reliance industries take long if sustain above 2500 DCB sl 2300DCB
NSE:SBIN Black FRIDAY SALE is ONNNNNN #Black FRIDAY SALE is ONNNNN Black FRIDAY SALE is ONNNNNN
What s up Traders, Everyone's favorite Reliance INDS took support from weekly trendline and previous swing high.. One can Initiate a good long position in RIL according to their risk reward setup.. Best range for SL would be below the trendline.. Thanks!!! NSE:RELIANCE
NSE:RELIANCE #NSE:RELIANCE Zoomed today 2400 CE shared and it touched 133 and bagged almost 19K per LOT. Other scripts shared for reference !!
RIL 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...
Trend suggestt some bit upward move with Retracement which may take long time to give upside boost. Expecting that upside 2750-2780 levels can give Supply presure for downfall upto 2405 levels in short range. Everything mentioned in chart with Trend. {Views are only for Educational Purpose.}
Reliance has become weak after ARAMCO deal news. RSI level of 38.39 not broken since May 2021 is now broken. Moving towards 2314 . First support 2314 . Second support 2231. Analysis for self record only.
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...
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...
1. 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...
On Support level .. Fibo Retracement 38.2 level.. BUY for Target 2595 and 2660 SL on Closing Basis at 2435 buy with 2.4 Risk to Reward Ratio..
Reliance 4 hour chart indicates bullish Target of 2650 in the next 2 to 3 trading session . Have a strict stop loss as per your Risk management.
Reliance 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...
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...
Watchout! There are 2 possibilites in Reliance Stock (as shown in chart) Possibilty 1 : Can Take support of 50EMA Possibility 2 : Can take support 2330 levels Trade with proper sl, I personally think it will take support of 50EMA and can give reversal, Lets see how it goes Trade on your own risk. Happy Trading!!
Reliance Industries Ltd has formed a Bullish Wolfe Wave structure in Hourly chart.This could trigger a target for 2570 to 2676. The SL very strictly stands to be at 2500. The last Analysis done on Reliance was on 31st July 2021 at 2030 Level. And the bottom was very accurately predicted.And rest is History.Link is below Chart & Analysis -ADARSH DEY
NSE:RELIANCE #RELIANCE Bo the resistance level, one may try 2520 CE with resistance level as SL beginners may reach me in case of queries on this level. Happy trading !!
Reliance Industries is facing resistance of the upper channel line. Watching 2600 level as resistance.