A triangle chart pattern involves price moving into a tighter and tighter range as time goes by and provides a visual display of a battle between bulls and bears. Script = Reliance Time Frame = 1 Day
Infosys is near crucial support on daily chart. We can take a swing trade here. Entry We can go long after close of strong bullish candle near support zone. Target We can keep target as the next resistance zone as marked on chart. Stoploss We can keep stoploss below the support zone. Please Like & Follow me.
Reliance Stock Analysis (Short Term)(01-03-23) 2295-2305 is Important Daily Support For Reliance and also creating a Double Bottom Near Support. If Reliance Tests Support area today and Forms a Reversal Candle in Daily Timeframe, Good Opportunity to Build Long Near 2290-2300. Stop Loss is 2275 And Targets are 2366/2384. Since a Dynamic Trendline is holding...
Reliance has formed double bottom pattern on daily chart. While the RSI is making higher low which is clear sign of RSI Bullish Divergence. Entry We can go long on open of next candle. Target Target 1: We can keep our 1st target at the nearest resistance which will also the neckline of the W pattern as marked on chart. Target 2: Once the 1st target is achieved...
Nifty and Banknifty continued their fall after a brief pause. Why did this happen and what could be next? My views in this video...
you can buy on breakout or you can sell at resistance depend on the candle both side potential avoid first 15min breakout wait for 15 min candle closing targets are marked if the breakout comes after 10:00 am then the probability of winning will be more. follow risk management do your own analysis do workout do meditation start reading books
L&T has formed Head and Shoulder Pattern on daily chart. Entry We can go short if price breakdowns below the neckline with strong bearish candle. Target We can keep target near the next support zone as marked on chart. Stoploss We can keep stoploss above the neckline. Please like and follow me.
Reliance has been respecting the downward sloping trend line . Ideally it should go towards 2290 to grab the liquidity over there & re-test the trend line again. if the re-test fails to break the trend line then we can see a sharp 100 point drop towards the next liquidity point. P.S: this view is negated if Reliance breaks the downward sloping trend line .
The indices have sold off with Nifty approaching the 200 DMA level. What's next? Here are my views...
BPCL has given breakdown below the support zone on daily chart. Entry We can go short on next candle. Target We can keep target as the next support zone as marked on chart. Stoploss We can keep the stoploss above the support zone. Please like and follow me 🙏🏻
both side potential you can buy on breakout or you can sell at resistance avoid first 15min breakout wait for 15 min candle closing targets are marked if the breakout comes after 10:00 am then the probability of winning will be more. follow risk management do your own analysis do workout do meditation start reading books
Crossing below 2410 will lead the way down to 2370 / 2350 / 2329
Nifty has closed below 17,600 and Banknifty below 40,000. Here are my views on what's next for the indices...
2400 round levels support + flag and pole pattern trading setup for intraday just ready to buy trade okh
Reliance - As shared earlier in previous analysis, Reliance is getting ready ...so positional shorts in index needs to be careful If My reading is right, we already have a MCB in option chart of Reliance 2500CE...
Reliance on weekly charts have made a very good price action, with a morning star formation on weekly charts and demand & supply confluence zone. Also the pattern has formed at an important support trendline which has historically in past acted as resistance before Covid, after that once it broke out of it, this trendline has acted as support in past few times....
Must cross 2463 and then subsequently 2503 for a target towards 2524
Reliance Industries Stock Analysis Reliance Industries Stock created a Double Bottom in Daily & Hourly Timeframe and also trading at Important Weekly Support. 2310-2325 is a good Buy Level with 2295 as Stop Loss. Targets are 2387/2450/2469.