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Relianceindustries

Reliance EW Wave countsWave 4 Correction is place on larger degree WAVE 4 is showinng WXY correction with X Wave faked out around 2100 and then Y leg started. We will get the confirmation of wave 5 impuse only when it breaks 2100 and closes above it. At that time the target is 2400 and 2550-2600 for Wave 5 Impulse leg. On the down side, if Y leg is extended a bit, it may spend some time here in the timewise correction. I started to think now that we may not see much price wise correction now. We can take the delivery now and keeps on adding till 1700-1650 range for F&O, we can buy when 2100 is broke cleanly and it closes above that.
NSE:RELIANCELong
by Kru-KB
Reliance may surprise with an Up move anytime soonReliance ( NSE:RELIANCE has been trading in a closed range for many weeks now. It took multiple support at 200 Moving Average. And formed a base near 1880-1920. Volume in the cash segment is quite good too. Now it looks ready to break out of the wedge formation anytime soon and reach the near-term target of 2300+ and then creating an all-time high in weeks to come. The stop loss of the trade should be 1850 on closing basis.
NSE:RELIANCELong
by traders_pit
RELIANCE - BUY IN DIPSReliance is a good buy in the dips around the support region, in the last few trading sessions, we have seen huge selloffs and profit booking but the price has been making higher lows since the last couple trading sessions. It's on the road to recovery but will find it challenging to break the resistance which has formed over the last 3-4 months of trading. We are not expecting any major news for the price to breakout quickly which happened in the last few months. There's still the saudi aramco deal to go through which may come as a suprise to anyone on the market.
NSE:RELIANCELong
by jashjacob