BUY WHIRLPOOL OF INDIATargets are mentioned in the chart. But for long term investing. Company financials looks good. Profit down during Covid period, now gets increasing. Coffee can stock.
RELIANCE
short reliance for 2400 zone,NSE:RELIANCE reliance has fallen from major sell zone, if opens below/breaks today's low then can hit 2400 zone, more downfall if breks below 2405 which is last support level
Buy RelianceTarget : 3000
Long on reliance industries for medium term gains.
Stocks can be bought for this price.
2800 first target.
Reliance Ready for 2650 and 2750Reliance after consolidatiing made Inverted Head and Shoulders. Can see 2650 and 2750
reliance industries immediate hurdle 2495-2500#reliance immediate hurdle 2495 -2500 (astro level).. above that 2585
if sustains above this level than more upsides..
Reliance Ready for 2750+ in next 50 daysRELIANCE is looking good on Daily & Weekly Charts & can move up 9% in coming 50 days.
LTP - 2486
SL - 2400
Targets 2750+
Time Frame 2 Months / 50 days.
Risk Rewards - 1:4
Nifty Futures Levels 18th May 2023Data suggests a Sideways Market for 18th. So would be looking to short incase I find a rejection with confirmation at any of the resistance levels shown. The opening of the trade would suggest the course of action. 18100 is a strong support and a break of that may give a good downward movement. Need to keep a watch on any addition in put or call writing during the course of the day. Accordingly one can make a strategy to play out this expiry.
RELIANCE to Dip via Inverted Cup & Handle ??!!Chart patterns look good for a short trade in Reliance industries
REASONS
1. RELIANCE has been trading inside an Ascending Channel and currently it is down under its Downswing move inside the channel
2. There is a Monthly breakdown (shown in chart) out of a 5 year old trendline support
Monthly timeframe chart below -
3. In weekly chart shown below, we can clearly witness lower high and lower low formed recently confirming Bearishness!!
4. In daily timeframe , it is trading in the form of an Inverted Cup & Handle and its due for Breakdown!!
5. Target levels mentioned as Horizontal dashed green lines
6. SL can be day candle closing out of the purple slanting trendline
7. Safe Entry can be after 2hr Breakdown out of the Inverted cup & handle pattern.
Let's wait & watch, how it moves!!!
NOTE - Just Sharing my View....not a tip nor advice!!!!
RELIANCE trade planReliance industries is looking good for a short from current price for a short term duration(need good breakdown retest on daily time frame else invalid) , towards targets of 2350-2340 levels which is a major support zones , and a positional long can be considered from same levels with small SL of 3-4% and potential bigger reward on the upside
RELIANCEIs RELIANCE INDUSTries ready for another major rally on the upside , RR looking great with downisde risk of just 3-4% , if idea goes right reward can even be 30%
RELIANCE chart studyReliance spot cmp 2497
Elliot wave study
60 Mins time frame.
Counter is on verge to mature its impulse phase, currently counter is in 5 th wave,
ending diagonal formation in wave 5 and final leg of ending diagonal can mature any time, one reversal confirmation from price action would give first indication of reversal in trend,
Once reversal is confirmed , corrective phase might unfold which would lead counter to much lower levels,
Bearish divergence on RSI and MACD with respect to price, indicate weakness in trend ahead.
Levels of 2495-2520 would act as strong resistance.
Counter need to cool off to resolve divergence of indicator and also to adjust the wave of elliott.
Bulls time to be cautious at current price , wait for good retracement to re enter in this counter.
Keep watch.
Reliance 2180 could be decade Low. Reliance after a 5 Wave Rise from covid bottom has completed a double Zig-Zag as WxY & now starting a new impulse which indicates new records could be set by this company in next 2 years Ril can cross 5000 levels investors can go long with SL at 2180.
I am not a SEBI registered analyst please consult your advisor before investing chart shared for education purpose only.
Entrap ?2241 if break on or before 27th March then we are going down heavy
Near floor is at 1895 (10th May 2023)
Disclaimer:
It's a personal view not a financial advise and I assume no responsibility and liability whatever outcome arises
RELIANCE --BUILDING STRENGTH RELIANCE --DAILY CHART --SETUP
TECHNCIAL OBSERVATION
1. Reliance seen pullback at 2200 sub level after fall from 2700 sub level
2. short term resistance 2300 cross recently and stop trading 2340 level at present
3. 2300 will work as strong support now , above 2350 daily trendline breakout level , Entry can initiate 2300-2350 level for target 2400-2500-2600 short term
Positional ( 1-3 ) month , stop loss place bellow trendline at 2180
4. CCI Seen given bullish divergence , CCI ema crossover seen and CCI above center line
5. Stock trading above 24,35,50 HMA
**THIS IDEA IS FOR EDUCATIONAL PURPOSE .. Trade at own risk !
HAPPY TRADING .!!
RELIANCE - INVERTED HEAD AND SHOULDER'S PATTTEN - 2 HRReliance is showing a bullish crossover of 20 EMA and 200 EMA from below. RSI 78 indicating high momentum with rising volumes. However below 2325 it will be weak. The target as per height of the pattern come at 2639 but it may face resistance at 2491
B-nifty gives Breakout B-nifty gives Breakout of trendline. Chart also seems bullish. it may test 43000 soon.
Reliance Industries : Updated ViewCHeck RIL Day chart...King of Indian stock market...Nifty cannot move without RIL
disc : for educational purpose
Reliance looking on Up trend for next 3 MonthsReliance is looking good Buy from current Levels for coming 3 Months. Possibility of Gap up opening on Monday.
Early to Predict but Inverse H & S getting formed on Daily charts & Long Term targets will be above 3200-3300 in coming Years.
RELIANCE - Expecting a movement to the downsideReliance is forming ascending channel & has clear formation to the downside to reach at 1830
Reliance : Flag CodeTechnical Analysis :
Strength : Weak
Chart Type: Daily
Chart Pattern : Bullish Flag
RSI : Above 50
Price is above 20 DMA and Below 200 DMA
Expected target : 2360, 2400
Expected Support: 2277
The new expected Targets would be 2300, 2325, and 2350 if the stock reaches the support level before the current targets.
Reliance weekly chart saying somethingOn the weekly time frame then stock is making hanging man pattern from last 2 weeks which is a negative sign of price action.
I am looking for correcting in the script till 2051 that will be value buying zone.
Closing above 2400 on weekly basis will open up more up side target.
IDFC first BankIDFC first Bank trading in triangle range. It faced Major resistance 64. if correction exist it may test 35 soon as per tringle pattern.
