The move in RELIANCE is the single most crucial factor for driving the Nifty to a new all-time high above 26277, making the upcoming results and price action paramount. The key requirement for a significant market-driving breakout rests solely on RIL clearing the critical technical zone between ₹1410 and ₹1420 on a cash basis. A decisive move past this resistance would trigger a powerful bullish breakout, immediately paving the way for potential upside targets of ₹1470 and then ₹1540 in the following sessions. With the company’s Q2 results due post-market tomorrow, the entire market’s focus will be on the outcome and the stock’s subsequent reaction, as a strong performance and breakout would easily facilitate the Nifty’s journey to fresh historical highs in the near future.
RELIANCE INDUSTRIES UPDATE
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Published by SAAHIL BELIM
MY NAME is SAAHIL and I have been actively trading in EQUITY MARKETS from 2014. I have been using Gann theory in my TRADING JOURNEY since 2016. my approach to Gann THEORY is totally different than what you may have seen or heard in various YOUTUBE VIDEOS. I have developed multiple MATHEMATICAL MODELS which are based on METHODS described by sir gann in his courses. I never had used any kind of CHARTS to identify the TREND. hens I never share CHARTS to illustrate my view. I like to keep things SHORT and to the POINt! View all posts by SAAHIL BELIM
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