A double top is an extremely bearish technical reversal pattern that forms after an asset reaches a high price two consecutive times with a moderate decline between the two highs. It is confirmed once the asset's price falls below a support level equal to the low between the two prior highs.
Script = Reliance
Time Frame = 15 min
Reliance Industries Ltd (RELI) 45 AGM meeting 29Aug.
Now Reliance @Neutral. Level. If it crosses 2639.18
Last trading 15 min time frame positive signal came.
Then go for long. Target 2655, 2679,2696.
It starts go up after AGM meeting last time. Thank you.
Friend's, This stock is mainly suggested for Intraday players for 13-06-2022. As we can see that what is happening with Reliance it's again and again taking support on Trendline. But today in Brearish market our view🧐 is also on Bearish side. We will short this when price show rejection below 2695 & substain below themselves with the accurate target🎯 of...
Reliance Industries Ltd is India`s largest private sector enterprise, with businesses in the energy and materials value chain. The company works under different business segments
CMP: 2539
Target: 2600-2700
Reliance Buy at dip. Now Good Support on 2477. Given Day Breakout 2499. Now seen big move.
If you think information is useful please comment and follow...
NSE:RELIANCE
all the trade setup will remain same as per previous.
Trade Setup for Date: 28-12-2021
1) Don't Jump in to trade at the beginning of the market. Let it get settle for 15-20min first and judge the price action.
2) Everything is mentioned on the chart. I hope it is easy to understand.
3) All the levels will work as support, resistance, entry...
NIFTY 50 EOD ANALYSIS 25-11-21
In this post, I talk about the analysis for the day and the trading range for tomorrow. The video discusses with the help of the charts how the indices as well as leading stocks performed during the day and their likely play tomorrow.
O 17417.30
H 17564.35
L 17351.70
C 17536.25
EOD 121.20 points /+0.70%
SGX Nifty 25-11-21 @...
1. Buyers from a and b were happy that Reliance made 2600. Many who missed this move would be regretting not entering around 2460.
2. c gave buyers chance to buy again around 2450 with hope of 2600 and higher and many bought on 18th Nov.
3. Where they are going to keep their stop ? At what level are these buyers going to exit ? 2450 and 2400.
4. Here is where...
NIFTY 50 EOD ANALYSIS 16-11-21
In this post, I talk about the analysis for the day and the trading range for tomorrow. The video discusses with the help of the charts how the indices as well as leading stocks performed during the day and their likely play tomorrow.
O 18127.05
H 18132.65
L 1958.80
C 17999.20
EOD --110.25 points / -0.61%
SGX Nifty 16-11-21...
after break weekly all time high RELIANVE coming to retest the place where it breakes and its a level of 0.5 in fib series so wait for a hug buy and so nifty also can go for a buy trend soon...
Reliance Industry seems to have a breakout from a triangle pattern, so give an entry with appropriate Stop loss only after its breakout
🔴DISCLAIMER
***** It's just for an educational purpose and so you must also follow your own technical analysis before taking up the trade ******
Aggressive traders enter at the breakout and conservative traders may give entry...
Increase in Oil prices coupled with the breakout on the chart is a good confluence.
Retest has been done nicely.
Reliance was holding up the market on last trading session.
Can expect this to continue for a few more trading sessions (2-3 trading sessions)
Use Halftrend for trailing stoploss. NSE:RELIANCE
Reliance in moving in a channel since, Nov 2016 & now near lower channel line
Above 50 EMA
facing support near 1900 -1800 (support zone)
With a SL of 1890 on weekly close basis.
We can set a target 1 of 2321
Target 2 - 2707 (Trailing SL)
Target 3 - 3249 (Trailing SL)
Note: This is for educational purpose only and do not trade in F&O.
There seems to be a hammer at previous support zone which also coincides with 200 moving average. There seems to be a convergence in price and momentum (RSI).
SL: 1825₹
*Study is based on Futures
Reliance has managed to crossover the trendline in daily charts today. What we have to watch is if it manages to hold because if it does, we might see a bull rally which will take the prices above 2000 levels.
Aggressive or risky traders can buy once RSI manages to cross 50 levels in Intraday charts with a stop loss of 1950.
![RELIANCE: Simple Trade Setup | RELIANCE | 28-12-2021 [INTRADAY]](https://s3.tradingview.com/x/x5pzbA0u_mid.png "Simple Trade Setup | RELIANCE | 28-12-2021 [INTRADAY]")
