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Relianceindustries

Simple Trade Setup | RELIANCE | 23-08-2021NSE:RELIANCE Observations: 1) On 15min Time frame, it is trading in downward channel. Please refer Chart below: 15 time frame. 2) On 1 Hour Time Frame, it is now back to its neckline after giving breakout of inverse head and shoulder. As per theory it should now test this neckline and give bullish move upside. Please refer Chart below: 1hour time frame. ------------------------------------- Trade Setup for Date 23-08-2021: 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) If it breaks out the parallel channel then it will give up move and if it breaks down the parallel channel then it will give down move. If you know the scalping and experience trader then you can do in between the parallel channel with the levels and if you are a safe trader then better to wait until it gives the breakout or breakdown from the parallel channel and then take trade from the mentioned levels. 3) Everything is mentioned on the chart. I hope it is easy to understand. 4) All the levels will work as support, resistance, entry and target w.r.t price action working near that level tomorrow. Hope I made it easy to understand it. Do comment your doubt or suggestion.
NSE:RELIANCE
by Trading_hawk
5
Reliance may breakdown furtherHead and shoulders patterns observed in Reliance Industries with a slanted neckline. The neckline got broken and can be tested at 2100 level. If it fails to rise above 2100 and sustain, we could see a short opportunity with targets mentioned in the chart. The logic has been explained in the chart. Being a Nifty heavyweight, it could drag nifty further down below 15700 levels. As markets are waiting for IT heavyweights results, Nifty seems neutral to bullish. Anyways this could be a short trap. So, please maintain a strict SL of 15 points.
NSE:RELIANCEShort
by Sanjan91
Breakout in Reliance and also How to Find Breakout Trades. NSE:RELIANCE Reliance Breakout: Reliance has given breakout to both trending resistance and A strong supply zone. With a Kind of inverted head and sholder pattern. And has given closing above both the resistance. A short retracement can come but there is less probability of it. Short term targets will be 2250- 2300+ For holding period of 1-2 week maximum. How to fing Breakout Trades: All the people watching my ideas regulaowould notice that I give Trade signals only for breakout Trading. This is because Breakout with volumes show us Institution Entery in the stock. It can be Traced by Following points. 1. breakout of Horizontal resistance and closing above it on day closing basis. 2. Breakout of a Trendline and closing above it on day closing basis. 3. Breakout of supply or and closing above it on day closing basis. 4. All the Breakouts must be done with High Volumes or volumes more than 20 Moving average of volumes. 5. We must buy the stock on breakout but Always consider a Retracement after it, Not necessary that Everytime a Retracement would come but we must consider it. Note :- the Above trade is only for educational purposes please make your own research too before investing We would not be responsible for any profit or loss of yours on this Trade.
NSE:RELIANCELong
by Arshad_Khatib
6
Simple Trade Setup | RELIANCE | 16-08-2021NSE:RELIANCE Observations: 1) On Daily Time Frame it looks like an inverse head and shoulder pattern. And closed at the neckline which is 2145 level range. Please refer Chart below: 2) On Daliy time frame it has also closed above 50MA. 3) Next up level which has open interest addition is at 2160 call option. But an interesting thing is that for 2200 call option there was good short covering seen. 4) On 15min time frame it has been trading in channel. Taking resistance from upper trendline and taking support from bottom trendline. ------------------------------ Trade Setup: 1) If it breakout and test the upper trendline then it will be a buy trade. 2) But if it breakdown the upper trendline then from respective level it will be short trade entry with SL of upper trendline or the upper level. 3) All the levels will work as support, resitance, entry and tareget w.r.t to price action near to that level. Hope I made it easy to understand it. Do comment your doubt or suggestion.
NSE:RELIANCE
by Trading_hawk
3
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