RELIANCE INDUSTRY - bounce back from support - Next level

9 Jul 2020

#Reliance is moving under Bullish channel and Very Bullish on Daily/Weekly/Monthly chart. it was falling since two day and after yesterday announcement about subscription amount Rs 43,574 crore from Jaadhu Holdings in Jio platform , stocl took support over trendline and moved UP and touched previous day High and closed below.

Showing Bullish in all Technical Parameter:
CCI in overbought zone
RSI is treading UP
Stoch is treading down from overbought zone
Aggressive New Long position
Stock Outperforming from Benchmark and sectrol index on 1 week and 3 month both
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Support : 1732 (A good level for buying)
Breakdown : 1800
CMP : 1826.75
Breakout : 1840
Short Target : 1874 and 1900
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Positive & Negative Point:
1) Very Bullish in Daily/weekly/Monthly chart.
2) Treading in overbought zone
3) Debt free in two month.
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(Disclaimer: This is only for educational purpose.)

10 Jul 2020

Dagangan ditutup: sasaran tercapai

Hit the Target 1874............