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.
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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...
Stock broke the falling trend line and sustained
Also broke the strong rejection area and sustained
Now ready for immediate upside of 2750
2500 may act as strong support area
RELIANCE INDUSTRIES a per daily chart analysis stock above 2380 level for a target 2400 level. Resistance are at 2406 and 2474. Stock Below 2357 level for a target 2347 level. Support are at 2340 and 2311 Level. Nifty monthly chart forming indecisive doji , weekly chart forming bullish candle and daily chart forming a bearish candle shows this week may continue to...
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.
Reliance has formed an inverted hammer, expected to retrace till 2490 levels or more. Good buy at the retracement of 2470 to 2500 with a Target 1 at 2600 then at 2660.
Reliance is trading in the channel with an upward bias on a weekly chart.
2600 and 2710 are levels to watch out for.
Above 2710, 3253 is the next level where the price can meet resistance as per Fibonacci.
Strong support visible at 2331, in case of retracement.
Also, stock is above the 40 and 10 weekly EMA.
Got long on RIL at an average of 2508. Reason for trade:
1. Good location (Weekly trendline & 200dma).
2. Reverse Head & Shoulder pattern break.
3. LL LH Structure break.
Note - This is only for educational purposes. I am not a SEBI registered advisor. Please take any trade after consultation with your financial advisor.
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...
Potential Opportunity as Swing Trade in RELIANCE INDUSTRIES
Risk : Reward - 1:2
Entry - 2462
Stop Loss - 2330
Target - 2728
This is for Educational Purpose only, apply your prudence & consult your adviser before any investing.
#nse #swingtrade #nifty #reliance #nifty50 #bullishflagbreakout
Reliance industries is in a powerful uptrend in daily as well as weekly chart . It gave a good breakout of secondary downtrend line. It consolidated after breakout , which is a sign of sustainable breakout. It is above 20 DMA but below 50 DMA, Once it crossed 50 DMA it will gain good momentum.
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.
Trend Line Breakout after nearly 3 months.
Moving Average crossover done recently (5EMA)
Above 2475 reliance can climb 2600 uni directionally.
Targets : 2600 and 2800 && SL: 2350
Time frame : 1-3 months
NSE:RELIANCE
HI ALL,
EQTY NAME - Reliance (RIL)
BUY ABOVE - 2432 TARGET 2470+ SL 2405
SHORT BELOW - 2400 TARGET 2460 SL 2430
DISCLAIMER- kindly do your own analysis before investing.
![RELIANCE: Simple Safe Trade Setup | Reliance | 18-01-2022 [INTRADAY]](https://s3.tradingview.com/3/3rdhyF4p_mid.png "Simple Safe Trade Setup | Reliance | 18-01-2022 [INTRADAY]")
