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RELIANCE

CNXEnergy Nifty EnergyCNXEnergy will be an absolute avoid from a long perspective. One can see that the RSI is losing a lot of strength and the index is unable to make higher highs. We have witnessed this kind of pattern during 2018,2019 and we all know what happened in 2020. It can dupe by a small movement but one need to observe if the index is unable to make a higher high then it will become problematic for the index. The index contains Reliance Industries Ltd. 33.82 Adani Transmission Ltd. 12.35 NTPC Ltd. 10.88 Power Grid Corporation of India Ltd. 10.31 Adani Green Energy Ltd. 10.13 Oil & Natural Gas Corporation Ltd. 6.91 Tata Power Co. Ltd. 5.06 Bharat Petroleum Corporation Ltd. 3.83 Indian Oil Corporation Ltd. 3.44 GAIL (India) Ltd. 3.25 I would absolutely avoid the above stocks as I am not seeing any great gains from long point of view. Disclaimer - Please DYOR, Don't take any market positions based on my analysis.
NSE:CNXENERGYShort
by Cryptified_Soul
1
Reliance case studyPrice action study on reliance 240 mins chart, from last 2 trading sessions counter is giving weak signals, rally started around 2300 levels in counter to level of 2640 counter is trading in ascending parallel channel structure and maintaining its posture around higher end of the structure,, now in last 2 sessions counter is giving reversal signals, bearish divergence on RSI with respect to price, resistance of major descending parallel channel around 2640 RSI indicator have already given breakdown from ascending trend line support, Now onwards any rally till levels of 2620-2630 should be used to exit your long position, view gets negated above 2671 levels on daiy closing basis, which means fresh investments only above 2671 levels, down side on counter breaks levels of 2583 decisively, counter will face heat of selling pressure which would lead to lower levels of 2520-2490-2450,, Time to be cautious on your investments in this counter, fresh investor should wait for counter to break above 2671 levels or retrace till 2450 levels than enter the trade. Choice is yours.
NSE:RELIANCE
by RUDRA007
3
NIFTY BANKNIFTY and other sector analysis NSE:NIFTY NSE:BANKNIFTY NSE:CNXIT NSE:CNXMETAL NSE:CNXINFRA NSE:CNXMEDIA NSE:RELIANCE NSE:TCS NSE:MINDTREE NSE:KOTAKBANK NSE:AXISBANK Good to keep on the radar Always respect SL & position sizing ======================== Trade Secrets By Pratik ======================== Disclaimer SEBI UNREGISTERED This is our personal view and this analysis is only for educational purposes Please consult your advisor before investing or trading You are solely responsible for any decisions you take on basis of our research.
NSE:NIFTYLong
by Trade_Secrets_By_Pratik
RELIANCE - Available @ great Risk : Reward (Swing Trade)The analysis is done on daily TF hence price may take days to a few weeks in order to reach the targets. Trade setup is explained in image itself. At this position, one can get great Risk : Reward as the SL is quite low as compared to Targets. The above analysis is purely for educational purpose. Traders must do their own study & follow risk management before entering into any trade Checkout my other ideas to understand how one can earn from stock markets with simple trade setups. Feel Free to comment below this or connect with me for any query or suggestion regarding this stock or Price Action Analysis.
NSE:RELIANCELong
by TradewithAditya