RELIANCE
RELIANCE - LONG1. Formed Symmetric triangle
2. Breakout from triangle.
3. Retest done.
4. Major breakout
5. Retest done at heading to previous ATH.
Entry: 2440
SL : 2300 (weekly closing basis)
Target: 2700
Also NIFTY ENERGY at support levels. Chart link attached below.
RELIANCE a good medium term betShows signs of short term trend reversal (bearish to bullish), and continuation of long term trend of bullish
1) Took support on 200 Day Moving Average
2) reversal from 61.8% retracement level of Fibonacci support level
3) Head and Shoulder pattern neck line Breakout
4) Flag and Pole pattern
5) Trend line Breakout
6) reversal from June Highs of 2375
for Short term Trade, keep stoploss below 2329
and for medium term keep stoploss below 2289
all levels in chart..
Flag Breakout Given: Ready to fly highWatch out for tomorrow's intraday trade for Reliance. Expecting a spike soon.
Reliance AnalysisRelinace made flag & pole pattern previously and now it's taken support at Pole
It's also breaking TrendLine .
we can consider this stock for holding purpose.
* It's Learning Purpose Only, I will not be responsible for any Loss or Profit .*
RELIANCE & FLAG CONTINUATION PATTERN NSE:RELIANCE
one day time frame, we can see a flag chart pattern in reliance ind.it means,this may probably go up in the coming days
Reliance a buy ?Reliance looks bullish. It has recently tested trendline and reversed and looks poitive.
RSI is > 50 and forming a bullish triangular pattern on hourly chart.
It can be a positional buy.
Its not a recommendation. Pls invest at your own risk.
Can RELIANCE Lift Nifty to ATH ???Trend Line Breakout after nearly 3 months.
Moving Average crossover done recently (5EMA)
Above 2475 reliance can climb 2600 uni directionally.
Targets : 2600 and 2800 && SL: 2350
Time frame : 1-3 months
NSE:RELIANCE
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Simple Trade Setup | RELIANCE | 03-01-2022[INTRADAY]NSE:RELIANCE
Trade Setup for Date: 03-01-2022
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.
POTENTIAL OPPORTUNITY - 15% to 20% @ DEN NETWORKS LTD (NSE:DEN)Potential Opportunity as Swing Trade in NSE:DEN and also predicting positive GAIN upto 20%
SWING TRADE - RISK TO REWARD - 1:3
ENTRY - 42.75
TARGET - 50.00
STOP LOSS - 40.3
This is for Educational Purpose only, please apply your prudence & consult your adviser before any investing.
#nse #swingtrade #nifty #den #dennetworks #reliance #riskrewardratio
RELIANCE TAKING A NICE SUPPORTReliance has taken nice support at 61.8 retracement which is also its previous support trend line . if it breaks then more downturn can be expected, otherwise it should give a nice breakout. So SL should be below the trend line .
RELIANCE TAKING A NICE SUPPORTReliance has taken nice support at 61.8 retracement which is also its previous support trend line. if it breaks then more downturn can be expected, otherwise it should give a nice breakout. So SL should be below the trend line.
NIFTY NEAR TRENDLINE NIFTY trading trend line , its expected to come down to levels of 17250 today and will again expected to go back and try to break trendline,
if reliance start rally which is must to for stock...reiance will try to cross 2430 today itself then nifty will expected to break the trendline ...
Swing & intraday opportunity in Reliance Hey guys,
On 2H timeframe, Here as we can see Reliance gives breakout it’s downtrend and retesting right now. It took support at 2365 which is a downtend line. If it respects it’s support & market opens with positive note, then without any hesitation we can go for swing trade for target of T1 2410 & T2 2470.
big daddy - reliance futureshourly chart of reliance futures
charts closed above 2398.50 which was a crucial level. another resistance is at 2480.85 so the trend of reliance changes at around 2500 after which the highs at 2850 could be tested.
the chart not only broke the crucial level but also managed to cross over and close above the resistant trendline which wasn't broken since 21st October shows strength.
Reliance might lead the up-move for nifty.
*educational purpose only
Intraday opportunity in RelianceHey guys, Here we can reliance is range near around 2415 , if it breaks resistance of 2415 we can for for intraday for target 2500.
Cheers
Simple Trade Setup | RELIANCE | 29-12-2021 [INTRADAY]NSE:RELIANCE
Trade Setup for Date: 29-12-2021
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.
Simple Trade Setup | RELIANCE | 28-12-2021 [INTRADAY]NSE:RELIANCE
all the trade setup will remain same as per previous.
Trade Setup for Date: 28-12-2021
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 and nfity both will resume their uptrend very soon Nifty is following heavyweight reliance. it seems that both are under WXYXZ correction mode and last leg of correction (i.e. wave Z) is under progress. Sub wave (v) of Z may take reliance to 2220 level which is 255 DEMA ( acted as very strong support) and should complete the correction. After completion of this wave, the original trend which is uptrend , will resume. levels are described on chart.
Disclaimer: This is purely for education purpose only. use your own analysis or consult your financial advisor before taking any trade on this analysis.
Simple Trade Setup | RELIANCE | 27-12-2021 [INTRADAY]NSE:RELIANCE
Observations:
1) On 15 min time frame,we can see that it has been facing resistance from the resistance channel.
And major breakout level is at 2400 level range.
On sustainable breakout of 2400 it will be short term bullish.
Please refer below chart : 15 min Time Frame.
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Trade Setup for Date: 27-12-2021
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.
