RELIANCEReliance is at interesting levels. Do keep an eye on it for any long side breakouts.
Happy Trading :)
Disc: Chart posted only for learning purpose.v
RELIANCE
Reliance Chart analysis | Make or break levelPrice & Volume relationship:
-----------------------------------
Price goes up but Volume goes down these means not a good time to invest.
Look closely at the "W" pattern forms which means if the neckline is broken then do not be in hurry, Watch out for Volume & OI & then Boom Boom !!!
Nifty, Banknifty and top stocks analysis for tomorrow + levelsWill 18k hold? That seems to be the hottest question on the minds of everyone today. Here's my view on the same :)
Reliance , Triangular Breakout , Ready To Move Up Reliance , Triangular Breakout , Ready To Move Up NSE:RELIANCE
Verdict::
Volume Higher
Indicators Strongly Bullish
T1 2562 T2 2635
SL 2492
If Reliance Moves up , Nifty Will Follow
Note:: Look for 2550 Level in Reliance , It Can Give Resistance
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.
Reliance bearish harmonic pattern Below 2540 this is sideway or bearish
Any price action down sell opportunity
Reliance near upcoming resistance? Short term target 2575-2600!!It looks like the Reliance consolidation channel will act as a resistance, I would only go long above 2667, if it manages to break it convincingly.!! NSE:RELIANCE
Reliance Industries Limited - Long TradeReliance taking support at two year long channel. RSI also taking support near 40 levels.
Holding horizon - 6-7 months.
Targets - Around 3100
Stop Loss - 2200
This is a setup with good risk reward. I will prefer a covered call (stock in cash with shorted OTM call) in case IV rise, else plain vanilla cash stock.
Please Note - This is not a trading advise, only for informational purposes.
Nifty marking analysis only for learningNifty important marks you can use it . Please check the accuracy of the marking .
Red one are mark in 1 hour time frame and BLUE one are 15 minute timeframe marking .
How line work?
The red and blue line are working as an support and resistance. Please trade with stoploss .
If you want more please name the stock name in comment box.
Thanks
Reliance Chart analysis | Result DayReliance Chart analysis
Wait for perfect time to buy / short at right time
levels provided....
Gaps we can see as well....
@reliance may continue to stay range boundreliance may continue to stay range bound, could be a great buy if it comes in the range of 2250-2300.
nifty weekly range for next weekSupply and demand zone of nifty for next week.,., option sellers range and Options buyers entry and exit ranges
RELIANCE testing its All Time High
*Reliance getting rejection from its All Time High (2850 levels)
*Impulse down move from its ATH & looks like its it correction phase.
*Selling pressure can be observed once it breakdown its current trendline.
REMEMBER: Perfectly timed entry and exit will give maximum R:R.
Reliance: Near Support level from Long term perspectiveReliance
We are looking at weekly chart of Reliance Industries
- Between July 2018 - May 2020, we observe Reliance trading in 3 red downtrend channel boxes of similar time horizon
- In June 2020 , we see Reliance giving a strong breakout above the red trendline
- thereafter we have seen Reliance trading in 2 parallel yellow boxes
Given the chart pattern,
Accumulate Reliance at current levels and on dips towards 2240
Target 3500 odd levels
Reward potential 50%
Pattern gets invalidated if it closes below the red trendline on a weekly closing basis
Risk 5%
Risk::Reward ratio looks good to go long from medium to long term perspective
Take care & safe trading....!!!
For more such ideas
Like and Follow
Disclaimer
- The view expressed here is my personal view
- Past performance is not a guarantee for future predictions
- I have been wrong in the past and can be wrong again in future too
- Use this for educational purpose
- Any decision you take, you need to take responsibility for the same
- It's your hard earned money. Treat it wisely
- Trade / Invest keeping in mind your trading style, goals and objectives, time horizon & risk tolerance
- if trading in F&O, understand that F&O trading involves risk
- Do take proper risk management measures
- Do your own analysis and consult your financial adviser if need be
Nifty Crash or rasie..........Nifty intraday levels for the upcoming week,,,,,,,,,
Kindly long or short only at support and resistances.,.,.
dont be aggressive on longside.,.,
Reliance Bearish formation#reliance is forming HnS which bearish formation
If closes at day low it can be sold with 2400 as SL CMP 2342
Reliance: Channel Break DownNSE:RELIANCE
1. Long term channel B/D taken place
2. Sell on rise towards 2,440
3. TGT 1950 - 1800 (Mirror move - as drawn on the chart)
waiting for a direction it will give a breakout soon I am open to both sides as reliance will decide our markets will breakout in that direction only
most likely on the upside
RELIANCE SELL NOWDon't miss the great SELL opportunity in RELIANCE NOW:
Wait for retracement then sell..
Entry: 2460
SL : 2479
TP1: 2403
TP2: 2369
RR Ration: 1:5 Reward
