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Relianceindustries

RELIANCE Long Call Analysis @CMPRIL is trading in 2 beautiful parallel channels as you can see in the chart. After the recent fall from its highs of 2750+, the stock has taken support from the lower band of upper parallel channel. This view is supported by a supremely bullish Doji (Bullish Hammer) Candle, this signs a strong pullback to retrace its previous highs of 2750. Possibility of a strong breakout can NOT be avoided, if the stock gains strong momentum from here. I am personally bullish on this stock and added a few stocks at this level for trading purposes. Go LONG on Reliance. *** I am Not SEBI registered. Kindly take advise from your consultant before taking trade.***
NSE:RELIANCELong
by ParyataK
Reliance Sell I hope you can now see how Reliance represents an excellent low risk profit entry setup allowing you to trade in the market. Take positions so that the risk/reward is in your favor. Knowing why, where & when a strong reversal signal is being generated will be the only way to capitalize on your technical analysis . Disclaimer: It should not be assumed that the methods, techniques, or indicators presented in these chart will be profitable or that they will not result in losses. There is no assurance that the strategies and methods presented will be successful for you. Past results are not necessarily indicative of future results. You should not trade with money that you cannot afford to lose. Examples presented in these charts are for educational purposes only and it should not be assumed that these are indicative of ordinary trades. These setups are not solicitations of any order to buy or sell. The publisher assume no responsibility for your trading results. There is a high degree of risk in trading.
NSE:RELIANCEShort
by EntryandExit
Reliance Industries Short (don't buy only sell)NSE:RELIANCE reliance may fall there are several reasons 1) it has formed a head and shoulder pattern and has given a breakdown. 2) if you notice breakdown candle is bearish "marubozu", showing people are selling at all prices. 3) it broke 50 ema showing weakness in the stock 4) RSI is below 50 showing bear grip 5) it has to take support now at the support level according to Fibonacci and pivot if it breaches that level downfall starts. 6) at Target 1 Fibonacci level, support line, pivot lines and 100 ema are matching each other showing strong support. 7) volume is not so great but it's average. 8) in the option chain "call side" people have hugely added open interest at 2500ce strike price means people have shorted 2500 assuming the market will fall or consolidate below 2500. 9) in the option chain "put side" people have hugely added open interest at 2400pe strike price and premiums are going up showing its a long build-up, assuming the market will fall below 2400. if you are looking to buy, buy only after signs of bull grip. Disclaimer: I'm not SEBI registered guy
NSE:RELIANCEShort
by rajeevpatil
2
Reliance, Saudi Aramco deal re-evaluate - Interesting developmen1. Buyers from a and b were happy that Reliance made 2600. Many who missed this move would be regretting not entering around 2460. 2. c gave buyers chance to buy again around 2450 with hope of 2600 and higher and many bought on 18th Nov. 3. Where they are going to keep their stop ? At what level are these buyers going to exit ? 2450 and 2400. 4. Here is where Reliance - Saudi deal re-evaluation news comes in - PRICE WILL GO BELOW 2450, 2400 LEADING TO FLUSH OF THOSE ALREADY HOLDING IT. 5. Around 2300 - 2360 is weekly time frame support for Reliance. So if buying comes and we see a reversal above 2400 withing few days then we will have up move to 2600 and 2750. BUY because - 1. Buyers flushed. 2. Sustaining above 2400. 3. Shorts who entered below 2400 trapped now. 4. Negative news having no affect - means positive for up move. 5. Enter above 2400.
NSE:RELIANCE
by NaveenGr
2
RELIANCE INDUSTRIESReliance went below the 40DEMA but it has made a comeback after touching the daily lower Bollinger band. More importantly, the daily trend indicator MACD has now turned towards bullish, but still crossover is pending in daily MACD, Overall chart structure suggests that wave 5 can be possibly unfold now. As per Elliot waves guidelines and fib levels principle it can touch 2917 levels in fourth coming sessions, On the way down, 40DEMA and the swing low i.e.2523 and 2456 respectively, will be the support levels to watch out for in the near term. All the key levels along with stop loss and targets are mentioned on chart. One can go long at current levels or in dips ( if any ). Key levels and wave structure macd in daily turned uptick, converging towards positive macd in hourly positive, uptick above zero line Disclaimer I am not sebi registered analyst My studies are for educational purpose only Consult your financial advisor before trading or investing I am not responsible for your profits and losses
NSE:RELIANCELong
by RK_Chaarts
Reliance short for short termI hope you can now see how Reliance represents an excellent low risk profit entry setup allowing you to trade in the market. Take positions so that the risk/reward is in your favor. Knowing why, where & when a strong reversal signal is being generated will be the only way to capitalize on your technical analysis . Disclaimer: It should not be assumed that the methods, techniques, or indicators presented in these chart will be profitable or that they will not result in losses. There is no assurance that the strategies and methods presented will be successful for you. Past results are not necessarily indicative of future results. You should not trade with money that you cannot afford to lose. Examples presented in these charts are for educational purposes only and it should not be assumed that these are indicative of ordinary trades. These setups are not solicitations of any order to buy or sell. The publisher assume no responsibility for your trading results. There is a high degree of risk in trading.
NSE:RELIANCEShort
by EntryandExit
1
RELIANCE HAS A HUGE CHANCES TO TOUCH 2400 LEVELS I have given the reasons why I am bearish on RELIANCE INDS in the chart itself,Do have a look into it before initiating a trade in it. This is just an analysis which has a possibility to go wrong, Do trade with proper risk management and a stoploss. 2400 will be a good price to accumulate RIL for long term. DO LET ME KNOW SHOULD I MAKE A POST ON ANCHORED VWAP? FOLLOW me for more such content ahead...Till then, HAPPY TRADING :)
NSE:RELIANCEShort
by keshevdugar
9