Stock Name - Reliance Industries Limited Ichimoku Cloud Setup : 1). Today's close is above the Conversion Line 2). Future Kumo is Turning Bullish 3). Chikou span is slanting upwards All these parameters are showing bullishness at Current Market Price and more bullishness AFTER crossing 2622 #This is not Buy and Sell recommendation to any one. This is for...
LATENT VIEW BUY 352 SL 331 TG-374/405+ . . . . . This is only for education purpose
Reliance spot cmp 2618 weekly time frame chart pattern study Descending parallel channel pattern fromation As per resistance trend line of structure, counter would face resistance around 2650 levels if we observe last 2 swing in this channel ,last time counter reversed after retracing around 78.6% of previous swing, this time 78.6% of last swing lies around 2632...
Bullish conformed. . Entry: 2520 target-2550-2600-2640 . . Trade carefully. . . . refer old ideas. Attached bellow.
Hammer near Breakout Retest Zone in Daily TF In Weekly TF Reliance Has given breakout of Inv H&S pattern for long term Bullish View Trading above Hammer on mon can give good RR next week with1st Target 2500 2nd 2600 with SL of 2420 on DCB
Don't be aggressive . if there is possibility for bullish-- entry: 2520 target-2550-2600-2640 . If down trend starts entry:2480 t1-2450-t2-2400 . possibility for stoploss hunting will be there. . Don't trade in "no trade zone" Trade carefully. . after breaking green box mentioned, trend will be confirmed. . . refer old ideas.
3 reasons for a positive outlook. 1- NMDC is trying to bounce back from the Fibbo 50% level. 2- Price has given the breakout of the falling trend line and trading above the breakout level. 3- MACD has turned positive after positive diversion. It looks suitable short term trading with favorable RR ratio. Disclaimer - I am not a SEBI-registered technical analyst...
Intraday view - RELIANCE for 28-06-2023 Reliance closed @ 2496.45 Reliance was in consolidation today near 2500 and i see it will be covering all short positions tomorrow with a upside view of 2520, 2530 on intraday basis. Maintain a stoploss at 2485.
NSE:RELIANCE WATCH #RELIANCEbelow break of level 2535 , if breaks and retests the 2535 level as resistance, then we may see reliance follow the path for downtrend.
SATIA BUY-116 SL-107 TG-128/140/150+ . . . . This may take 1-2 months. This is only for education purpose
RELIANCE imp zones mentioned on chart , all reversal and expected move mentioned with Arrow line, RED: Sell, Green: Buy Sell< 2540 SL:2565 Target: 2510,2470,2440 Buy> 2565 SL: 2540 Target : 2585,2610,2650 Wait for Proper Rejection : @Support : Bullish @Resistance : Bearish USE SL TRAILING Any query do comment *All views for educational purpose only
Stock Name - Reliance Industries Limited Ichimoku Cloud Setup : 1). Today's close is above the Conversion Line 2). Future Kumo is Turning Bullish 3). Chikou span is slanting upwards All these parameters are showing bullishness at Current Market Price and more bullishness AFTER crossing 2255 #This is not Buy and Sell recommendation to any one. This is for...
Reliance imp zones mentioned on chart and expected direction and reversal points on chart Buy>2522 SL: 2505 Target : 2535,2555,2600 Buy>2504 SL: 2522 Target : 2475,2460,2445 Wait for Proper Rejection : @Support : Bullish @Resistance : Bearish Any query do comment *All views for educational purpose only
#Reliance Industries Support holding strong at 2430! 💪📈 Check out the resistance at 2650 in days to come. Trend is Bullish🚨 #TrendAlert #Bullish 📈
Reliacne imp zones mentioned on chart Sell< 2474 SL: 2487 Target: 2460, 2450, 2420 Buy>2485 SL: 2473 Target : 2495,2510,2540 Wait for Proper Rejection : @Support : Bullish @Resistance : Bearish DONT WAIT FOR TARGETS USE SL TRAILING Any query do comment *All views for educational purpose only
Weekly timeframe has tested weekly structure Daily and 4HR timeframe has the same demand zone and it has tested it Reliance is ready to fly
Note: This is for educational purpose only. I am not SEBI registered. So please consult your Financial Advisor before investing. There seems to be formation of bullish hammer in Reliance at support levels. Moreover, the RSI and Relative strength indicates bullish momentum as well.
Hello all traders/ Investors hope you are doing good . This is just my analysis on the Reliance stock in Weekly and Daily TF . This may give you an idea about this stock for a short term . Weekly : For the past one and half years the stock is in consolidation zone i.e the price was non directional , swinging between 600-700 points and recently a major...