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...
high : 19/10/2021 : 2,751.35 low : 28/07/2021 : 2,016.25 75 % : 2567.57 50% : 2383.80 25% : 2200.02
CMP: 2477.85 Magic level In reliance completed inverted Cup and Handle Target. Now wait for magic level. Magic level above stock 2687 or index over all bullish Magic level below stock 2687 or index over all bearish. Feel free to share your feedback and queries. If you want to know about your stock please mention in comment.
Chart 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.
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...
Reliance 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...
Hi everyone, Reliance industries mid term swing trade consider buy above: 2,500, target: 2,720, stoploss: 2,409. LOGIC BEHIND TRADE: Stock has given good correction & formed (w) pattern and given breakout of dynamic trendline resistance & static resistance (target identified from harmonic xabcd pattern level 1.414) & if sustain above 2,500 can go upto all time...
Reliance looks bullish. It has recently tested trendline and reversed and looks poitive. RSI is > 50 and forming a bullish triangular pattern on hourly chart. It can be a positional buy. Its not a recommendation. Pls invest at your own risk.
Long reliance With a targets of its previous high of 2700+ around 20% targets...
Reliance has strong support zone at 2300-2280 levels and looking good to buy on Dips until these levels are intact on closing basis. To motivate me, Please like the idea If you agree with the analysis. Happy Trading! InvestPro India Team
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...
NSE:RELIANCE #NSE:RELIANCE Zoomed today 2400 CE shared and it touched 133 and bagged almost 19K per LOT. Other scripts shared for reference !!
Reliance 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...
NSE:RELIANCE #RELIANCE touch ATH 2750, retraced and now reached to 2620 levels, sustained above the support. High chances to bounce back and continue positive momentum, Post sustainability confirmation one can try 2600/2620 CE with same 2600 level as SL. Happy Trading !!
Reliance 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...
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...
The stock has broken out the previous resistance of 2369 and looking good to buy if sustains above 2400 for marked targets on the chart until 2240 is intact on the closing basis. To motivate me, Please like the idea If you agree with the analysis. Happy Trading! InvestPro India Team