Nifty traded in a range then made down break and expecting downside to 17430 in short time. Bond Yield Spike in US affecting short term down.
After spotting clean HEAD AND SHOULDER pattern in an uptrend entered after the retest of the breakout. Breakout was supported by good rise in daily volume. EMA 21 acting as a good support. entry at- 1590 1st target- 1700 2nd target- 1800
NIFTY 50 EOD ANALYSIS -27-09-21 IN SUMMARY O / H / L / C 17932.2 / 17943.5 / 17,802.90 / 17,855.10 H-L = 141 points VIX 18.05 / +6.68% FII DII: +803 Crores SGX NIFTY @1917H - 17825 / -30 points Likely open: Flat to mild positive. 17850-900 is the next hurdle. CHART BASED CONCLUSIONS - 15 M Chart A gap-up opening was held for a while but NIFTY failed to...
Reliance multiple harmonic pattern formation with maturity at same levels,, good reversal can be seen in this counter,, waiting for 60 mins reversal candle bearish divergence on rsi and macd good short candidate retest of previous life can be seen
Reliance recently rallied heavily and needed a correction . All time high has been broken and reliance is managing to sustain above all time high with also a harmonic bullish bat pattern of a minor swing and also important fib numbers of different swings . Anything above 2360 levels in RIL is a reversal.
Double bottom chart pattern from 15 mintus yike frame candle. Brekout is all ready Retest and if bullish BREK DAY HIGH YOU CAN Accept upper hiher high lavels If market bullish
NSE:RELIANCE Trade Setup for Date 27-09-2021: 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...
Reliance Industries is one of the most heavyweight and most recognize stock of nifty50. I am analyzing reliance from last 2-3 weeks and i found above patterns and each patterns perform very well. Now Reliance is in a ascending triangle also from last couple of days overall market sentiment is confusing, so trade the breakout side with proper stoploss and...
TRADING WATCHLIST FOR W/B 27-9-21 INTENT I will only be sharing the time frame and the scrip name. I will leave the trade basis aside as the intent is to engage the reader in learning the basics of finding good scrips. You can have a look at the charts and place your favorite indicators and check out if any of these fit your trade plan. ON MY WATCHLIST FOR W/B...
Reliance is at triangle BO, can buy if come low down near 2100 for target 2266, if it cross and sustain above 2266 it may come in bull run for next targets 2370 and 2480 soon
RELIANCE broke consolidation after break out ...can give good long term move
NIFTY 50 EOD ANALYSIS -23-09-21 IN SUMMARY O / H / L / C 17670.85 / 17843.90 / 17646.55 / 17822.95 H-L = 86 points VIX 16.6 / +0.67% FII DII: +1530 Crores SGX NIFTY at 1930h - 17853 +22 points Likely open: Flat to mild positive. Profit booking may kick-in in the PM session. CHART BASED CONCLUSIONS - 15 M Chart A strong gap-up open and a sustained...
Reliance Making new highs in Sept📈 Looks good to catch here after good consolidation breakout of 12months.
NSE:RELIANCE Trade Setup for Date 24-09-2021: 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...
As it can be clearly seen in the chart that reliance is consolidating. keep a close watch on it a break-out on either side can give a good move.
NIFTY 50 EOD ANALYSIS -22-09-21 IN SUMMARY O / H / L / C 17580.9 / 17610.45 / 17524 / 17546.65 H-L = 86 points VIX 16.49 / -0.18% FII DII: Not available till 1845h. May be flat to negative. SGX NIFTY at 1830h - 17587 +33points Likely open: Flat to mild positive. CHART BASED CONCLUSIONS - 15 M Chart A mild gap-up open was immediately sold in to and...
As we can see on daily time frame the price is making higher highs where as RSI is making lower lows, this type of divergence shows that the uptrend will continue. Trade can be taken after successfull breakout of the trend lines.
EXPLANATION : This is a 15 Min time frame chart of RELIANCE , It has been in a consolidate for days and has formed an Ascending Triangle Pattern . If give a strong breakout and broke its supply zone with high volumes and retest the same , I am bullish on RELIANCE . If stock break the trend line we plan to short , downside levels marked in chart . If you like...