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NIFTY

11331.05      -15.15 -0.13%

BANK NIFTY

30093.30      -260.95 -0.86%
ACC 1584.85 (0.22%) Link
Symbol     LTP Chng%
DHFL 60.00   + 14.29
PCJEWELLER 37.90   + 12.97
MINDAIND 291.85   + 8.31
CANFINHOME 406.10   + 8.13
WABAG 310.50   + 6.37
Symbol     LTP Chng%
BANDHANBNK 469.05    -6.43
SHOPERSTOP 428.55    -5.76
GRUH 259.40    -5.69
PNB 68.40    -5.66
SRTRANSFIN 980.80    -5.53
View All

Reliance Has potential upside

chhayal123
12/11/2016 7:17:41 PM
  2365
  2

Reliance Has potential upside

 

 

Oil Producing companies recently in a good position as crude prices have shoot up 13% with smashing trading volume, as OPEC and Russia deal, oil companies to get good benefits.

ONGC and CAIRNS had already given very good rally in past few days so now is reliance turn. Reliance’s ACHHE DIN.

Above All details are fundamental knowledge and reason for Reliance upside.

Now, let’s discuss about technical analysis of Reliance Stock chart and its price growth.

On 9thDec, 2016 Reliance had given close above EMA50 and also given ATR 14, 2 crossover.

Reliance closed at 1028.95 on 9th Dec. There is hardly any resistance till price reaches 1054. It will be the first resistance R1 for Reliance stock chart. After that it has resistance of previous month high i.e 1055.95. If Reliance price will cross that level it might give very impressive rally.

If you want to scan this kind of opportunity from whole market you need to check so many charts on daily, weekly basis but I can provide u better solution for that. If trader / investor use software which has query builder kind of feature, can find out this type of scrip within one click.

 

 

Total 2 Comments

  • saumil
    12/11/2016 10:53:46 PM

    what an analysis...Nice

    Reply    Vote


  • vikas
    12/14/2016 10:39:05 PM

    good one .. reliance industries finally achieved 1064

    Reply    Vote

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