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...
Reliance elliot wave study one total cycle as per elliot wave is matured let see if another impulse phase starts from current demand zone..
Reliance multiple harmonic pattern with same prz levels,,, good confluence zone,, let see if harmonic have power to sustain
TRADE wisely. WE CAN JUST PREDICT. Disclaimer: I am not a SEBI registered advisor , so before entering on my view plz ask your SEBI Registered Advisor . Profit is your and loss is your.
The stock is now out of its long term consolidation .The RSi is above 60 and the long term trend is positive. See chart for targets.
NSE:RELIANCE #RELIANCE touch ATH 2750, retraced and now reached to 2620 levels, sustained above the support. High chances to bounce back and continue positive momentum, Post sustainability confirmation one can try 2600/2620 CE with same 2600 level as SL. Happy Trading !!
28-May-2021 NSE:RELIANCE Reliance looking good for targets 2200 & 2350 Reliance has been consolidating within a band 1830 to 2230 for quite some time. The volumes since last two sessions appear encouraging. Today its started an small up-move that may likely take it to 2116, 2200 & maybe even 2350 in the coming weeks.
Reliance 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...
Reliance 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...
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...
The stock is getting stronger and is rising up.The targets in near term are shown on chart.
The stock has broken out the previous resistance of 2369 and looking good to buy if sustains above 2400 for marked targets on the chart until 2240 is intact on the closing basis. To motivate me, Please like the idea If you agree with the analysis. Happy Trading! InvestPro India Team
Long long Reliance share. in coming days ready for the BO level. consolidation can be seen near the major resistance level. Can add more stock at the current price . Once Bo we can easily touch the level of 2775-2800. Good volumes can be seen on charts. This is for your educational information only.
EXPLANATION : 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...
Long in Reliance, we can expect a very good move in coming days up to 3230 to 3299
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...
Reliance is going to touch the target of 2699 till Diwali.