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Relianceforecast

RELIANCE INDUSTRIES – Buying Zone Test with Reversal PotentialRight now, the stock is respecting a long-standing falling channel, and it has just bounced off the lower boundary of the pattern near the marked Buying Zone. The stock has been consolidating for the past 9 months inside a downward-sloping channel, and this retest could serve as the ignition point for a trend reversal. All important levels have been marked on the chart. Looking at the price action and structure, there's a high probability that RELIANCE can move towards ₹1,325 in the coming weeks if the reversal holds. Volume surged near the bottom, hinting at smart money accumulation. Entering near ₹1,110–₹1,120 zone gives a solid Risk: Reward :: 1 : 3.3 Support Levels: 🔹 ₹1,165 – Minor demand zone 🔹 ₹1,110 – Major support and channel lower trendline 🔹 ₹1,085 – Last swing low, demand base Resistance Levels: 🔹 ₹1,204 – First level of resistance 🔹 ₹1,280 – Mid-channel upper zone 🔹 ₹1,325 – Short-term breakout target Reasons: ✅ 9-month falling channel ✅ Strong bounce off major support (Buying Zone) ✅ RSI rebounding from oversold territory ✅ Volume spike at support = potential smart money entry ✅ Favorable R:R for positional entry ✅ Potential early reversal before breakout News & Sentiment: No major negative news post-recent drop. The correction seems technical, and long-term sentiment remains optimistic especially around expected earnings and energy sector momentum. Verdict: Bullish Plan of Action: Enter on strength above ₹1,175 or on dip near ₹1,120 zone with volume confirmation. BUY: ₹1,120–₹1,175 Stoploss: ₹1,085 Target: ₹1,325 Trailing SL: ₹25–₹30
NSE:RELIANCELong
by finnova_
Reliance | Upcoming Possible MovementsCurrently stock trading at support area (multiple time frames) of 1280 A small upside possible from here But as we can see it has broken a trend line / channel, so any pullback on upside may trigger a fresh selling for the downside strong support area of 1260 (as it also happens to be a flip zone) 1260 can be considered as a strong support area Any sideways accumulation on that area will possible trigger a strong upside movement Lower time frame confirmation must be taken before entering at any levels
NSE:RELIANCEShort
by Vishy5
"Reliance on the Move: Is This the Start of a Major Reversal?"📢 Market Sentiment Poll: Where Do You See Reliance Industries Heading? 🔘 Bullish – Potential upside towards ₹1,400+ 🚀 🔘 Neutral – Likely to consolidate 📊 🔘 Bearish – Could dip below ₹1,200 📉 💬 Share your market insights in the comments! This poll is for educational purposes only and does not constitute financial advice. Always conduct your own research before making investment decisions.
NSE:RELIANCE
by simpletradewithpatience
1
Reliance - Is at attractive level to Buy & Invest nowRIL now around 1200-1250 levels is very good opportunity to buy and get invested for medium to long term profits. Price is at swing support and this low level was due to Elon entry into India and groupism by MF Manager to accumulate at lower levels. RIL recent land purchase at throwaway price and its business with NVDIA & Disney are few reasons to fetch more income to RIL. RBI mood to devalue to INR is +ve for RIL. Reliance is No - 1 company for 2 decades now. Stay Invested in this counter for good Profits. use this for educational purpose and consult your Advisor or take your own decision before Investing
NSE:RELIANCELong
by venkatfx
2
Reliance Inds cmp 1205.30 Weekly Chart view by Negative Phase*Reliance Inds cmp 1205.30 by Weekly Chart view - Indicatively trailing thru negative phase* - Stock has formed Bearish Rounding Top - Resistance Zone 1250 to 1280 Price Band - Interim Support Zone seen at 1165 to 1185 Price Band - Next Good Support Zone is seen at 1045 to 1075 Price Band - Volumes are steady but seen more on the selling side over past few weeks - Stock Price broke down below Rising Support Trendline & well under Falling Resistance Trendline - Weekly basis Support at 1145 > 1075 > 990 with the Resistance at 1298 > 1380 > 1490 > ATH 1608.80
NSE:RELIANCE
by PIYUSHCHAVDA
Reliance Inds cmp 1267.60 by Weekly Chart viewReliance Inds cmp 1267.60 by Weekly Chart view - Stock has formed Bearish Rounding Bottom - Support Zone seen at 1050 to 1100 Price Band - Support Zone 1250 to 1300 Price Band turning into Resistance Zone - Stock might probably show more downside by the Technical Chart setup - Weekly Basis : Support at 1195 > 1100 > 995 with Resistance at 1360 > 1445 >1535 > ATH 1608.80 - Stock Price gone well below the crossover of both the Falling Resistance Trendline and also the Rising Support Trendline been broken down
NSE:RELIANCE
by PIYUSHCHAVDA
3
Short Term Trading Opportunity in Reliance Ind or >7% upsideHi, NSE:RELIANCE has given a Bullish Flag Breakout on Daily charts with very good volume. MACD is also on the bullish side on Daily and Monthly time frames. RSI is also on the bullish side on daily, weekly and monthly time frames. In the current market scenario, I am expecting that the bullish momentum will continue. Complete price projection like entry, stop loss and targets mentioned on the charts for educational purpose. Don't Forget to Follow me to get all the updates. Please share your feedback or any queries on the study. Disclaimer: Please consult your financial advisor before making any investment decision.
NSE:RELIANCELong
by raigvivek
Head and shoulder in Reliance Industries.Major support levels :- 2575, 2550, 2531 Resistance:- 2600, 2620 If it takes out the upper level of 2620 and closes above it on weekly chart, it can give nice up move. Positional stock or stock future trades can be initiated. Intraday trades can be taken on both the side. Bearish trade for an intraday trade can be initiated on the breakdown of the H&S pattern on the hourly candle close. Wait for the price action near the levels before trading.
NSE:RELIANCE
by TheMamboMomentum
8
Reliance Industries: The Mukesh Ambani of Stocks Attention, traders! Buckle up, because Reliance Industries Limited is ready to take off like a rocket ship to the moon! 🚀📈 We’ve spotted some exciting price action and technical patterns that you won't want to miss. Let’s dive into the details. I. Price Action Overview Chart Analysis Current Price: ₹3,061.10 Daily High: ₹3,075.00 Daily Low: ₹3,012.00 Volume: 14.192M II. Key Technical Indicators Bullish Flag Pattern: RIL is climbing faster than Antilia's elevator during a power outage. The chart clearly shows a bullish flag pattern, a classic continuation pattern indicating potential upward movement. Breakout Confirmation: We've seen a solid breakout from the flag pattern, signaling a potential rally. Volume Breakout: Trading volume is higher than the number of JioMart deliveries on a Sunday. This suggests strong conviction in the move. Accompanying the price breakout, there's a significant increase in volume, further confirming the bullish momentum. III. Trading Idea: For the brave Ambani-wannabes out there, riding this uptrend could be more thrilling than a Bollywood blockbuster. But remember, timing the market is as tricky as navigating Mumbai traffic during monsoon! Price Targets and Support Levels Immediate Resistance: ₹3,100.00 - This is the next level to watch. A break above this could open the doors to higher levels. Support Levels: Primary Support: ₹2,800.00 - A key level to hold for maintaining the bullish outlook. Secondary Support: ₹2,559.25 - This is a more conservative support level, aligning with previous consolidation areas. IV. Risks: If this rally loses steam, the stock could drop faster than your data speed when you run out of Jio balance. Keep an eye on oil prices and telecom regulations, and be ready to book profits quicker than you can say "Jio Dhan Dhana Dhan". V. Final Thoughts: Reliance Industries is flexing its muscles like Mukesh Ambani at an AGM. Will it continue to dominate the market like it dominates your phone bill, or will it take a breather? Only time will tell, but one thing's for sure – this stock is more diverse than the menu at a 5-star hotel buffet! Disclaimer: This analysis is about as guaranteed as a glitch-free day on the MyJio app. Always do your own research and consult a financial advisor before making investment decisions. Happy trading, and may your profits be as hefty as Reliance's market cap! 💼
NSE:RELIANCELong
by TRADING-NASA
2