-DTL BO (Down Trendline breakout) anticipation -Now above 4/June (election result) volatility carnage, finaaly in sweet spot too
After positive opening, Nifty made new ATH of 23412 level However it immidiately given up the intraay Gains & closed near day's low. Further correction may come if price closes below 22200 level, If the Index sustains above 22430 level, it could reach towards another ATH of 22500 Keep Tracking Charts *For Educational Purpose Learn & Practice Price Action setups
Reason I choose RELIANCE TO trade beacuse of its huge weitage. Huge Weitage stocks to be considered the less volatile & safe instrument to Trade. As RELIANCE is trading in the Range from Few Weeks, Do not plan to execute orders below the 3050 Levels. If the WEEKLY CHART crossed above the level then only I will plan my trade in RELIANCE. MONTHLY RSI > 60....
RELIANCE all set to lead the next bull rally?! 🚀 What do you think? Adani and Ambani combined will lead Nifty to 25k?
Reliance Industries, a major component of Nifty 50 with more than 10% weightage, is currently trading at 2850, which is the 61.8% FIBO retracement level of the last swing. We might expect a good bounce from this level. However, if this level does not sustain on a closing basis, we might see a fall to 2728, where there is a strong demand/support zone at 2647 -...
Most probable retracement is at 38% level and the second is 50% level. Target is 3440 if flag upper level is broken. 3 entry levels: 1st at 38% - 25% 2nd at 50% - 25% 3rd at breakout of upper limit channel - 50% (or the remaining)
NSE:JIOFIN Long Position on Jio Financial Services Ltd Best Buy : 280+ Stop Loss : Below 255 Targets; 310/360/400/440+++++ About: Jio Financial Services Ltd, a subsidiary of Reliance Industries Limited (RIL), has been rapidly expanding its footprint in the financial services sector, leveraging the extensive customer base of Jio Platforms. With...
Buy Reliance above 2860 for the targets of 2940, 2965 and 3000 until 2765 is intact on the downside. To motivate us, Please like the idea If you agree with the analysis. Happy Trading! InvestPro India
Two most popular names under Modi regime are forming bearish patterns. Obviously we are over 25 days away from results. Maybe there is some smart money play here and this fall is to trigger retailers to sell and they make their long positions here. I have already shared about a possible double top on Nifty. Breakdown is far away. Why I feel this is more of smart...
Nifty facing trendline resistance at 22777. Next up move will come when it close above 22777, till stay short. As per chart nifty showing weakness. It form evening star pattern on daily chart and also double top on 3-4 hrs. time frame. On Monday nifty can short with stop loss 22810 on any level below 22610 for lower target 22430, 22310 soon. As per channel...
I used S&D method and Fibonacci retracement tools to discover stock's reversed to previous levels to find probable support levels. Ignore Gap Up Cancel the plan Analysis: Starting Point: Mentioned on the chart Ending Point: Mentioned on the chart Disclaimer: This is for educational purposes only. Conduct your own research and consider your risk tolerance...
Stock has already concluded a running triangle structure at OCt'23 low of 2220 and is rising in an impulsive manner. The measured target for the same is coming in the region of 3400. Hence, stock is likely to continue it's uptrend towards 3400 with any weakness holding above the support zone of 2500-2450 in the coming months.
We can observe Stoploss hunt behavior and pattern fake breakout, potential long opportunity above 2650 lvels. We can look for longs in Reliance if 1hr candle closes above 2650 with good volume, short term targets should be 2750/2800 levels with recent swing low as stoploss. --Educational purpose only.
Major support levels :- 2575, 2550, 2531 Resistance:- 2600, 2620 If it takes out the upper level of 2620 and closes above it on weekly chart, it can give nice up move. Positional stock or stock future trades can be initiated. Intraday trades can be taken on both the side. Bearish trade for an intraday trade can be initiated on the breakdown of the H&S pattern...
In Reliance stock we can see a RSI divergence and its trading in a triangle pattern, if the tringle pattern break bellow 2900 level then we can see a decent profit booking in Reliance which is approximately 100 points. Given are the entry and exit point. Note : All the given ideas are educational purpose only do invest wisely. @Nifty_50_ #nifty #banknifty...
Reliance has made Curve resistance which is working from last 2 years Also Reliance crossed 20 lakhs Market cap and Investors are very positive on Stock But one have to look chart differently Resistance level is coming around 2990-3010 We can see huge selling of 15-20% in the stock One can take Bearish trade according to Risk appetite !! Thank You !!
Symbol : Reliance Trading Idea : On daily and weekly TF, It looking like a consolidation & breakout but as per my analysis, Reliance is currently Trading at 2 year resistance zone & this breakout may fail as the stock is already given a huge upmove on weekly TF. One can go short at current levels of 2640-2670 with SL of 2710. Target 1 : 2545 Target 2 : 2485
Break any side harizontel line take a trade. note* Entry after hourly candle close.