Reliance outlook

٢٠ فبراير ٢٠١٨

On Fibonacci retracement Reliance is nearing 50% retracement level. Upon crossing this level, Reliance can be expected to reach Rs.945.

٢١ فبراير ٢٠١٨

ملاحظة

Although Reliance did not hold the 50% retracement, it closed above the trend line. And as we have MACD crossover, it can be expected to reach Rs.945 in the near term.

٢٢ فبراير ٢٠١٨

ملاحظة

Today, we saw the price moving down from the 50% level. Tomorrow, we will have clear idea about the movement

٢٧ فبراير ٢٠١٨

ملاحظة

Reached our target. As it closed above 950, we can expect it to reach 965(78.6% retracement level in the Fibonacci)

٧ مارس ٢٠١٨

ملاحظة

As RELIANCE has closed below 23.6% on Fibonacci, we can expect it to reach 870 levels on the downside