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Relianceindustries

Simple Trade Setup | RELIANCE | 14-12-2021 [ INTRADAY ]NSE:RELIANCE Observations: 1) On 1day time frame,it couldn't manage to sustain above 21DMA and close below 21DMA. But it is still trading above 100DMA. 100DMA is major support. 21DMA is placed at 2444.06. 100DMA is placed at 2389.26. Major breakout level is at 2500 level. Please refer below chart : 1day Time Frame. 2) On 1hr time frame, it has been trading in triangle pattern since long time. And it is keep on squeezing. And now it is near to the squeezing exaggeration. Breakout on either side, we can see good move. Please refer below chart : 1hr Time Frame. ------------------------------------- Trade Setup for Date: 14-12-2021 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.
NSE:RELIANCE
by Trading_hawk
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