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Reliancebuysetup

Reliance Industries price action analysisReliance Industries is currently trading at the potential reversal zone (PRZ)/supply zone set by the XABCD Bearish Bat Pattern. In the past after reaching the supply zone, it got corrected until 0.618 Fibonacci retracementent of CD. After a good correction, it is trading now near the supply zone. Since it touched the all-time highs, it never had closed above the supply zone. A daily or weekly(safe) close above 2275 could give a boost until 2307. Sustaining above this supply zone, the price may reach the 2382 level. Go long above 2275 and start booking your profits from 2307-2382 for a safe setup. Place Stoploss at 2256. Happy trading :) This is not an investment idea. Please consult your financial advisor before investing.
NSE:RELIANCELong
by Sanjan91
Simple Trade Setup | Reliance | 30-08-2021NSE:RELIANCE Trade Setup for Date 30-08-2021: 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 is easy to understand. 3) If it breaks the RSI trendline on 15min time frame and breaks the trendline on price chart then it will be quick buy entry. 4) All the levels will work as support, resistance, entry and exit w.r.t price action near that level tomorrow. Please refer below chart for levels. Hope I made it easy to understand it. Do comment your doubt or suggestion.
NSE:RELIANCE
by Trading_hawk
1
Simple Trade Setup | RELIANCE| 27-08-2021NSE: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 is easy to understand. 3) All the levels will work as support, resistance, entry and exit w.r.t price action near that level tommorrow. Please refer below chart for levels. Hope I made it easy to understand it. Do comment your doubt or suggestion.
NSE:RELIANCE
by Trading_hawk
6
Simple Trade Setup | RELIANCE | 25-08-2021NSE: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 25-08-2021: 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 is easy to understand. 3) All the levels will work as support, resistance, entry and exit w.r.t price action near that level tommorrow. Please refer below chart for levels. Hope I made it easy to understand it. Do comment your doubt or suggestion.
NSE:RELIANCE
by Trading_hawk
31
Simple Trade Setup | RELIANCE | 16-08-2021NSE:RELIANCE Observations: 1) On Daily Time Frame it looks like an inverse head and shoulder pattern. And closed at the neckline which is 2145 level range. Please refer Chart below: 2) On Daliy time frame it has also closed above 50MA. 3) Next up level which has open interest addition is at 2160 call option. But an interesting thing is that for 2200 call option there was good short covering seen. 4) On 15min time frame it has been trading in channel. Taking resistance from upper trendline and taking support from bottom trendline. ------------------------------ Trade Setup: 1) If it breakout and test the upper trendline then it will be a buy trade. 2) But if it breakdown the upper trendline then from respective level it will be short trade entry with SL of upper trendline or the upper level. 3) All the levels will work as support, resitance, entry and tareget w.r.t to price action near to that level. Hope I made it easy to understand it. Do comment your doubt or suggestion.
NSE:RELIANCE
by Trading_hawk
3
Simple Trade Setup | Reliance | 12-08-2021NSE:RELIANCE Simple Trade Setup On 15min time frame if you see it made kind of W pattern. And breakout level of it is exactly at 2120 level. Also it is facing resistance from black trendline and breakout of that trendline will give good up move. Levels and targets are mentioned on the chart. Hope it is easy to understand. On Daily Time Frame it looks like it made inverted head and shoulder pattern. Please refer below chart. Hope I made it simple to understand levels and trade setup. Do comment your doubt or suggestion. All the best. My personal view will be more bullish if it breakout 2126 levels.
NSE:RELIANCE
by Trading_hawk
2
Simple Trade Setup | RELIANCE |05-08-2021NSE:RELIANCE Trade Setup for 05-08-2021 Fresh Buy side entry only above 2110 level. All the levels will work as Support, resistance, entry and exit w.r.t price action on particular day near to that level. If you are already an experience trader then you can even short from the above levels. But if you want to take safe trade on buy side then better to follow the trade setup. My personal view is bullish on RELIANCE. Do comment your doubt or suggestion if any.
NSE:RELIANCELong
by Trading_hawk
1
RELIANCE || Simple Intraday Setup 30-07-2021NSE:RELIANCE RELIANCE is still having bearish trend. It couldn't break that trendline. Also took resistance below the critical zone mentioned on the chart. For Intraday trader, you can play between the levels marked on the chart. If some particular level break out then it will give a buy trade till next level on the up side. And it some particular level break down then it will give a sell trader till next level on the down side. But take the trade once you get the 15min or at least 2 consecutive 5min candle to consider as breakdown or break out. Trade with SL. Hope my ideas are helping you to understand levels, price action and taking the trade from the right level. Do comment if you have any suggestion or doubts, I will try to response as soon as possible.
NSE:RELIANCE
by Trading_hawk
3
Target 2 hit today in Reliance | Simple Intraday Setup 29-07-21NSE:RELIANCE RELIANCE is still having bearish trend. For Intraday trader, you can play between the levels marked on the chart. If some particular level break out then it will give a buy trade till next level on the up side. And it some particular level break down then it will give a sell trader till next level on the down side. But take the trade once you get the 15min or at least 2 consecutive 5min candle to consider as breakdown or break out. Trade with SL. Hope my ideas are helping you to understand levels, price action and taking the trade from the right level. Do comment if you have any suggestion or doubts.
NSE:RELIANCE
by Trading_hawk
RELIANCE REVIEW-23-07-2021 | Levels and Target 26-07-2021NSE:RELIANCE Review Today, 23-07-2021, Reliance opened with gap up to trap trader with bullish sentiment. And couldn't able to hold even above 2110 level. But the good thing is, on daily chart it took support from trendline and also closed above 21DMA. This level above 2100 will be immediate support zone for RELIANCE. After that it has support zone at 2075-2080. Bearish trend will start only above this range 2075-2080. Above 2100 it has strength for bullish trend and above 2127 Bullish trend will be strong. Levels and Target for 26-07-2021. Since today it will have Result, so if market loves the result then on Monday it will definitely go wild. But as a trader we have trade in our pre-decided strategy and with entry levels and target. Bullish trade entry can be made only above 2127. And also avoid first 20-25 minutes to enter in trade. Otherwise it will happen like today, it will give gap up opening and trader will jump in to buy trade. Never chase a gap up opening. Let it get settled for 15-20 minutes minimum. Hope my trading ideas are helping you to understand price action and levels. Do comment if you have any doubt.
NSE:RELIANCELong
by Trading_hawk
8
Reliance FuturesReliance Futures LTP: 2155.95 Support:2100.00 Resistance:2180.00 / 2222.15 15m Chart The chart is in an uptrend since 2nd July Candles are taking support at 12 DEMA RSI and MACD are both above the horizon which indicates a bullish trend Hourly Chart 2100 seems like a very strong support level Looks like the charts have made a cup and handle pattern which is a bullish pattern 4 Hour Chart the candle has closed above the 50 DEMA which is a buying signal The 12 and 26 DEMA have still not crossed on the chart but MACD shows a bullish reversal RSI has closed above the 50 mark which is a bullish signal Buy and hold for short to medium term for targets of 2222.00+
NSE:RELIANCE1!Long
by virralthakkaar
Reliance - Wait for breakoutReliance Industry seems to have a breakout from a triangle pattern, so give an entry with appropriate Stop loss only after its breakout 🔴DISCLAIMER ***** It's just for an educational purpose and so you must also follow your own technical analysis before taking up the trade ****** Aggressive traders enter at the breakout and conservative traders may give entry after retracement (Retracement is optional, we cannot expect every stock to take a retest after the breakout, it may also continue to have its bullish pressure after the breakout) After reaching our targets, trail your stop loss to get maximum profit from the stock in a single trade
NSE:RELIANCELong
by PrakWorld_Traders
Reliance For Buying Opportunity Reliance Looking for a Buying Opportunity Reliance Price Rejected from Top Level, There are two supports that may bounce. The first support has a 70% probability of bouncing, while the second support has a 30% chance of bouncing. You may buy for swing trading, short or long term, so don't miss out. Also, Keep It Mind that If stock market gurus were true experts, they would buy stock not selling advice. So don't take anyone's word for it; this is just my opinion; do your own analysis
NSE:RELIANCELong
by prajwalasp