RELIANCE
Reliance out of Darvas BoxReliance out of Darvas box
Buy above 2460 break
let it retest
MACD looks positive buy
RELIANCE FORMING A TRIANGLE PATTERNreliance firming a descending triangle pattern with lower highs but not lower lows .
Reliance ready for the uptrend!🤩💸🔥Buy Reliance for Positional Trading as well as Investment.💸🔥💸
Comment your views‼️😄
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💡About Company:
Reliance Industries is one of India’s biggest conglomerates with a presence in oil refining & marketing and petrochemicals, oil & gas exploration, retail, digital services and media, etc making it a well-diversified business entity.
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💡Future View:
Reliance Jio raised its prepaid tariffs by ~20% across the board, albeit maintaining the popular packs pricing at 7-14% discount to peers.
RIL’s consumer business will be the growth driver, going ahead.
The company has a strong balance sheet post fundraising while its traditional business will continue to generate steady cash flows.
Increment value will be unlocked from the ‘digital ecosystem’ that will be captured at the Jio Platforms (JPL) level.
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✅Both Technically and Fundamentally strong stock.💪💪
The company recently posted the best Q3 Result.
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❇️The stock had given a breakout of the 1-year long resistance in Sept 2021 post that it is in retracement phase from mid-Oct 2021. Heavy demand near major support indicates that we can expect a strong uptrend from here.
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💎@technofunda_trader
Few Important rules from my Trading Philosophy:
Don't compromise on the quality of stock.
2. Buy right, Sit tight- Only sell in loss if the fundamentals deteriorate, problems arise in management or any other similar issues.
3. Don't invest more than 5-10% in any stock & more than 25% in any particular or related sector.
4. Build position gradually as the stock rises.
5. Trade in the direction of the bigger trend.
6. Ride the trend, don't sell your winners early.
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Like, Comment & Share 😄😄😄
Buy RelianceAccording to chart anylasis in last session give good breakout at 2400 levels. So buy @2400 or above for target 2450-2500++ very good to buy on every dips.
Reliance IndustriesSo far weekly QM acting a strong support level and today's price action created gap down, hence before price go further down, i'm expecting the gap to fill first, so we may expect small retracement to upside then fall which may break the weekly QM level. always look for the LTF BOS before taking any trade to any side.
Reliance - Trend & Levels for 14 Feb 2022Reliance Trade Plan and Levels for Tomorrow..
Trade easily with BUY / SELL Signals...
We can expect Market to Open Gap Down tomorrow. As per technical its BEARISH Trend and the Sentiment is little bit POSITIVE.
If opens Flat, CPR will be key resistance to go Short. If trend line breaks on the lower side we can expect Reliance to touch 2334.
Next support for BN is 2330 Virgin CPR zone.
You can refer the chart for Resistance and Support levels.
Happy Trading!!! :-)
Disclaimer : The idea is purely for Knowledge sharing purpose. Do your own analysis and consult your finance advisor before taking any trade. I'm not responsible for any of your profit / losses.
Please do like and support for more Ideas! Comment if you need any specific stock/index analysis
Reliance IndustriesSwing trading idea for Reliance industries, i'm looking for Buys first and Sell from Weekly supply zone, look for the proper break of structure in Lower time frame before even buy or sell from the levels
Reliance- Trendline breakoutDate - 09.02.2022
Reliance
It has formed a bullish candle on previous support level. It has also broken the trend line so, if today it closes in green candle we may expect a bullish trend in coming days.
CMP - 2367
Target - 2410, 2457, 2500
Sl - 2300
RELIANCE SWING TRADEAs we see RELIANCE is on very good support from its trendline and 200ema (AREA OF CONFLUENCE).We can go long by keeping our stoploss below 200ema. Targets are mentioned in the chart itself.
Simple Trade Setup | RELIANCE | 09-02-2022 [INTRADAY]NSE:RELIANCE
Trade Setup for 09-02-2022
1) Don't Jump in to trade at the beginning of the market. Let it get settle for 15-20min first and judge the price action.
2) Everything is mentioned on the chart. I hope it is easy to understand.
3) All the levels will work as support, resistance, entry and exit w.r.t price action near that level.
4) Avoid gap up or gap down chase. Wait and trade between levels.
Please refer below chart for levels.
Hope I made it easy to understand it.
Do comment your doubt or suggestion.
Note: Trade with Strict SL. It may or may not hit all the levels. So one can book profit / loss at respective level considering how price action works near that level.
RELIANCEINFRA FOR LONG1. Breakout
2. Go long as per your risk & reward
3. Make a tight sl
4. Entry should be todays high
RELIANCE TOOK SUPPORT AND REVERSED - SWING TRADE OPPORTUNITYNSE:RELIANCE Has took support at 7 months old trendline, It can boost from hare for its previous high of 2560 as marked in the chart with red dotted line. You can add this to your portfolio for Swing trade For period of almost 2-3 months. If Budget 2022 will give positive view it can complete the target within a month or two Risk Reward ratio is also impressive. I have already made my position in it.
BUY - 2390
SL - 2305 , 2240
TARGET - 2560 & 2750
LIKE | SHARE | COMMENT
#BANKNIFTY BY @ayushsaini0123#We will make only profit.
#I will Tell you full trade in my last Video.
# I Don't Have Any Information to tell you to buy PE Above 37700.
#If you need any help comment or message me.
reliance long swingreliance long swing on 1 day time frame 200 near 1 big green candle start new long rally.
Simple Trade Setup | RELIANCE | 28-01-2022 [INTRADAY]NSE:RELIANCE
Observations:
1) On 1 day time frame, it tested 200 EMA 2nd time today. 200EMA is working as support at this moment.
On daily chart it made doji candle. If it trades above today's high then we can look for long trade. And if it starts to trade below today's low then it will be short trade.
Please refer below chart : 1day Time Frame.
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Trade Setup for 28-01-2022
1) Don't Jump in to trade at the beginning of the market. Let it get settle for 15-20min first and judge the price action.
2) Everything is mentioned on the chart. I hope it is easy to understand.
3) All the levels will work as support, resistance, entry and exit w.r.t price action near that level.
4) Avoid gap up or gap down chase. Wait and trade between levels.
Please refer below chart for levels.
Hope I made it easy to understand it.
Do comment your doubt or suggestion.
Note: Trade with Strict SL. It may or may not hit all the levels. So one can book profit / loss at respective level considering how price action works near that level.
Reliance AnalysisChart depicts a major swing at 2350 , if it breaks 2350 , you can chase it till 2369 and further it has various resistances as marked in chart.
Classic Example of Resistance became SupportCHART -> RELIANCE WEEKLY SETUP
As seen per the chart we are seeing a range of 2250 to 2325, was a previous resistance for Reliance and after the Breakout has been done, now in this correction that range is acting as it's support.
This for educational purpose only.
Disclaimer: This is for educational purpose only. This is not any recommendations. I am not SEBI registered. Please consult your financial advisor before taking any action.
