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RELIANCE

Reliance : Mota Bhai may be coming into action Reliance on weekly charts have made a very good price action, with a morning star formation on weekly charts and demand & supply confluence zone. Also the pattern has formed at an important support trendline which has historically in past acted as resistance before Covid, after that once it broke out of it, this trendline has acted as support in past few times. Reliance may provide a thrust to Nifty (what I also believe that it is getting ready to fly) ; what it has been missing since last 10 weeks after making a ATH in Dec 2022.
NSE:RELIANCELong
by aktradelearning
RELIANCE - Sitting at Crucial levels!Overview & Observation: 1. Price is sustaining around the upper channel. 2. RR not favourable 3. If the price holds around current levels, a long position can be planned. 4. Wait for confirmation of a healthy breakout and candle formation. W TF: Trade Plan: Entry Point: Post-breakout confirmation around 3000. Stop Loss: 7-8% Target: 10-12% - Stay tuned for further insights, updates and trade safely! - If you liked the analysis, don't forget to leave a comment and boost the post. Happy trading! Disclaimer: This is NOT a buy/sell recommendation. This post is meant for learning purposes only. Please, do your due diligence before investing. Thanks & Regards, Anubrata Ray
NSE:RELIANCE
by SuperNova396
Reliance right opportunity for Swing Trade.Huge potential is there. For short term investment ; Leave a " Like If you agree ".👍 . . Wait for small retracement & daily candle to close above - "3050" . . Enter only if market Breaks "Yellow box" mentioned. . Don't make complicated trade set-up.📈📉 Keep it " simple, focus on consistency " 💹 Refer our old ideas for accuracy rate🧑‍💻 Valuable comments are welcomed-✌️ . Follow for regular updates.👍
NSE:RELIANCELong
by TheNuraTrading
Head and shoulder in Reliance Industries.Major support levels :- 2575, 2550, 2531 Resistance:- 2600, 2620 If it takes out the upper level of 2620 and closes above it on weekly chart, it can give nice up move. Positional stock or stock future trades can be initiated. Intraday trades can be taken on both the side. Bearish trade for an intraday trade can be initiated on the breakdown of the H&S pattern on the hourly candle close. Wait for the price action near the levels before trading.
NSE:RELIANCE
by TheMamboMomentum
8
Reliance Industries: The Mukesh Ambani of Stocks Attention, traders! Buckle up, because Reliance Industries Limited is ready to take off like a rocket ship to the moon! 🚀📈 We’ve spotted some exciting price action and technical patterns that you won't want to miss. Let’s dive into the details. I. Price Action Overview Chart Analysis Current Price: ₹3,061.10 Daily High: ₹3,075.00 Daily Low: ₹3,012.00 Volume: 14.192M II. Key Technical Indicators Bullish Flag Pattern: RIL is climbing faster than Antilia's elevator during a power outage. The chart clearly shows a bullish flag pattern, a classic continuation pattern indicating potential upward movement. Breakout Confirmation: We've seen a solid breakout from the flag pattern, signaling a potential rally. Volume Breakout: Trading volume is higher than the number of JioMart deliveries on a Sunday. This suggests strong conviction in the move. Accompanying the price breakout, there's a significant increase in volume, further confirming the bullish momentum. III. Trading Idea: For the brave Ambani-wannabes out there, riding this uptrend could be more thrilling than a Bollywood blockbuster. But remember, timing the market is as tricky as navigating Mumbai traffic during monsoon! Price Targets and Support Levels Immediate Resistance: ₹3,100.00 - This is the next level to watch. A break above this could open the doors to higher levels. Support Levels: Primary Support: ₹2,800.00 - A key level to hold for maintaining the bullish outlook. Secondary Support: ₹2,559.25 - This is a more conservative support level, aligning with previous consolidation areas. IV. Risks: If this rally loses steam, the stock could drop faster than your data speed when you run out of Jio balance. Keep an eye on oil prices and telecom regulations, and be ready to book profits quicker than you can say "Jio Dhan Dhana Dhan". V. Final Thoughts: Reliance Industries is flexing its muscles like Mukesh Ambani at an AGM. Will it continue to dominate the market like it dominates your phone bill, or will it take a breather? Only time will tell, but one thing's for sure – this stock is more diverse than the menu at a 5-star hotel buffet! Disclaimer: This analysis is about as guaranteed as a glitch-free day on the MyJio app. Always do your own research and consult a financial advisor before making investment decisions. Happy trading, and may your profits be as hefty as Reliance's market cap! 💼
NSE:RELIANCELong
by TRADING-NASA
2
Reliance Big Move AheadHey Family, there is a one more stock Which is showing a great opportunity. Key Points:- * Forming Ascending Triangle Pattern in daily TF. * From Jan 2024 to June 2024 Moving in a 200-300 Points range. * From Mar 2024 to June 2024 Tested Resistance Many times. * It's Already Break resistance Zone and trying to Sustain Above Resistance Zone and follow up buying is coming. * Volume Accumulation (Volume is Rising). What is your view please comment it down and also boost the idea this help to motivate us. We are Certified. All views shared on this channel are my personal opinion and is shared for educational purpose and should not be considered advise of any nature. Minor Retest is Possible after big move.
NSE:RELIANCE
by ChartSight
Reliance weekly update 07/JUN/24Reason I choose RELIANCE TO trade beacuse of its huge weitage. Huge Weitage stocks to be considered the less volatile & safe instrument to Trade. As RELIANCE is trading in the Range from Few Weeks, Do not plan to execute orders below the 3050 Levels. If the WEEKLY CHART crossed above the level then only I will plan my trade in RELIANCE. MONTHLY RSI > 60. WEEKLY RSI < 60. Once the 60 levels crossed in RSI on WEEKLY BASIS then will try to Create. POSITIONS on DAILY CHART. An RSI HIDDEN BULLISH DIVERGENCE ( Positive reverse Divergence ) is Printed on Weekly Charts. Seems to be the Consolidation to be over & Fresh breakout to likely happen m SOON. Till then Enjoy the Back Seat Game. WAIT & WATCH & REPEAT. HAPPY TRADING
NSE:RELIANCE
by Princetechnicals
Nifty witnessed Biggest Single Day fall of Recent Years Indian benchmark showed correction & lose more than 6% on Vote counting day. Nifty broke below imp swing low & showed sharp correction to came near 21300 level A Big Long candle has formed on Daily TF, erased last few months gains The imp upside hurdle is placed around 22500/600 level whereas downside support is around 22200 zone Track for price to form Price Action Patterns at Imp Levels, However market may show Choppiness after today's sharp fall. Keep Tracking Charts *For Educational Purpose Learn & Practice Price Action setups
NSE:NIFTY
by Himanu_HATradeTalk1
Nity made New All Time High after Robust Gap up openingThe market witnessed the session of june 3 with Robust gains, following Exit polls results. After Big Gap up opening Nifty remained in postivie momentum & closed near 23250 level A Big Bullish candle is formed on daily chart The imp upside hurdle is placed around 23400/500 level whereas downside support is around 23000 zone Track for price to form Price Action Patterns at Imp Levels, However market may show volatility during the Election Results on june 4 Keep Tracking Charts *For Educational Purpose Learn & Practice Price Action setups
NSE:NIFTYLong
by Himanu_HATradeTalk1