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RELIANCE

Reliance ready for the uptrend!🤩💸🔥Buy Reliance for Positional Trading as well as Investment.💸🔥💸 What's your view ???🧐🤔🧐 . 💡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. . ✅Both Technically and Fundamentally strong stock.💪💪 The company recently posted the best Q3 Result. . ❇️The stock had given a breakout of the 1-year long resistance in Sept 2021 post that it was in retracement phase from mid-Oct 2021 till now. Now coming in Daily uptrend too, we can expect a strong uptrend from here. . 💎@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. . Like, Comment & Share 😄😄😄
NSE:RELIANCELong
by technofunda_trader
Simple Safe Trade Setup | Reliance | 18-01-2022 [INTRADAY]NSE:RELIANCE Trade Setup for 18-01-2022 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.
NSE:RELIANCE
by Trading_hawk
2
Reliance Industries Ltd. BuyReliance Industries Ltd is India`s largest private sector enterprise, with businesses in the energy and materials value chain. The company works under different business segments CMP: 2539 Target: 2600-2700 Reliance Buy at dip. Now Good Support on 2477. Given Day Breakout 2499. Now seen big move. If you think information is useful please comment and follow for Daily Updates. Feel free to share your feedback and queries. If you want to know about your stock please mention in comment.
NSE:RELIANCELong
by vahabsheikh
Reliance Long opportunityNSE:RELIANCE Stock - Reliance TimeFrame - Daily Hello all! Reliance has been following a trendline since March 2020. It came back to its lower trendline, took support, consolidated for a while, and bounced back. It also broke its previous swing high with healthy volumes. This generates an opportunity to go long! Besides Price action, Reliance also has support from its 50 day EMA. The Risk is pretty small which makes for a good Reward to Risk Ratio. *NOT A CALL*
NSE:RELIANCELong
by Traders_Town
Nifty ends above 18200, Bank Nifty held back by HDFC BankNIFTY 50 EOD ANALYSIS 12-1-22 In this post, I talk about the analysis for the day and the trading range for tomorrow. The video discusses with the help of the charts how the indices as well as leading stocks performed during the day and their likely play tomorrow. O 18170.40 H 18227.95 L 18128.80 C 18212.35 EOD +156.60 points / +0.87% SGX Nifty 12-1-22 @ 1915h = +77 FII DII = +330 Crores CHART BASED CONCLUSIONS using 5 Minutes Chart Nifty opened with a 100+ point gap up and wobbled a bit but then made steady progress throughout the day with some choppiness. The leading scrips of Nifty as well as Bank Nifty,were quite volatile which made it hard for the indices to move up consistently. Nifty managed to close above 18200 with a slight drop in the India Vix. The indices have made higher highs and higher lows. NIFTY WEIGHT LIFTERS & DRAGGERS Top 5 Lifters contributed = 109 Top 5 Draggers contributed = 34 Net = +75 BANK NIFTY WEIGHT LIFTERS & DRAGGERS Top 3 Lifters contributed = 289 Top 3 Draggers contributed = 94 Net = +189 POSITIVES Reliance, ICICI Bank, Infosys, and Kotak Bank helped the indices rally. Reliance closed above 2500. NEGATIVES Underperformance by HDFC Bank and TCS. HDFC was unable to sustain above 2750 and went sideways. FIIs are back in sell mode with 1,002 Crores. TRADING RANGE FOR 13 JAN 22 Nifty support = 17800-17900 Nifty resistance = 18250-300-400 Bank Nifty Support = 37200-500 Bank Nifty resistance = 38800-900-39000-39200 INSIGHTS / OBSERVATIONS Nifty OHLC was above 18100 - in fact, above 18100. The last time it happened was on 15-11-21, so it took almost 2 months for the Index to circle back. Any move upwards from here would mean resumption of the uptrend which was given up from 16-11-21. And Bank Nifty made another day in a row above 38000 as far its OHLC levels are concerned. Today’s low was 38600+ so it is a very good sign. However, when looking at a granular level, Bank Nifty could manage to close 8 points above the opening price level. Bank Nifty moved in a narrow range drifting on the downside. HDFC Bank held it back forcibly as it came down 1%+ from the day high. TCS was very nervous ahead of its results so its reaction to the results is going to be quite interesting in the opening hour. I think after a long time 3 IT companies from Nifty 50 would see the market reaction on the same day following the release of its quarterly results. So Nifty may go all over and the moves could be wild and volatile. What do you feel about this? Here is the link to the video: youtu.be Thank you, and Happy Money Making! Umesh 12-1-22 Not SEBI registered The post is for educational & informational purposes only. ---
NSE:NIFTY
by AVENUESOFINVESTMENT
2