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Relianceindustries

RELIANCE INDIn Reliance RK's momentum sell signal is already activated on daily chart, and yesterday finally it break down from that rising channel, and today we closed below 20dma along with close below RK's stop line which is at 2635, now we can say that yes we are in bearish phase. As per Elliot wave structure also, wave E of the ending pattern ended in april and fall was wave i and recent bounce was wave ii and the next move that has started should be wave iii, which can go towards south direction where the lower end of the wedge is near 2300 and if wave iii is going to be equal to wave i, that level is near 2335, these are the possible levels to watchout for. MACD in daily negative crossover macd in weekly down tick RK's momentum turned negative on weekly rsi on daily down tick price below 20 dma RK's momentum sell signal activated on daily chart Most investors treat trading as a hobby because they have a full-time job doing something else. However, If you treat trading like a business, it will pay you like a business. If you treat like a hobby, hobbies don't pay, they cost you...! Disclaimer. I am not sebi registered analyst. My studies are for educational purpose only. Please Consult your financial advisor before trading or investing. I am not responsible for any kinds of your profits and your losses.
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by RK_Chaarts
6
Reliance Stands for Blast in 1hr TFHello Friend's, 🤗🤗 This stock is mostly suggested for 14-06-2022 Intraday players. As we can 👀 that what is happening with Reliance Industries. In keep of mind of today, we will ready for both side. We are ready with global🌎 sentiments also. We will go to buy side when stock cross its price 2681 &substain above min 5 to 10 minutes. With the accurate target🎯 of 2700,2730. But if reliance crosses 2610 &substain below then we will go to down side with the accurate target🎯 of 2590,2560. Our view🧐 is totally on both side. In fact it is the leader of all industries. So friend's, 🧐Don't forget to add it on your watchlist. Have a nice day traders👍👍 🤗🤗
NSE:RELIANCE
by Oceansking
1
#Reliance Swing Target NSE:RELIANCE Reliance resistance level ( target ) is still far from current level so whoever already in swing trade cdan hold it with trailing stop loss ones reach at PRZ and finreversal then only book long and one can short as well from there. 📌 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 Patterns. 📌 That Dash Line Is Called PRZ, From That Dash Line To that Horizontal Simple Line Area Is Whole PRZ(Price Reversal Zone). ******whatever charts or levels sharing here or on any other platforms are just for educational purpose only, Not A Recommendation To Buy Or Sell. Please do your own analysis before taking any trade on them. We are not SEBI registered.
NSE:RELIANCEShort
by linesandlevels
Reliance Ind / RIL - trade setup - 25 April 2022Reliance made all time high breakout on 21 Apr gaining over 60 points during the day. RIL helped a lot to lift nifty on the day. on April 22 though RIL opened with a small gap down giving indication that this is the breakout level retest. This gave concern, as all time breakout should not have a intraday retest. Retest should have happened after 2-3 days after showing the strength. But the strength got lost very soon. This huge dogi on daily chart is the second concern on RIL bull rally. In 1 hr chart reliance has already made double top after the breakout, creating M pattern at top. This is another signal possible reversal. Note: All prices mentioned here are as per spot. RIL Trade setup for Monday 25 April 2022: Trade setup # 1 (Short setup ) : If RIL open flat (between 2750-2758) and moves down Short below 2747 SL - 2764 Target - 2700 / 2670 / 2630 Trade setup # 2 (Short setup ) : If RIL opens higher but below 2792 Short between 2787 - 2792 SL 2796 Target 2061 ( If RIL slips even lower then Trade setup # 1 can be executed) I do not suggest attempting to go long as it will involve high risk sighting global cues and Dow/Nifty trend, and will demand constant attention. So not posting the trade setup. however the breakout level on the upside will be 2808 and target can be as high as 2850 / 2910 Disclaimer: This is just my view on the stock/index. I'm not a registered advisor on market analysis. The idea is published only to spread my views on the trend and price movement probability, and gather feedback to cultivate healthy discussions. Please do your due diligence before investing your money. Remember, you're responsible for your investments and trades.
NSE:RELIANCEShort
by anuragcoma15