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RELIANCE

Reliance Price Volume analysisReliance on Daily time frame broke down important support level and gave a weak closing on 15th March, although there are some more supports placed below but if I look at current price vs volume relationship and whatever my understanding and view is that even though the volumes were on higher side today in comparison to last two day's session, the price couldn't broke Previous day low in today's session. This is probably a sign of good accumulation by strong hands and getting weaker hands out of the market probably. As they say operators buy in red candles and sell in green candles or basically sell in strength and buy in weakness is the theory they apply :) I will be keeping a watch here to understand whether this was really a climax candle in selling or not.
NSE:RELIANCE
by aktradelearning
5
RELIANCE - Ichimoku BreakoutStock 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 education purpose and a helping hand to learn trading in Market. # Cloud Trading # Ichimoku Cloud # Ichimoku Followers I hope you all like my analysis. Please do share your thoughts into comment section. Please give a like, share & subscribe for daily analysis.
NSE:RELIANCELong
by nikunjbhadja
2
Reliance case studyReliance 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 levels, RSI when ever weekly RSI touches levels of 60-61 it tends to make top and give sharp reversal. So as per this we can say the uptrend for counter that started around 2200 levels is about to end and as per past 2 swing history counter can give a dip to lower levels,, Bulls time to step out of party,, bears at door step.. keep watch...
NSE:RELIANCE
by RUDRA007
2
NMDC Long 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 and advisor so contact your financial advisor and make a self-decision. I will not be responsible for any profit and loss
NSE:NMDCLong
by Gaurav_Kumar01
RELIANCE - Ichimoku Bullish Breakout 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 education purpose and a helping hand to learn trading in Market. # Cloud Trading # Ichimoku Cloud # Ichimoku Followers I hope you all like my analysis. Please do share your thoughts into comment section. Please give a like, share & subscribe for daily analysis.
NSE:RELIANCELong
by nikunjbhadja
2
What can happen in Reliance ? 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 support line structure is broken with a good bearish candle . Can this lead to the down trend of the stock ? If No , then lets wait for the price to get out of consolidation zone . If Yes , then lets look how the Daily TF is performing . Daily : A perfect 100 % retracement from the Swing High level (2755) which resulted us in the formation of a perfect falling wedge channel pattern which is yet to have a breakout . Expecting the price to go further below and test the levels of 2250* and then it might make a rally . The traded volume has increased quite significantly in recent days when compare to other days and not allowing the price to fall below the 2300 levels and not allowing it to go above 2400 is a information to consider here . CAN this Breakout (if it happens ) be the retest levels(2500) for the beginning of the downtrend ? Lets wait till this end of month to get a clear view of the trend . This Wedge pattern can be mapped to Elliot wave pattern , assuming we are in the 5 wave of the downtrend before the corrective wave starts . Note : Trade what you see not what you feel . This is just view based on current market trend and pure analysis purpose . Please consult with your financial advisor before you deploy any real money for trading .
NSE:RELIANCE
by AdhiSudalaissj
2