RELIANCE
Bullish Crab - RELIANCE- Daily TF.Hello,
Pattern : Bullish Crab
Stock : NSE:RELIANCE
Time Frame : Daily.
Always look for reversal patterns in rectangle box area which is a reversal zone and take trade basis on it.
Note : This chart is only for study and reference purpose.
#ABFRL #NSE #NIFTY #BANKNIFTY #FASHION #IoT #ML #INVEST #TRADE #ABFRL
Aditya Birla Fashion and Retail Ltd.
CMP: 164.95
Target: 188
SL: 127
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Live Intraday Trading - Trend is my friend !!When you are on same track along with reliance and nifty then you can never loose.
Reliance can go up todayReliance formed a double top pattern in daily basis, as well it is in demand zone now, buy it above 2285 and sell it below 2260
RELIANCE INDUSTRIES STRONG SUPPORT LEVEL IF THE PRICE BREAKS ABOVE THE PRESCRIBED LEVEL AND CLOSES ABOVE THERE CAN BE A BULLISH MOVE
REFER CHART TO KNOW THE DETAILS
BANKNIFTY VIEW TILL 16-OCT-2020BANKNIFTY UPCOMING MOVE WE CAN SEE UPSIDE TILL 25000-26000 TILL 16-OCT-2020
Reliance - Elliott wave analysis - Sell set upReliance - It has completed impulse cycle up from major low in 4 hr time frame and correcting down from last high in 30 min time frame as ABC zigzag down. 2nd wave of C wave is in progress, which may bounce up to 2250-80, which is good sell for target up to 2100 or even lower, with stop loss above 2310.
Give thumbs up if you really like the trade idea.
Reliance Industries - Is it the peak? Will I get stuck on top?"Market Structure"
Investors won't get stuck from medium to long term perspective even if they enter RIL from here.
There could be a small correction in short to very short term but that should be seen as an opportunity to enter in.
RELIANCE update 1 ON 26.09.2020Hi Friends,
I got the request from one of my follower to give the update on Reliance, So here it is.
RELIANCE gave Huge run, So far it is good. But now it is the decision time.
you might have these questions in your mind.
Shall I enter at this price?
Shall I book profit?
Shall I accumulate the stock?
Resistance area for Reliance is 2244 - 2266 (it is 2-3% away from cmp), once it brake the resistance it will give huge brakeout. So for any fresh buying waiting to cross the resistance area is advisable.
For short sellers (very few, but any) keep stoploss of 2267. (REMEMBER PROFESSIONALS ENTER THE TRADE WITH STOPLOSS IN MIND, but armatures like me :P , enter the trade with profit in mind. )
For profit booking it is your choice........
Your Humble trader,
KIRAN
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Reliance on higher highs---Next stop to come 2600 !! Watchout Reliance consistently moving higher highs and forming Pyramid pattern. Every time there is a breakout 200pts move and then consolidation.
It looks to well poised for 3K eventually !!
Reliance Industries Bullish Flag formationBullish Flag forming in RIL. Can buy near the base of the near 2275.
RELIANCE ....... shall we reliance on RELIANCE?Hi friends,
Reliance give HUGe Returns with all the news HEADLINES.
Remember they own lot of NEWS media, They know how to HYPE the news.
ALL THIS UPMOVE is based on SUCCESS of JIO.
But look at the Airtel, it is already started the Down trend.
IT IS MATTER OF TIME.
FINGERS CROSSED.
Your humble trader
Kiran
