Reliance was in range so i created a channel and reliance followed that channel for long time. When the first green candle broke-out it was the to enter and grab easy 1-2 %. a simple price action strategy and breakout strategy will be enough for you to make money.
15 min chart is showing 2 Top which means if it reaches 1800 and won't be able to break 1800 resistance level then fallback to 1st Support lvl and if it break 2nd support lvl too. then there is perfect short opportunity. Disclaimer: - The view expressed here is my personal view - Use this for educational purpose - Any decision you take you need to take...
Is this right time to buy reliance ??? Educational purposes
It is quite evident, that if NSE:RELIANCE clears the over head supply zone then it can potentially reach 2120 levels.
Reliance in daily chart given breakdown at 1430 zne fter a consolidation from 1466 to 1430 zone from 3 days now after breakout on downside , trading at 1410 now important level to note is 1430 /1440 on upside while on downside now its open for 1350 /1340 level. Upside resistance at 1440 /1460 zones . Fresh upmove only if close above 1490 for 1650...
It has triggered an hourly bearish C Clamp Ichimoku study suggesting retest of 1530 / 1490 provided it does not go above 1615
1. Ascending triangle pattern formation an hour chart. This state Reliance want to Long. 2. But on the formation of Cypher Pattern on the chart. X Point at Recovery Price of 880 , retrace to B Point , C Point to 1229 (Current Price) 3. Formation of XB=0.38 and AC=1.401. 4. Assuming XD form at 0.786 lead to the Formation of BC=1.407. 5. All above level...
Hello, I am new and relatively inexperienced in the trading world. I want to learn more and more about trading, can anyone help me with this analysis?