RELIANCE CMP 2230 Flag and Pole pattern on weekly charts resistance at 2400 levels can initiate longs
Reliance Industries at resistance level of 2230 again. Preiviously it reached at this level three times. So if this level is broken then it will be very bullish.
NIFTY 50 EOD ANALYSIS -26-08-21 IN SUMMARY O / H / L / C 16627.95 / 16683.7 / 16603.7 / 16636.9 H-L = 80 points VIX 13.54 / -0.3% FII DII: -919 Crores Likely open: Flat to positive with resistance at 16650-700. CHART BASED CONCLUSIONS On a closing basis, Nifty expired the series on a flat note. Nifty made a lower high and a lower low. The trading...
Nifty made an ATH and an ATH close. This is despite facing selling pressure in the second half. Where do you think the #stockmarket is heading?
NSE:RELIANCE Observations: 1) Rounding bottom breakout perfectly worked. And gave good move in last two days. ------------------------------------- Trade Setup for Date 27-08-2021: 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...
NSE:RELIANCE After 1 yr of consolidation Stocks looks Strong on Weekly Chart. Trading between 61.8% & 78.6% levels as per Fib Retracement. once closes above 78.6% then will go for 100% and will try to creat ATH. and above it strong upward rally can be seen once again. **EDUCATIONAL PURPOSE
Three Pattern Movement seen on a 3 year chart of Reliance. Am I reading this correctly?? Is Reliance ready for its next big upmove of around 500-600/-??? Disclaimer: This is not a buying or selling recommendation. Just sharing it for self education purpose and taking opinions from experienced analysts.
Reliance took a correction of nearly 10% from 15th June to 25th July, then made an up move. This correction completed the target of the bearish bat pattern(left side, Moving to the current situation, the price is again at a decisive potential reversal point but being already beaten up, chances of fall are less if spoken logically. There could be a fall also, so...
Triangle pattern in Reliance Industries ltd. Can give good return in short term
Reliance Industries have formed the Descending triangle pattern. As the market is showing bearish sentiment, below 2060, we can expect a quick fall till the 2000 levels and may take a small "U" turn. If the stock miraculously managed to break 2120 levels after a retest in the break out level, it can go upto 2250 levels. Kindly share your valuable...
NIFTY 50 EOD ANALYSIS -25-08-21 IN SUMMARY O / H / L / C 16654 / 16712.45 / 16617.5 / 16634.65 H-L = 95 points VIX 13.5 / +2.35% FII DII: + -1,222 Crores Likely open: Flat to positive with resistance at 16650-700. CHART BASED CONCLUSIONS Yet another gap-up opening that did not last for more than 2 hours. Nifty made a new ATH but was sold into. This is...
Nice breakout in NSE:RELIANCE Wait for retest at the horizontal level and then enter. Favourable risk to reward. Set stop-loss according to your risk management.
NSE:RELIANCE Observations: 1) On 1 hour time frame earlier it had made inverse head and shoulder pattern which we already covered in earlier post . Now it has made rounding bottom pattern on 1hour time frame with neck/breakout line at level 2190. Please refer Chart below: 1 hour time frame. ------------------------------------- Trade Setup for Date...
1. Parallel channel uptrend 2. HH/HL Formation in DTF 3. 2133 levels neckline of IH&S Pattern retested (previously shared) 4. Long for target of 2250+
NSE:RELIANCE All the levels will remain same. All these levels will work as support, resistance, entry and target w.r.t price action near those levels tomorrow. Do check my previous ideas in link below. Do comment your doubt or suggestion.
Possible Flag Breakout in Reliance on Hourly Timeframe
Reliance Trangle pattern target t1 and t2 are mentioned
NSE:RELIANCE Observations: 1) On 15min Time frame, it is trading in downward channel. Please refer Chart below: 15 time frame. 2) On 1 Hour Time Frame, it is now back to its neckline after giving breakout of inverse head and shoulder. As per theory it should now test this neckline and give bullish move upside. Please refer Chart below: 1hour time...