Trade Idea: $NSE:RELIANCE for Next Week
Hello, Traders! 👋
#RELIANCE is shaping up as an interesting watch for the coming week:
📈 Technical Overview:
🔹 Weekly Retracement Level: Trading near the golden zone, a key area for potential reversal.
🔹 Daily Supply Zone Confluence: Overlapping supply zone could act as a critical resistance.
🔹 1-Hour Liquidity Sweep: Potential for a liquidity grab before resuming an upward move.
💡 Plan of Action:
Keep a close eye on price action around these levels. A confirmed breakout or rejection could set the direction for the next move.
⚠️ Disclaimer:
🔹 This analysis reflects my personal views and is not a recommendation to buy or sell.
🔹 Please conduct your own research or consult a professional before trading.
What’s your outlook on #RELIANCE for next week? Let’s discuss! 🚀
#StockAnalysis #TradingView #TechnicalAnalysis #MomentumStocks #RELIANCE
#RELIANCE is shaping up as an interesting watch for the coming week:
📈 Technical Overview:
🔹 Weekly Retracement Level: Trading near the golden zone, a key area for potential reversal.
🔹 Daily Supply Zone Confluence: Overlapping supply zone could act as a critical resistance.
🔹 1-Hour Liquidity Sweep: Potential for a liquidity grab before resuming an upward move.
💡 Plan of Action:
Keep a close eye on price action around these levels. A confirmed breakout or rejection could set the direction for the next move.
⚠️ Disclaimer:
🔹 This analysis reflects my personal views and is not a recommendation to buy or sell.
🔹 Please conduct your own research or consult a professional before trading.
What’s your outlook on #RELIANCE for next week? Let’s discuss! 🚀
#StockAnalysis #TradingView #TechnicalAnalysis #MomentumStocks #RELIANCE
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.