B-nifty gives Breakout B-nifty gives Breakout of trendline. Chart also seems bullish. it may test 43000 soon.
RELIANCE
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.
RELIANCE can be good for income option strategiesReliance: 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
RELIANCE is looking good to meNSE: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 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.
RELIANCE BUY ( Positional Trade Idea )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
kabra extrusion bounced good.please keep this chart on your watchlist 600 is very near.
educational purpose only not investment advice.
Reliance case studyDemand 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 Deep Crab HarmonicReliance is forming deep cra harmonic pattern near 2180-2190 zone.. can go long after a bullish candle.. Targets 2280 2335
Stop loss 2160 2140
BUY RELIANCE | RISK REWARD LOOKS GOODReliance 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 DOUBLE BOTTOM BREAKOUTRELIANCE breaking out from double bottom
good volume breaking 20ema
target can be 2450
educational idea only
RelianceGartley 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.
RelianceAfter 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
#Reliance Price Action Analysis Stock bounced back from its demand zone or say crucial support in weekly TF, watch out level for further trade.
Reliance weekly TF analysis (March 29)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 level
Indicator:
1) 35 RSI is reversal point for Reliance in long term basics
2) MACD -Slight weakness found in histogram
#Reliance downtrend movement with risk:reward 4#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: Published Ideas are for ‘’EDUCATIONAL PURPOSE ONLY’’ trade at your own risk.
NOTE: RESPECT The risk. SL should not be more than 2% of the capital.
Happy Trading
#stockmarket, #sensex, #bse, #sharemarket, #nse #reliance
RELIANCE 🚀You can go with long Expected target 2365 and 2422.
Note : This is just for Backtesting and Educational Purpose Only.
