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Relianceindustries

Reliance Industries Dragon Fly Doji in Weekly chart at SupportHi this is Kapil, Reliance Industries took support at 1257 on weekly and monthly support area, Made Dragon Fly Doji on weekly chart as well Bulls can be seen pulling the price back above the support level of 1237. after 43% upside swing in one year from oct 2023 to oct 2024 the stock looks in minor consolidation period to a possible reversal we can plan adding reliance in our portfolio with annual returns of 25-20% for 2025 year. Next support below 1200 is at 1004. So add near here and @1015 Near term targets are 1405 and 1569 in 2025-2026. Special Note- Reliance will actually be used as index management tool so every hourly oversold portion can be seen as possible reversal for intraday basis. Consult your Financial advisor before making any decisions
NSE:RELIANCELong
by kapilbhama
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
A Short Term to Long Term Investment Opportunity in Reliance IndHello Everyone, i hope you all will be doing good in your life and your trading as well. Today i have brought a stock which has formed a pull back and retest pattern in weekly chart stock name is Reliance Industry, it is most famous and most valuable company in india. Reliance was founded by Dhirubhai Ambani and is now promoted and managed by his elder son, Mukesh Dhirubhai Ambani. Ambani's family has about 50% shareholding in the conglomerate. Stock is really giving good entry at this price as it has already corrected 19%, and now it is showing some strenght, There was huge volatility in market due to USA Election. Today vix has been cool almost 7% means volatility is going to reduce in market. Well if i talk about reliance i think this is giving best entry for long term investment as well as short term to medium term. For short term i already have mention the targets. But i feel it will cross these targets which i mention here and it will give 100% returns in next 2-3 years. So if anybody wants to hold this for long term can hold from these levels. Technically and fundamentally it is very strong company there is no doubt about it. Now le't discuss about some fundaments. Strenghts:- Effectively using its capital to generate profit - RoCE improving in last 2 years Growth in Net Profit with increasing Profit Margin (QoQ) Company with Low Debt Strong cash generating ability from core business - Improving Cash Flow from operation for last 2 years Annual Net Profits improving for last 2 years Company with Zero Promoter Pledge Market Cap ₹ 17,82,145 Cr. Current Price ₹ 1,317 High / Low ₹ 1,609 / 1,149 Stock P/E 26.2 Book Value ₹ 606 Dividend Yield 0.38 % ROCE 9.61 % ROE 9.25 % Face Value ₹ 10.0 Industry PE 17.9 Debt ₹ 3,57,525 Cr. EPS ₹ 50.2 Promoter holding 50.2 % Intrinsic Value ₹ 523 Pledged percentage 0.00 % EVEBITDA 11.5 Change in Prom Hold -0.09 % Profit Var 5Yrs 12.0 % Sales growth 5Years 9.61 % Return over 5years 14.7 % Debt to equity 0.44 Net profit ₹ 77,652 Cr. ROE 5Yr 8.73 % Profit growth -0.59 % Earnings yield 6.17 % PEG Ratio 2.19 Disclaimer:- Please always do your own analysis or consult with your financial advisor before taking any kind of trades. Dear traders, If you like my work then do not forget to hit like and follow me, and guy's let me know what do you think about this idea in comment box, i would be love to reply all of you guy's.
NSE:RELIANCELong
by TraderRahulPal
4
Reliance Industries: Opportunity in a Demand Zone ConfluenceReliance Industries Limited (RIL), one of India’s largest conglomerates, has recently experienced a drop in its share price. In the second quarter of FY25, the company reported a 5% decline in consolidated net profit, down to Rs 16,563 crore. While this has weighed on the stock price, it also presents a buying opportunity for traders. Chart Analysis: A Confluence of Demand Zones Let’s take a closer look at the technical picture. If you analyze the weekly chart of Reliance Industries, you’ll notice that the stock is currently trading in a demand zone . This zone is an area on the chart where there is strong buying interest, and it could potentially support the price, leading to a bounce. What makes this setup more attractive is that the stock is also sitting in a daily demand zone , creating a confluence between the two timeframes. Confluences like this increase the probability of a successful trade since multiple factors align in the same direction. Entry 1: Reversal Candlestick Pattern at the First Demand Zone The first potential entry point for a trade comes from the RBR (Rally-Base-Rally) zone , which is the current demand zone on the weekly chart. If you observe a reversal candlestick pattern , this could signal the start of a move higher. Wait for a confirmation of the reversal pattern before entering the trade. This pattern could serve as a signal that the market is ready to rally from the current demand zone. Let’s call this Entry 1 . Entry 2: The Second Demand Zone - A Stronger Opportunity If the price continues to drop, there’s a second RBR demand zone below the current one, and this could provide an even better buying opportunity. What makes this zone particularly strong is that it coincides with a previous resistance level, which could now act as support again . This is known as the Act of Polarity , where old resistance becomes new support & this is also confluence. Entry 2 is compelling because the stock had previously been in a tight consolidation, and this demand zone formed as the price broke out of that consolidation. Now, as the price approaches this zone again, it’s a high-probability area for a bounce. For Entry 2, you can place a stop-loss just below the demand zone, allowing a small buffer. This will protect your trade if the price falls further. Your first target could be the daily supply zone around 2928. Despite recent setbacks, Reliance remains one of the strongest companies in India, with diversified business interests across sectors like telecom, retail, and energy. The current pullback is more of a short-term correction rather than a sign of fundamental weakness. The confluence of demand zones on the weekly and daily charts offers traders a high-probability setup in Reliance Industries. While waiting for a reversal candlestick pattern at the first demand zone is a more conservative approach, the second demand zone presents a stronger opportunity due to confluence of its location at a previous resistance level, which now acts as support. Proper risk management with a stop-loss below the second demand zone ensures that traders are protected if the price drops further. Lastly, thank you for your support, your likes & comments. Disclaimer: This analysis is purely for educational purposes and is not intended as a trading or investment recommendation. I am not a SEBI registered analyst.
NSE:RELIANCELong
by AfnanTAjuddin
2
Jio Financial Services LtdNSE:JIOFIN Long Position on Jio Financial Services Ltd Best Buy : 280+ Stop Loss : Below 255 Targets; 310/360/400/440+++++ About: Jio Financial Services Ltd, a subsidiary of Reliance Industries Limited (RIL), has been rapidly expanding its footprint in the financial services sector, leveraging the extensive customer base of Jio Platforms. With India's growing digital adoption and increasing demand for fintech solutions, Jio Financial Services is well-positioned to capitalize on these trends. Additionally, the backing of RIL provides stability and resources for sustained growth . Technical : Breakout of ascending triangle pattern. Good support from lower levels. Breakout with good volume. Good Risk to Reward Ratio. Thanks & Happy Trading Disclaimer: This idea is only for educational purposes, Please Trade at your own RISK''
NSE:JIOFINLong
by S_Rawat
1
RELIANCE // 4 hour // Support and Resistance"Welcome to SkyTradingMod " Hello Everyone 👋 As of the latest update, Reliance Industries Ltd is trading at ₹3,032.5. Here are some key details: Price Change: +₹13.25 (0.44%) Day’s Range: ₹3,013.25 - ₹3,047.75 52-Week Range: ₹2,220.30 - ₹3,217.60 Market Cap: ₹20.43 trillion Dividend Yield: 0.33% We’re excited to share our passion with you. From expert the latest trends, we’re here to keep you informed and inspired. Stay tuned for our latest posts and join our community of enthusiastic readers!" Let’s make this a space where everyone feels connected and valued!"
NSE:RELIANCELong
by SkyTradingZone
CNXIT Levels // 25 MinHello Everyone 👋 Current Market Overview Current Level: 41,089.85 Market Sentiment: The IT sector has been showing mixed signals with some volatility due to global economic factors and earnings reports. Support Levels 40,800: This is the first major support level. If the index falls below this, it could indicate a bearish trend. 40,500: A stronger support level. Breaching this could lead to a significant downward movement. Resistance Levels 41,300: The first resistance level. Breaking above this could signal a bullish trend. 41,600: A stronger resistance level. Surpassing this could lead to a sustained upward movement. Indicators to Watch Moving Averages: Keep an eye on the 50-day and 200-day moving averages for trend confirmation. Relative Strength Index (RSI): An RSI above 70 indicates overbought conditions, while below 30 indicates oversold conditions. MACD (Moving Average Convergence Divergence): Look for crossovers to identify potential buy or sell signals. Recent News and Events Earnings Reports: Recent earnings reports from major IT companies can impact the index. Global Economic Factors: Changes in global economic policies, especially in the US and Europe, can influence the IT sector. Trading Strategy Tips
NSE:CNXIT
by SkyTradingZone
Reliance Industries Ltd - Breakout OpportunityDate : 20-Aug-2024 LTP : Rs. 2,991.90 Targets: (1) Rs. 3,217 --> (2) Rs. 3,434 SL : Rs. 2,768 on daily close basis Technical View: • NSE:RELIANCE is in it's primary uptrend and was recently going through it's secondary downtrend. • After touching the high of 3,217.60 on 8-Jul-2024, it has retraced 11% to 2,866.50 level. • On 19-Aug-2024, NSE:RELIANCE has broke out from its secondary down trend with higher than average volume and closed above 20 DMA. • On 20-Aug-2024, RSI has entered the buy zone and trading at 50.78. • On 20-Aug-2024, MACD has crossed over it's signal line. • Looking good to start a new swing from here. Like the analysis? Boost/Like the idea and follow my ID. Disclaimer : I am not a SEBI registered analyst/consultant and not recommending anyone to take any BUY or SELL position in stock market. Investing in stock market is risky and one should do a self analysis and validation before investing in stock market. My ideas are published for learning purpose only and are available to everyone at no cost/charge.
NSE:RELIANCELong
by vicky252