new year gift---Descending triangle failure for RIIL

[winstonn]

Hello friends,

Happy new year to all of u!

here is very very strong scrip for short-term.
RIIL ( Reliance Industrial Infra Ltd. )




Technicals: for RIIL

1) Fib Retracement
2) Upmove on good volumes, correction on decreasing volumes.
3) Descending Triangle FAILURE
4) Gap up move out of congestion

See ya,
Winston

 

[hungama123]

What will be the next support or target to exit?

 

[winstonn]

Hello hangama,

the next obvious target is 3200.
stop loss below the break of triangle horizontal line on closing basis.

Seeya,

 

[winstonn]

Two Day Upper Circuit.
2400 Now!!!!!

 

[MiLiNDOnline]

Two Day Upper Circuit.
2400 Now!!!!!

Hi Winston,

Would you think that RIIL will hit UC's regularly? Does the chart or your analysis indicates this? As RIIL has been hitting UC's since last 4,5 days. Would it suggest that it will continue its trend? Please advise.


There are many board members of Traderji who are holding this stock since long time and if you search there is a dedicated thread also for REL Infra.

Hoping to hear from you soon.

Regards!

 

[winstonn]

Hi, the upward movement has started....let's see 3200++

seeya

 

[MiLiNDOnline]

Hi, the upward movement has started....let's see 3200++

seeya

OK!

Fingers Crossed

C'ya

 

[vpk]

Hello hangama,

the next obvious target is 3200.
stop loss below the break of triangle horizontal line on closing basis.

Seeya,

Hi Winston,

Do you mean stop loss is 1880?

Or any chances to cross 5000? this stock ? I heard this going to be multibagger.

Cheers
-vik