RELIANCE 16.10.2023
تم تحديثه
Reliance Industries Ltd. is interesting chart with following
1. Trading near major support zone of 2260 -2300 levels
2. 20 Months SMA support at 2310 levels
3. Bullish Engulfing candle on weekly chart
4. ABCD pattern under formation though confirmation awaited.
5. Looks good in terms of risk reward
Disclaimer: I am not an expert I just share interesting charts here for educational purpose and not to be taken as buy/sell recommendation. Please seek expert opinion before investing and trading as trading/ investing in market is subject to market risks. I do not hold any position in the stock as on date but I may look to buy on dips with my own Risk Reward matrix.
1. Trading near major support zone of 2260 -2300 levels
2. 20 Months SMA support at 2310 levels
3. Bullish Engulfing candle on weekly chart
4. ABCD pattern under formation though confirmation awaited.
5. Looks good in terms of risk reward
Disclaimer: I am not an expert I just share interesting charts here for educational purpose and not to be taken as buy/sell recommendation. Please seek expert opinion before investing and trading as trading/ investing in market is subject to market risks. I do not hold any position in the stock as on date but I may look to buy on dips with my own Risk Reward matrix.
أغلقت الصفقة: تم الوصول لوقف الخسارة
Reliance is going towards its 61.8 % retracement. if it does not take support there at 2230 levels trade will be considered to be closed
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