#Reliance analysisReliance 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.
Relianceindustries
Reliance Industries Ltd. BuyReliance 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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Reliance 1-Day Time Frame Swing Trade Broken trendline to become bullish on a daily time frame.
t1:2747
t2: 2569
t3: 2475
SL: 2345
Reliance Ind - Possible upmoveStock 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 INDUSTRY MID-TERM SWING TRADE!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 high, stoploss is taken previous swing low. NSE:RELIANCE
Reliance Positional Trade AnalysisGiven Breakout above 2505
Relative Strength turned positive and above 0 in hourly chart
RSI Above 60 in 1 hour chart
Will Reliance Back in actionPattern something similar to inverse H&S forming in Reliance.. breaking 2480 with volume is a big booster for reliance.. Target Open
SWING TRADE - RELIANCE INDUSTRIES - R:R @ 1:2Potential 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 IND: BUY= DAILY+WEEKLY #FINANCIALFOOTPRINTSReliance 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 a buy ?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.
Can RELIANCE Lift Nifty to ATH ???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
RELIANCE INDRELIANCE IND on a daily timeframe ! Target should be around ₹2500-2700 !
🚫Disclaimer:
I'm not an financial analyst! I'm sharing this with public! It just learning purpose only! If u find anything wrong with this post ! U can tell me ⬇️ comments!
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Reliance Trading Setup + Retest + Confirmation candleLong reliance With a targets of its previous high of 2700+ around 20% targets...
Simple Trade Setup | RELIANCE | 03-01-2022[INTRADAY]NSE:RELIANCE
Trade Setup for Date: 03-01-2022
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 or gap down chase. Wait and trade between levels.
Please refer below chart for levels.
Hope I made it easy to understand it.
Do comment your doubt or suggestion.
Note: Trade with Strict SL. It may or may not hit all the levels. So one can book profit / loss at respective level considering how price action works near that level.
RELIANCE TAKING A NICE SUPPORTReliance has taken nice support at 61.8 retracement which is also its previous support trend line . if it breaks then more downturn can be expected, otherwise it should give a nice breakout. So SL should be below the trend line .
RELIANCE TAKING A NICE SUPPORTReliance has taken nice support at 61.8 retracement which is also its previous support trend line. if it breaks then more downturn can be expected, otherwise it should give a nice breakout. So SL should be below the trend line.
Simple Trade Setup | RELIANCE | 29-12-2021 [INTRADAY]NSE:RELIANCE
Trade Setup for Date: 29-12-2021
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.
4) Avoid gap up or gap down chase. Wait and trade between levels.
Please refer below chart for levels.
Hope I made it easy to understand it.
Do comment your doubt or suggestion.
Note: Trade with Strict SL. It may or may not hit all the levels. So one can book profit / loss at respective level considering how price action works near that level.
Simple Trade Setup | RELIANCE | 28-12-2021 [INTRADAY]NSE:RELIANCE
all the trade setup will remain same as per previous.
Trade Setup for Date: 28-12-2021
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.
4) Avoid gap up or gap down chase. Wait and trade between levels.
Please refer below chart for levels.
Hope I made it easy to understand it.
Do comment your doubt or suggestion.
Note: Trade with Strict SL. It may or may not hit all the levels. So one can book profit / loss at respective level considering how price action works near that level.
Reliance and nfity both will resume their uptrend very soon Nifty is following heavyweight reliance. it seems that both are under WXYXZ correction mode and last leg of correction (i.e. wave Z) is under progress. Sub wave (v) of Z may take reliance to 2220 level which is 255 DEMA ( acted as very strong support) and should complete the correction. After completion of this wave, the original trend which is uptrend , will resume. levels are described on chart.
Disclaimer: This is purely for education purpose only. use your own analysis or consult your financial advisor before taking any trade on this analysis.
RELIANCE INDUSTRIES DAILY CHART ANALYSIS AS ON 26.12.21RELIANCE 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 be bearish being year end and monthly expiry in next 5 sessions.Investors may continue to book profits.Avoid fresh long positions. Nifty Support is placed at 16890 / 16837 / 16785 / 16693. Resistance is placed at 17152 / 17214 / 17378.
Simple Trade Setup | RELIANCE | 27-12-2021 [INTRADAY]NSE:RELIANCE
Observations:
1) On 15 min time frame,we can see that it has been facing resistance from the resistance channel.
And major breakout level is at 2400 level range.
On sustainable breakout of 2400 it will be short term bullish.
Please refer below chart : 15 min Time Frame.
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Trade Setup for Date: 27-12-2021
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.
4) Avoid gap up or gap down chase. Wait and trade between levels.
Please refer below chart for levels.
Hope I made it easy to understand it.
Do comment your doubt or suggestion.
Note: Trade with Strict SL. It may or may not hit all the levels. So one can book profit / loss at respective level considering how price action works near that level.
