Reliance forming flag and pole patternOn hourly time frame the stock is forming a flag and pole pattern but Rsi is showing a negative divergence.
Reliance can give good move on either side.
Support:- 2385, 2314
Resistance:- 2406, 2455
The consilidation is the main part of trend formation. The stock has rested and will give nice targets on both sides,
Relianceanalysis
Reliance 2000 level Open NowAS it have broken level of 2247.1 of 20-Dec now it have formed a Lower low Incomplete sequence.
with this it have open a door for its move to 20260 vicinity where it may find a support and we can look fir buying opportunity in this zone marked.
Which also means their is scope for selling opportunity till that level.
Wish you a Happy Trading
#Reliance Trend Analysis NSE:RELIANCE
Everything one can see on chart.
📌 To Trade on This Chart, You Should Have Reversal Trading Knowledge. As Harmonic is One Of The Best Reversal Trading Strategy, But Always Remember That Harmonic Patterns Also Can Fail (there is no holly grail In Stock Market). That's Why One Should Must Have Knowledge Of Reversal Trading To Trade On Harmonic Patterns.
📌 That Dash Line Is Called PRZ, From That Dash Line To that Horizontal Simple Line Area Is Whole PRZ(Price Reversal Zone).
******whatever charts or levels sharing here or on any other platforms are just for educational purpose only, Not A Recommendation To Buy Or Sell. Please do your own analysis before taking any trade on them. We are not SEBI registered.
Simple Trade Setup | RELIANCE | 09-02-2022 [INTRADAY]NSE:RELIANCE
Trade Setup for 09-02-2022
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.
Simple Trade Setup | RELIANCE | 28-01-2022 [INTRADAY]NSE:RELIANCE
Observations:
1) On 1 day time frame, it tested 200 EMA 2nd time today. 200EMA is working as support at this moment.
On daily chart it made doji candle. If it trades above today's high then we can look for long trade. And if it starts to trade below today's low then it will be short trade.
Please refer below chart : 1day Time Frame.
-------------------------------------
Trade Setup for 28-01-2022
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.
Reliance Industries Swing opportunityChart is self explanatory. Entry, Targets and Stop Loss are mentioned on the chart.
Disclaimer: This is for demonstration and educational purpose only. This is not buying or selling recommendations. I am not SEBI registered. Please consult your financial advisor before taking any trade.
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.
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.
Reliance bullish swing above 2400Hello traders, no updates on the last stocks due to limited time I have right now.
Reliance has been following a supportive trendline for about 6 months and now it is following a resistance trendline for about 2 months, it is time for the intersection of these trendlines to complete the symmetrical triangle. When it gives a breakout from this triangle go long for the upper marked targets.
Buy above - 2400
Targets marked in the chart above
RSI in the bullish zone
MACD above signal line
Stock above 200 ma cluster
Above flip zone
Symmetrical triangles tend to be a continuation pattern and in this script I'll consider going long as a better opportunity.
Please LIKE, COMMENT and SHARE to motivate and support me. I'll keep on posting new ideas on Indices & Stocks. Be sure to follow so that you don't miss any good trades that might have been rewarding.
Any comments and critiques will be appreciated even if it's of opposite view as a trader can also be right so many times.
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.
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 | 14-12-2021 [ INTRADAY ]NSE:RELIANCE
Observations:
1) On 1day time frame,it couldn't manage to sustain above 21DMA and close below 21DMA.
But it is still trading above 100DMA. 100DMA is major support.
21DMA is placed at 2444.06. 100DMA is placed at 2389.26.
Major breakout level is at 2500 level.
Please refer below chart : 1day Time Frame.
2) On 1hr time frame, it has been trading in triangle pattern since long time. And it is keep on squeezing.
And now it is near to the squeezing exaggeration. Breakout on either side, we can see good move.
Please refer below chart : 1hr Time Frame.
-------------------------------------
Trade Setup for Date: 14-12-2021
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 Sell I hope you can now see how Reliance represents an excellent low risk profit entry setup allowing you to trade in the market. Take positions so that the risk/reward is in your favor.
Knowing why, where & when a strong reversal signal is being generated will be the only way to capitalize on your technical analysis .
Disclaimer: It should not be assumed that the methods, techniques, or indicators presented in these chart will be profitable or that they will not result in losses. There is no assurance that the strategies and methods presented will be successful for you. Past results are not necessarily indicative of future results. You should not trade with money that you cannot afford to lose. Examples presented in these charts are for educational purposes only and it should not be assumed that these are indicative of ordinary trades. These setups are not solicitations of any order to buy or sell. The publisher assume no responsibility for your trading results. There is a high degree of risk in trading.
RELIANCE INDUSTRIESReliance went below the 40DEMA but it has made a comeback after touching the daily lower Bollinger band.
More importantly, the daily trend indicator MACD has now turned towards bullish, but still crossover is pending in daily MACD,
Overall chart structure suggests that wave 5 can be possibly unfold now.
As per Elliot waves guidelines and fib levels principle it can touch 2917 levels in fourth coming sessions,
On the way down, 40DEMA and the swing low i.e.2523 and 2456 respectively, will be the support levels to watch out for in the near term. All the key levels along with stop loss and targets are mentioned on chart.
One can go long at current levels or in dips ( if any ).
Key levels and wave structure
macd in daily turned uptick, converging towards positive
macd in hourly positive, uptick above zero line
Disclaimer
I am not sebi registered analyst
My studies are for educational purpose only
Consult your financial advisor before trading or investing
I am not responsible for your profits and losses