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Relianceindustries

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
Reliance Industries tests the demand zone before the results dayReliance Industries are out tomorrow. The stock has fallen more than 3% to test the potential reversal zone of the harmonic pattern XABCD or the demand zone. As we can see, in the last hour price has bounced off the zone with good volumes. The price has to stay above this zone or else it could test 2500 or even lower by the long unwinding. If sustained above the zone, could even take out the ATH. Shark patterns often come when the corrections are sudden and deep, which is perfectly suited in this case. Maintain strict stoplosses though. Happy trading :) This is just for educational purposes.
NSE:RELIANCE
by Sanjan91
Reliance harmonic and elliot wave studyReliance spot cmp 2710 Harmonic + Elliot wave study Time frame :- Daily Bearish deep crab pattern formation with PRZ in range 2710-2740,, Alternate 1.618 AB= CD pattern matures around same levels.. From last 5 sessions counter is making high around 2720 levels and not able to close on higher end, Today counter gave good breakout above the consolidation of last 4 sessions but at last was not able to sustain and got sold off and again closed below 2720 levels, indicates fresh buying is missing around this levels. Counting from right to left 2 candle is long legged doji where there was indecision between bulls and bears to take the control,, Today bull took the charge but were unable to handle and landed with long tail on higher side of daily candle.. Elliot wave formation,, at the moment impulse wave 5 of major wave (3) is on verge to mature ,, if major wave (4) unfold form current levels, we may see retracement of 23.6 to 38.2% of recent swing move which may lead prices towards 2560-2480 levels. Rsi divergence observed between peak of minor wave 3 and peak of wave 5,, where prices are making higher high but RSI fails to make higher high. Reversal confirmation can be seen one last 5 sessions low is broken and sustained..
NSE:RELIANCE
by RUDRA007
1
Simple Trade Setup | RELIANCE | 18-10-2021 [INTRADAY]NSE:RELIANCE Observations: 1) On 15 min time frame, we can see formation of cup and handle pattern. Please refer below chart : 15min Time Frame. 2) On 1 day time frame, if we apply FIB RETRACEMENT then we can see that critical level to breakout on daily time is 2702.45 level. But for safer side we will consider the high of previos candle which is coming at 2720 level. So we can put the major resistance at 2720 level. Breakout of it will give bullish move and we can see the ultimate target of 2778 in short term. Please refer below chart : 1day Time Frame. ------------------------------------- Trade Setup for Date 18-10-2021: Most of the levels will remains the same as per previous setup. 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
Levels for - 14 Oct 2021EXPLANATION : This is a 15 min time frame chart of RELIANCE . It has taking trendline support , If give a strong breakdown and broke its trendline & Demand zone with high volumes and retest the same , I am bearish on RELIANCE . If support is taken from trendline & give a strong breakout and broke its Supply zone with high volumes and retest the same , I am bullish on RELIANCE . The level will be 2750 . If you like the analysis give a Like // Follow for more updates , let me know in comments below :)
NSE:RELIANCE
by pranav_nanavare
Reliance is ready for big move…Reliance is ready for big move… Reasons/Traits : • 0.236 Fib levels support can be seen • Taking support at 13 EMA • Consolidation during uptrend can be seen • Bullish Cross Doji formed today (bullishness) What can happen next : Scenario 1 : If price break 2435 then can go up to 2480/2500/2550/2600/2650 Scenario 2 : Stock if breaks the 13 EMA support and 0.236 Fib level support can go to 2275/2225/2180/2150 Disclaimer : This analysis is only for educational purpose and not be considered as any trading idea/tip. Please consult your financial advisor before you take any trade and we are no way responsible for your profits/losses. Thank you!
NSE:RELIANCE
by AdhigamaTrading