Specifically for Intraday only: 15-MTF
Bullish Trade
Trade the Strong Bullish Candle closing above Breakout Level
RSI should be 70 or more
Stop Loss to be below Breakout Candle
Look to book profit before target level
Bearish Trade
Trade the Strong Bearish Candle closing below Breakdown Level
RSI should be 30 or less
Stop Loss to be above Breakdown...
Stock standing at strong support area
2710-2750 support zone
2900-2925 resistance zone
Stock may go sideways first then may start the journey towards upside again
wait for at least 1 HH HL of a good buying candle in this time frame recommended
Reliance has been in a impulse since March 2023 from lows of 1979.15 to 2630.95 was size of Wave 1 & it retrace exactly 0.618% in wave 2 as marked in chart.
Wave 3 starting from 2220.30 to 3024.90 was equal to Wave 1 in size or slightly bigger than wave 1 & Wave 4 did retrace exactly 0.382% as shown in chart.
Wave 5 is exactly inverse 1.618 of Wave 4 fall.
This...
Dear Traders,
We are seeing some major correction on Reliance since last few weeks, in our technical view price is yet to drop further towards our designated buying zone. Expect a swift buy from our identified key level, even possible to see a continuous bull run taking price above 3500 region. If you agree to our view please like and comment for more.
⭕️ Swing Trading opportunity: Price Action Analysis Alert !!!⭕️
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✅We can't conduct a thorough analysis in such a short span of time. We need to review it, post our findings, and then take action.
5 min view
🙋♀️🙋♂️If you have any questions about this...
⭕️ Swing Trading opportunity: Price Action Analysis Alert !!!⭕️
💡FNO Stocks Trading📉📈📊
✅Check out my TradingView profile to see how we analyze charts and execute trades.
✅We can't conduct a thorough analysis in such a short span of time. We need to review it, post our findings, and then take action.
🙋♀️🙋♂️If you have any questions about this stock, feel...
⭕️ Swing Trading opportunity: Price Action Analysis Alert !!!⭕️
💡FNO Stocks Trading📉📈📊
✅Check out my TradingView profile to see how we analyze charts and execute trades.
✅We can't conduct a thorough analysis in such a short span of time. We need to review it, post our findings, and then take action.
🙋♀️🙋♂️If you have any questions about this stock, feel...
⭕️ Swing Trading opportunity ! Hourly Analysis Alert !!!⭕️
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Reliance at Trend line resistance in Daily Time Frame if give breakout then it can lead to upper levels & also help Nifty too.
Target will be 3044, 3111, 3155 & 3211 with Stoploss of 2955.
Thank you & Trade with proper Risk Management. Happy Trading#
The chart analysis for Reliance Industries (RELIANCE) indicates the following key points:
### 1. **Descending Triangle Formation:**
- A descending triangle pattern is visible, which is a bearish chart pattern formed by lower highs and a flat support line (around ₹2,900-₹2,910). This suggests selling pressure as buyers are unable to push the price higher while...
Huge potential is there.
For short term investment ;
Leave a " Like If you agree ".👍
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Wait for small retracement & daily candle to close above - "355"
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If you are interested in investment now, go for it with proper risk,
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Overall " biocon" fundamentally good stock.
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Enter after market Breaks
"Yellow box" mentioned.
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Wait for proper reversal and...
Cyient ltd. is trading in Wave 4,It may give break out above 1914 of trend line and wave4 correction. As per Elliot wave theory after break out it will come in wave 5 and target would be equals to wave 1, which is 2743.
Bajaj finserv trading as per Elliott wave, It was given break out of triangle pattern at1700, As per chart Possible target would be 1836, 1932 and 2431 soon.
levels for Reliance Industries (RELIANCE)
Support levels: 2,912.98 (S1), 2,900.52 (S2),
and 2,885.03 (S3)
Resistance levels: 2,940, 2,956, and 2,969
52-week low: 2,221.05
52-week high: 3,217.9
Support and resistance levels are important for traders and analysts to analyze price movements for a stock. They are calculated based on the price range of the...
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RELIANCE Levels in Support and Resistance
1. Personal Level
Support:
Emotional Stability: Relying on close friends and family provides emotional support, helping individuals manage stress and adversity.
Practical Assistance: Dependence on personal networks for daily needs and problem-solving can offer a safety net...
