Reliance to take the market up. GO GO GO!!!Reliance industries aiming to hit the range top again Target 2800-2850
RELIANCE
Nifty, Banknifty and top stocks analysis for tomorrow + levelsWhile Nifty recovered well from 17,200 the weakness at higher levels seems apparent. What's your view?
Intraday Reliance -2/08/2022Mark these lines on the chart
At any point the price crosses the line, take the trade in the same direction and first target would be the next line in the same direction.
If the price takes support from the line then take the trade in upward direction , if price is getting rejected from the line then take the trade in down direction. Price reaction can be checked in smaller timeframes
Please note that this is only for educational purpose, trade based on your understanding.
Nifty, Banknifty and top stocks analysis for tomorrow + levelsAutos and Reliance lift the market with Kotak Bank showing the markets its strength. Do you feel the indices could be running out of fuel?
JAMNAAUTO Wait And Watch ??
Look for Low risk, High reward, and High Probability setups-
Things to Remember while Trading with the Trend
1. Know what the trend is.
2. The best trades are made in the direction of the trend.
3. Assume that the main trendline or moving average will hold.
4. The longer the moving average is, the better it defines the trend.
5. Wait for the pullback.
6. Don’t chase the market.
7. Don’t fight the market.
8. Even in the strongest trends there should be some retracement.
9. The closer the market is to the trendline, the better the risk/reward ratio is.
10. Use ADX to determine the strength of the trend.
11. Higher the level of ADX , the stronger the trend, below 20 consider the market to be choppy
12. Hold trades longer in a strong trend.
13. Wait for confirmation of a trendline breaking before reversing position.
14. Know where the Support levels are.
15. Place stops outside the Support levels.
Thank You..
Nifty, Banknifty and top stocks analysis for tomorrow + levelsReliance and Infosys dragged the market today while Bajaj Finserv showed a stellar move on account of its earnings. So far, it seems the bearish bias looms over the market. What's your view?
Reliance Daily ChartHi Viewer,
Hope you are doing well. This is my own analysis for Reliance in 1D tf.
Levels are drawn. Please have a look.
Please Note: I am not a SEBI advisor.
Thanks.
IS RELIANCE GETTING READY FOR 400 POINTS FALL?Double Top has been formed on daily chart and Reliance looks good to sell if sustains below 2360 for the Target of 2000 - 1920.
To motivate us, Please like the idea If you agree with the analysis.
Happy Trading!
InvestPro India Team
Nifty, Banknifty and top stocks analysis for tomorrow + levelsReliance failed to impress the market with its results, causing the bears to take over the day. Do you feel the grand entrance by the bears will last? Curious to hear your thoughts too!
Nifty, Banknifty and top stocks analysis for tomorrow + levelsHDFC twins and banks helped the indices close at two-month highs, while IT stocks faced some headwinds. What are your views?
TATA STEELWait And Watch ??
Look for Low risk, High reward, and High Probability setups-
Things to Remember while Trading with the Trend
1. Know what the trend is.
2. The best trades are made in the direction of the trend.
3. Assume that the main trendline or moving average will hold.
4. The longer the moving average is, the better it defines the trend.
5. Wait for the pullback.
6. Don’t chase the market.
7. Don’t fight the market.
8. Even in the strongest trends there should be some retracement.
9. The closer the market is to the trendline, the better the risk/reward ratio is.
10. Use ADX to determine the strength of the trend.
11. Higher the level of ADX , the stronger the trend, below 20 consider the market to be choppy
12. Hold trades longer in a strong trend.
13. Wait for confirmation of a trendline breaking before reversing position.
14. Know where the Support levels are.
15. Place stops outside the Support levels.
Thank You..
Daily Analysis: Nifty and Banknifty expire above key levels!Nifty and Banknifty expired above 16,600 and 36,000 respectively. This is an important thing from a sentiment POV. Do you think this positivity will last?
reliance industries support- 2442.35
target- 2617.45
next target near supply zone
breakout after long consolidation
Nifty, Banknifty and top stocks analysis for tomorrow + levelsNifty took resistance from under 16,500 and banks failed to deliver. IT stocks were strong though. What's your view on this week's expiry?
RELIANCE 28 JULY 2022 EXPIRYAfter a great ending in DOW JONES , Indian markets should also be positive for some days.
If you have money and also want to play safe.
-1x 28JUL2022 2300PE - ₹ 20.35
+1x 28JUL2022 2240PE - ₹ 9.95
WINNING PROBABILITY-76%
ROI-7.42%
Margin(1 LOT)- ₹ 35023
MACD c/o in reliance buy reliance after crossing 200 MA
or a short target can also be made upto 200 MA
1- macd crossover
2 - high volume
3- price action & trading above support
4 - positive momentum of price and oscillators
Nifty, Banknifty and top stocks analysis for tomorrow + levelsBanks lifted the indices today and helped Nifty close above 16,300 and Banknifty above 35,700. What are your views?
HINDUSTAN PETROWait And Watch ??
Look for Low risk, High reward, and High Probability setups-
Things to Remember while Trading with the Trend
1. Know what the trend is.
2. The best trades are made in the direction of the trend.
3. Assume that the main trendline or moving average will hold.
4. The longer the moving average is, the better it defines the trend.
5. Wait for the pullback.
6. Don’t chase the market.
7. Don’t fight the market.
8. Even in the strongest trends there should be some retracement.
9. The closer the market is to the trendline, the better the risk/reward ratio is.
10. Use ADX to determine the strength of the trend.
11. Higher the level of ADX , the stronger the trend, below 20 consider the market to be choppy
12. Hold trades longer in a strong trend.
13. Wait for confirmation of a trendline breaking before reversing position.
14. Know where the Support levels are.
15. Place stops outside the Support levels.
Thank You..
HDFCWait And Watch ??
Look for Low risk, High reward, and High Probability setups-
Things to Remember while Trading with the Trend
1. Know what the trend is.
2. The best trades are made in the direction of the trend.
3. Assume that the main trendline or moving average will hold.
4. The longer the moving average is, the better it defines the trend.
5. Wait for the pullback.
6. Don’t chase the market.
7. Don’t fight the market.
8. Even in the strongest trends there should be some retracement.
9. The closer the market is to the trendline, the better the risk/reward ratio is.
10. Use ADX to determine the strength of the trend.
11. Higher the level of ADX , the stronger the trend, below 20 consider the market to be choppy
12. Hold trades longer in a strong trend.
13. Wait for confirmation of a trendline breaking before reversing position.
14. Know where the Support levels are.
15. Place stops outside the Support levels.
Thank You..
All Set to Sell Reliance IndustriesTriangle Pattern Formation seen on 4-Hourly chart, Stock is trading below 200 Days EMA. Below 2380 We may sell off in RELIANCE FUT
Reliance Keep On RadarGood to keep on the radar as it will help to decide market direction
Always respect SL & position sizing
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Trade Secrets By Pratik
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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.
