RELIANCE Weekly GANN S/R LEVELSRELIANCE next week's support an resistance levels according to Gann price square where reliance can take supp and face resistance in coming week
RELIANCE
RELIANCE WIDE BULLISH DIVERSIONRELIANCE at present time formed a wide bullish diversion where price is up but at the same time RSI is less than then the previous RSI
as mention on the chart bullish wide diversion is formed between important candle 1 and 2
rest of the details are mentioned on the chart notes
Reliance at SupportReliance in Channel and on Support Now. If channel breaks then more fall on cards or else reversal can happen.
RELIANCE: What's Next?After a news based fall, stock broke & closed below the long standing Weekly Support Line. News based falls don't last much and next support of 2300-2330 is near, that may hold. Problem only if it breaks, then we may see another 200-250 Points fall.
Reliance industries Due to negative news price has fallen very much which is unexpected.
And as I discussed in previous chart I also give the support and bounce back exact from same level.
But this bounce back is for short term.
Reliance Elliot Wave Fove Fast Before its tooo lateIf Breaks Then The Targets could be Taken at 2580 .
Time Frame :- 1 Hour
Patterns Name :- Elliott Wave
Symbol Name :- Reliance
Comment Below If You want to ask me questions on this on any other idea .
Based on Your Own Risk this is only to Show you the Current Pattern .
We are not responsible for any profit or loss .
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Reliance Educational purpose only
Reliance Ind remains weak and in the sell zone. It could be the reason Nifty may not be able to soar.
Reliance is trading below the Pivot in the hourly chart. Pivot is at 2525 levels (approx) and bull will only enter one this level is breached and trading sustains above it which looks a little difficult at this point in time.
Weekly PCR is at around 0.89 which cannot be considered good though it is not all that bad either.
I think sell on rise should be a good strategy in Reliance
Reliance Levels to BuyLevels to Buy if it gets there for Reliance. Larger Range PoC is the lowest target. Also important to keep note of the Fib Channel that has been respected very well in the past.
Reliance Chart analysisOn daily candle we can see Bullish Harami candle.
Unfilled Gap we can see @ 2701
Symmetric triangle we can see.
I will add more Qnty once it cross @2594.35
reliance industriestrend line support break in previous session.
big and clearly m formation in d1 time frame.
ready to touch next near support
rsi and macd also in negative trend
wait for reversal confirmation then invest.
Note: This is not for trading purpose, i only provide for swing and investment purpose.
Reliance - can the weakness continue? After the falling wedge breakout I posted earlier
Will reliance take support on the trend-line or break it?
Will it take nifty to lower levels along with it.
Can be weak after a close below 2400
Stay tuned
RELIANCE NEAR SUPPORT | WILL IT BREAK?Reliance is trading near yellow support line, it has taken support from these levels in the recent past. Let's see if it breaks this time or takes a bounce.
Both side levels are marked on the chart with white lines.
To motivate us, Please like the idea If you agree with the analysis.
Happy Trading!
InvestPro India Team
RELIANCE RELIANCE on major support. Breaking of today's low may fetch it up to 2220-2250 levels. Today's low will be SL. V good Risk-Reward for long.
Nifty and BankNifty trade study | 1 Swing and 5 Intraday trades
I daily make educational videos on Financial markets
RELIANCE Descending triangleNSE:RELIANCE
#NSE:RELIANCE updated chart, reliance chart shared with our friends and it worked really well,
further levels marked on chart for practice.
Happy LEarning !!
Reliance Chart as per Elliott Wave TheoryReliance chart has been analyzed as per Elliott Wave Theory . Here what we can see is NSE:RELIANCE is going to make a fall in the higher time frame.
Any query is welcome.
Nifty Spot Weekly Outlook for Jun20 -Jun 24thFalcon Analytics Outlook Nifty 50 for the Expiry week ( Jun 20 – June 24 )
Last Weekly Nifty witness selling pressure below 16057 , while the pivot for the week @ 16327 was not breached on upside.
Technically for this week on the daily charts we see minor support on the downside for Nifty50 index lies at 15185 levels,
whereas minor resistance on the upside is capped around 15722 levels.
If Nifty50 index breaches minor support on the downside and closes below it, we may see fresh break down and index can drag towards major supports on lower side around 15019/14751 and and if breaches minor resistance on the upside and closes above it, we may see fresh breakout and index can head towards higher levels around 15888/16157 .
Currently Nifty50 index is trading Below Red Line 200 day EMA @ 16673 suggests long term trend is Bearish .
Range for the week is seen from 14751 on downside and 15888 on upside.
Weekly Chart Suggest closing below 15100 Downward Momentum can be fast.
Below Mentioned Spot Levels can be used to trade Long Or Short during the week ahead.
( All Spot Levels)
RESISTANCE 4: 16425
RESISTANCE 3: 16157
RESISTANCE 2: 15888
RESISTANCE 1: 15722
WEEKLY PIVOT LEVELS: 15454
SUPPORT 1: 15185
SUPPORT 2: 15019
SUPPORT 3: 14751
SUPPORT 4: 14482
All above views for education purpose only.
Regards,
MD .
Reliance target monthlyIf it breaks 2500 level, can see 2300 coming nextwhere it finds its ema20,which is a very good point to bounce, also abest entry to buy however can start SIP on each falling level as anytime on monthly if it closes above 2800 also breaks red channel shown in chart then Reliance can see 4000 level as per blue channel level target.
Reliance Weekly chartOn the weekly time frame the stock is trading within raising wedge pattern and as long as the pattern is holding it will keep bouncing from lower support.
Breaking below the lower support line will trigger selling and 8 to 10% correction is possible in the stock.
Reliance Intraday SetupsIntraday setups for reliance India.
Trade as per the setups not as per level metioned...
This is not a suggestion only for education trade as per your own risk.
STAR Ascending triangle !!NSE:STAR
#NSE:STAR 310 & 330 CE bagged handsome profits of 15k/lot today and formed beautiful ascending triangle.
BO Reisistance and sustainability may show good upside momentum,
BD trendline support levels marked for caution.
Happy LEarning
