Reliance 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 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.
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...
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...
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...
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...
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. ------------------------------------- Trade Setup for Date:...
Reliance has strong support zone at 2300-2280 levels and looking good to buy on Dips until these levels are intact on closing basis. To motivate me, Please like the idea If you agree with the analysis. Happy Trading! InvestPro India Team
RELIANCE INDUSTRIES as per daily chart analysis below 2333 for a target 2313 and the stock has a good support at 2302 level.
Looking primed for a leg down into the untapped Monthly Demand Zone. We have a MSB and SFP on monthly at ATH rejected. This could become one of the catalyst that drags down Nifty50 with it to 16k as this is the biggest company in the Index and country. Not financial advice, DYOR Good Luck!
Stock is currently trading at its support zone, can show a bounce back for the following resistances 2386-2430-2470 in short to medium term against the support zone of 2290.
Reliance Monthly Chart is forming Cup and Handle Pattern
Likely it is preparing a move to its all time high. Any break out from this zone would lead to a massive up move Target 2750 SL 2270 (would rather suggest to accumulate at lower levels) ** Keep in mind that sentiments are bearish for nifty. So it would be best to accumulate in parts
We need a decisive price beakout above 2500 for reliance to move up...till then no positions
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...
reliance forming cup with handle for buying position for midium duration
Reliance ( RIL ) was forming Head and shoulder pattern in 1D time frame. few days back it has breached the pattern and made a good low. now it has passed the retest from neckline and faced rejection from the resistance, in my view Reliance can make a new low from here and i am bearish on this. Support zone can be Found as 200 day EMA.
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