Reliance is forming ascending channel & has clear formation to the downside to reach at 1830
Technical 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.
On 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 Bank trading in triangle range. It faced Major resistance 64. if correction exist it may test 35 soon as per tringle pattern.
Reliance: the heavyweight counter is trading in a tight range with support can be seen at 2250 areas while hurdles at 280-2410 zones the counter need to surpass this range for any effective trade however good for option strategies like IRON FLY, IRON CONDOR, STRADDLE SHORT with a hedge, and calender strategy as well
NSE:RELIANCE is taking some resistance at 2350 levels. If this levels is taken up then upside would be quick and at least 50 points gain can be seen. 2290 should work as support now.
Reliance Stock Analysis(Short term Swing) Reliance Stock created a Double Bottom near 2180 in Daily/Hourly Timeframes. Good opportunity to build a long near 2210-2220 for the Targets of 2290/2315/2365. Stop Loss is 2180. Above 2290, XABCD Activates and the move of stock will be fast.
Name- RELIANCE Trading Style- Positional Strategy- Trendline Breakout + Daily Closing Timeframe- Daily Chart Buy Above Breakout Candle High Stoploss Below Breakout Candle Low Target Should be 1:2 Note: All the details are provided on the chart itself Check updates regularly regarding this trade idea
please keep this chart on your watchlist 600 is very near. educational purpose only not investment advice.
Demand zone as per previous swing high and low Support as per ascending trend line Descending parallel channel support Confluence of all support zone at same point.
Reliance is forming deep cra harmonic pattern near 2180-2190 zone.. can go long after a bullish candle.. Targets 2280 2335 Stop loss 2160 2140
Reliance is trading near it's support zone and expecting a bounce from this zone towards marked target on the chart. To motivate us, Please like the idea If you agree with the analysis. Happy Trading! InvestPro India Team
RELIANCE breaking out from double bottom good volume breaking 20ema target can be 2450 educational idea only
Gartley Harmonic Pattern has activated in Reliance in 2H timeframe. Potential Reversal Zone according to the said structure appears in the zone of 2366-90. Let's see.
After long time the stock has come near lower range of BB. It may be bought with small quantity if purchased for trading. Otherwise it is good level for long term accumulation. 1750 can be kept as SL for long term investor. Long term means more than 3 years minimum. For trading buy small quantity with 3% SL. If turns favorable then add else take SL
Stock bounced back from its demand zone or say crucial support in weekly TF, watch out level for further trade.
current Trend: Double Bottom with morning star formation (need to wait it end of week for confirmation) Two possibility: 1) reverse from this trend line support (it consider as false break out from parallel channel and has high chance to reach top of parallel channel(ST as of now) 2) if it breaks(major trend line is broken) it has protentional to reach 2000...
#Reliance downtrend movement with risk:reward 4 Symbol: Reliance Time frame :4-hours chart Analysis breakout from the symmetrical Triangle Downtrend Movement Checked the conditions for moving average, RSI and volume Sell at 2196 with this stop loss 2295 and target 1830 HOPE our analysis is adding value to your Stock market trading Journey. NOTE: ...