reliance Prediction for Oct-2021 to Jan-2022Looking bullish for near term, ofcourse there will be a small pull back due to vertical rise of the past few weeks.
Will update the same during the weeks
Caution on Reliance - time for retracementReliance may retrace back for sometime. But if the current price behaviour is kind of climax buying, we can expect a gap up on 11th and price may stay sideways for few weeks. We will know whether Reliance is at its climax or for retracement from the price behavior next week.
Reliance in consolidation phaseReliance in consolidation phase.............breakdown will start reversal of Index also......if not then it will complete journey toward previous ATH .............
Two Types of S&R Breakout Retest MethodTwo Types of S&R Breakout Retest Method
1.) (Hold at the S&R, brokeout (No retest)
2) Direct breakout of the S&R and Retest
Reliance targetReliance short term target Ichimoku short term. Reliance is moving to its target of 2600 this week
RelianceMota Bhai uptrend is intact.
Retraced only to .382 levels.
And now Box break out too. Good upside with stop loss bottom of box. Long term only
Reliance, fresh brekout???Reliance fresh brekout seen on chart against the market trend in intraday. Good volumes, with cu pattern. Looks good for new position with SL below day's low.
RIL - Reliance Weekly Chart RIL - Reliance Weekly Chart
- BO retested & confirmed successfully, may proceed towards target of 2900. (Positional view)
Note: This is only for educational purpose, not a recommendation.
Reliance 15 Min Chart Forming a Rising Wedge Breakout 24 Sept 21Reliance 15 Min Chart Forming a Rising Wedge Breakout 24 Sept 21. Waiting for Retest to Enter.
Broken Triangle PatternStock Analyais: Reliance has broken the triangle pattern closing above all time high expected to reach the target given on the chart for longterm.
let's see..
Short buy Reliance. After weeks consolidation and small correction, Reliance is again ready to take a next leap. It's my long time favorite and I had recommended this stock for medium to long term, however, if someone wants to initiate short trade buy for the target of 2715.
Reliance 15 Min Chart Forming a Rising Wedge Pattern 23 Sept 21Reliance 15 Min Chart Forming a Rising Wedge Pattern 23 Sept 21. Watch out for Breakout.
