RELIANCE -Key levels Hello Everyone! I am expecting more downside from reliance . And key levels to watch is 1800 -1600. Once it breaks trendline , can give more downside move . SO stay cautious and be ready to accumulate
Relianceshort
Reliance SHOW is over NOW time to get out of MOVIE THEATERHi Friends,
Reliance had a very good bull run, but this mov(i)e seems to be over.
So, my view is, if Reliance can not able to close above 2170 level on daily closing basis, then its bull run is finished.
If you want to go short keep stoploss of 2170 level.
Your humble trader,
KIRAN
-----------------------------------------------------------------------------
Disclaimer: THESE IDEAS ARE EDUCATIONAL PURPOSE ONLY, I AM NOT REGISTERED FINANCIAL ADVISOR. DO YOUR OWN DUE DILIGENCE.
RELIANCE CLEAR CUT 1290 TGTA classical H&S pattern.
A good retest and then...
RELIANCE is weak as long as below 1414
Spot 1408.90
TGT 1290
Do like, share and subscribe us!
Keep learning!
Reliance - Key Reversal Candle at previous resistanceReliance Industries formed key reversal candle on its weekly chart confirming previous resistance @1600 levels.
Negative Divergence at 60 levels is clearly visible on the chart.
So coming any move below 1400 levels can take stock to 1200 to 1150 levels.
Reliance time to go short Go short in Reliance at current market price with the target and stop loss as mentioned on the chart.
Days of Reliance are OVER. Will enter Short Position at Blue BoxImportant Monthly Support Broken. Looking Beautiful to Short
I will enter Short at Blue box as shown in chart.
Entry and Stop Loss as shown in chart.
RELIANCE SHORT FOR TARGET OF Rs 995 - 975Reliance in a strong downtrend. Presents a good short opportunity for Target of Rs 995-955 Range.
