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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.
NSE:RELIANCE
by Trading_hawk
2
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.
NSE:RELIANCELong
by vahabsheikh
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.
NSE:RELIANCE
by Trading_hawk
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
NSE:RELIANCELong
by RK_Chaarts
Reliance Industries tests the demand zone before the results dayReliance Industries are out tomorrow. The stock has fallen more than 3% to test the potential reversal zone of the harmonic pattern XABCD or the demand zone. As we can see, in the last hour price has bounced off the zone with good volumes. The price has to stay above this zone or else it could test 2500 or even lower by the long unwinding. If sustained above the zone, could even take out the ATH. Shark patterns often come when the corrections are sudden and deep, which is perfectly suited in this case. Maintain strict stoplosses though. Happy trading :) This is just for educational purposes.
NSE:RELIANCE
by Sanjan91
Simple Trade Setup | RELIANCE | 18-10-2021 [INTRADAY]NSE:RELIANCE Observations: 1) On 15 min time frame, we can see formation of cup and handle pattern. Please refer below chart : 15min Time Frame. 2) On 1 day time frame, if we apply FIB RETRACEMENT then we can see that critical level to breakout on daily time is 2702.45 level. But for safer side we will consider the high of previos candle which is coming at 2720 level. So we can put the major resistance at 2720 level. Breakout of it will give bullish move and we can see the ultimate target of 2778 in short term. Please refer below chart : 1day Time Frame. ------------------------------------- Trade Setup for Date 18-10-2021: Most of the levels will remains the same as per previous setup. 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.
NSE:RELIANCE
by Trading_hawk
Simple Trade Setup | RELIANCE | 01-10-2021 [INTRADAY]NSE:RELIANCE Trade Setup for Date 01-10-2021: 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 respsective level considering how price action works near that level.
NSE:RELIANCE
by Trading_hawk
Simple Trade Setup | RELIANCE | 17-09-2021 [INTRADAY]NSE:RELIANCE Observations: 1)On Daily Time frame: we can see that the retracement is over now and today it gave good bullish candle as a reversal. Now it will go continue it's bullish trend. Please refer below chart : Daily time frame. ------------------------------------- Trade Setup for Date 17-09-2021: 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. 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.
NSE:RELIANCE
by Trading_hawk
8