Reliance Industries is currently trading at the potential reversal zone (PRZ)/supply zone set by the XABCD Bearish Bat Pattern. In the past after reaching the supply zone, it got corrected until 0.618 Fibonacci retracementent of CD.
After a good correction, it is trading now near the supply zone. Since it touched the all-time highs, it never had closed above the supply zone. A daily or weekly(safe) close above 2275 could give a boost until 2307.
Sustaining above this supply zone, the price may reach the 2382 level.
Go long above 2275 and start booking your profits from 2307-2382 for a safe setup. Place Stoploss at 2256.
Happy trading :)
This is not an investment idea. Please consult your financial advisor before investing.
After a good correction, it is trading now near the supply zone. Since it touched the all-time highs, it never had closed above the supply zone. A daily or weekly(safe) close above 2275 could give a boost until 2307.
Sustaining above this supply zone, the price may reach the 2382 level.
Go long above 2275 and start booking your profits from 2307-2382 for a safe setup. Place Stoploss at 2256.
Happy trading :)
This is not an investment idea. Please consult your financial advisor before investing.
Dagangan ditutup: sasaran tercapai
Book your profits now or trail your profits above 2382. Congrats :)
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.