Reliance outlook

20 בפבר׳ 2018

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

21 בפבר׳ 2018

הערה

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.

22 בפבר׳ 2018

הערה

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

27 בפבר׳ 2018

הערה

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

7 במרץ 2018

הערה

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