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Relianceindustries

Simple Trade Setup | Reliance | 12-08-2021NSE:RELIANCE Simple Trade Setup On 15min time frame if you see it made kind of W pattern. And breakout level of it is exactly at 2120 level. Also it is facing resistance from black trendline and breakout of that trendline will give good up move. Levels and targets are mentioned on the chart. Hope it is easy to understand. On Daily Time Frame it looks like it made inverted head and shoulder pattern. Please refer below chart. Hope I made it simple to understand levels and trade setup. Do comment your doubt or suggestion. All the best. My personal view will be more bullish if it breakout 2126 levels.
NSE:RELIANCE
by Trading_hawk
2
Simple Trade Setup | RELIANCE |05-08-2021NSE:RELIANCE Trade Setup for 05-08-2021 Fresh Buy side entry only above 2110 level. All the levels will work as Support, resistance, entry and exit w.r.t price action on particular day near to that level. If you are already an experience trader then you can even short from the above levels. But if you want to take safe trade on buy side then better to follow the trade setup. My personal view is bullish on RELIANCE. Do comment your doubt or suggestion if any.
NSE:RELIANCELong
by Trading_hawk
1
Simple Trade Setup | RELIANCE | 04-08-2021NSE:RELIANCE Today, 03-08-2021, It broke the 2085 level and closed above it. trade setup for tomorrow,04-08-2021 If it goes down to take support from range 2078-2085 then it will be a buy opportunity to trade. For safe trade if it comes back to 2085 and break it or if it trades above 2085 level then it will be a good entry. Better to book partial profit at 2095 level. Once it breaks 2110 level it will be good bullish. My personal view is bullish on Reliance now. do comment your doubt or suggestion.
NSE:RELIANCELong
by Trading_hawk
3
All the reasons to Buy Reliance Tommorow. (Swing / Intraday)Looking at the past record Reliance has always fallen before making a new high. Nifty made an all time high on Aug 3 and crossed 16150 levels. This gives a confirmation that there are new buyers and the downtrend has stopped as Reliance has the maximum weightage in Nifty. Looking at the new deals and products that Reliance is coming up with it will definitely cross 3000 levels or more. Currently Reliance is sitting at a breakout zone mentioned in the chart and taken support from 50 Simple Moving Average and has given a closing at the breakout. Reliance is also sitting at a long term trend line which started from 450 levels. RSI levels are also increasing on multiple time frames. The Levels are marked in the Chart along with the breakout zone you can use the support resistance to enter or exit according to your own risk appetite.
NSE:RELIANCELong
by pushpitchhabra93
Reliance Symmetrical Triangle PatternReliance Symmetrical Triangle Pattern Reliance Making Symmetrical Triangle Pattern That May Be Broken Up or Down Symmetrical Triangle Pattern – Meaning, Formation & Trading The symmetrical triangle pattern is a continuation chart pattern like Ascending and Descending Triangle patterns. This pattern is characterized by two converging trend lines that connect a series of troughs and peaks. The trend lines should be converging to make an equal slope. This pattern indicates a phase of consolidation before the prices breakout. What is a Symmetrical Triangle Chart Pattern? The Symmetrical Triangle Chart Pattern indicates an ongoing period of price consolidation before the prices breakout. A bullish symmetrical triangle is a bullish continuation chart pattern, the movement preceding the triangle’s formation must be bullish . On the other hand, A bearish symmetrical triangle is a bearish continuation chart pattern, the movement preceding the triangle’s formation must be bearish . The symmetrical triangle pattern is different from a descending or ascending triangle pattern as both triangles’ lower and upper trend lines slope towards the center point. A horizontal upper trendline is formed in ascending triangles that predict a higher breakout. With a descending triangle , a horizontal lower trendline is formed that predicts a lower breakout. The trend lines should be equal in their convergence slope when a symmetrical triangle is formed.
NSE:RELIANCE
by prajwalasp
RELIANCE || Simple Intraday Setup 30-07-2021NSE:RELIANCE RELIANCE is still having bearish trend. It couldn't break that trendline. Also took resistance below the critical zone mentioned on the chart. For Intraday trader, you can play between the levels marked on the chart. If some particular level break out then it will give a buy trade till next level on the up side. And it some particular level break down then it will give a sell trader till next level on the down side. But take the trade once you get the 15min or at least 2 consecutive 5min candle to consider as breakdown or break out. Trade with SL. Hope my ideas are helping you to understand levels, price action and taking the trade from the right level. Do comment if you have any suggestion or doubts, I will try to response as soon as possible.
NSE:RELIANCE
by Trading_hawk
3
RELIANCE TARGET HIT | TRADE SETUP 28-07-2021NSE:RELIANCE Reliance gave a good opportunity to short below 2070 level and hit our first target at 2055. Trade Setup for 28-07-2021. Today at the end of the day closed in the rage of our first target on short side 2055. Now this level will work as our entry level for short side. If it takes the resistance from this level and then our next target for the short side will be 2035. I don't see any movement below 2030 at this moment in Reliance. Hope you had a good profit from this trade today. Do comment if my ideas are helping you to understand trend, levels and price action. Let me know if you have any doubt or suggestion.
NSE:RELIANCEShort
by Trading_hawk
Target 2 hit today in Reliance | Simple Intraday Setup 29-07-21NSE:RELIANCE RELIANCE is still having bearish trend. For Intraday trader, you can play between the levels marked on the chart. If some particular level break out then it will give a buy trade till next level on the up side. And it some particular level break down then it will give a sell trader till next level on the down side. But take the trade once you get the 15min or at least 2 consecutive 5min candle to consider as breakdown or break out. Trade with SL. Hope my ideas are helping you to understand levels, price action and taking the trade from the right level. Do comment if you have any suggestion or doubts.
NSE:RELIANCE
by Trading_hawk