As it can be clearly seen in the chart that reliance is consolidating. keep a close watch on it a break-out on either side can give a good move.
EXPLANATION : This is a 15 Min time frame chart of RELIANCE , It has been in a consolidate for days and has formed an Ascending Triangle Pattern . If give a strong breakout and broke its supply zone with high volumes and retest the same , I am bullish on RELIANCE . If stock break the trend line we plan to short , downside levels marked in chart . If you like...
Reliance after a big fall, is stuck in a falling price channel . Good move on either side (short or long) could be achieved after the breakout of this price channel . Entry should be initiated if reliance gives closing of 15 mins candle breaking the channel . No entry should be taken if reliance takes support and comes back into the channel without giving closing...
NSE:RELIANCE has broken out of yearly Correction and is pulling back to test the support areas before the Earning reports. Eyeing of successful bounce to new Highs after the Quarterly Results.
NSE:RELIANCE Observations: 1)On Daily Time frame: we can see that the retracement is over now and today it gave good bullish candle as a reversal. Now it will go continue it's bullish trend. Please refer below chart : Daily time frame. ------------------------------------- Trade Setup for Date 17-09-2021: 1) Don't Jump in to trade at the beginning...
RELIANCE me hmm log ko dikh rha hai ek ( descending Traingle ) ek ka matlb hota hai ki hmm log dono tarf trade le sakte hai , jidar barck kre udar
Reliance retesting at 2335 and gearing up for upward rally towards 3800's Note :- For educational purpose Do comment on this article with any other insights. I am learning and open for all wise advices.
The Stock of the Good Fundamental Company Reliance, is Retest the Brackout Level, You Can Add This Share in Focus List, ADX is Also Show the Strength
NSE:RELIANCE Retracement is going on. Now I can expect a dip/retracement till 2335 levels. You can also refer my previous post on RELIANCE. Link is mentioned below.
Energy sector looks bullish. Reliance being key component of the sector should be the driving force. Reliance has been trading in range of 1800-2300 since last august. With current scenario of nifty making new highs, it wont be left behind and should create new high to remain in sync with market. Following signs have been observed in Reliance daily chart 1....
NSE:RELIANCE 1 Month, 1 Week, 1 Day, 4 Hours and 15 Minutes analysis of Reliance.
Reliance Demand , Zone below Zone. Good for Swing Trading , A good 1:5 Reward to risk can be Expected on this Trade Setup Entry above the zone and Stop loss below the Zone. if above demand zone violates (breaks) then take entry on the Below Zone. Disclaimer: Above Stock Analysis is based on Price Action , primarily on Institutional Demand and Supply...
Take no new entry right now. ↳ hold existing positions. → buy above 2480 ↳ short term target 2550
NSE:RELIANCE This is simple positional Trade Setup & Levels for RELIANCE for Short/Mid term holding of Equity shares. Do comment your doubt or suggestion.
bullish target 2500 Rs in 2 month and bearish target 2000 its at resistant level 2300 Rs.
Flag pattern Break out. You can see a flag, will this pattern respect technical analysis and take nifty to 20K Level. Or else Makes another channel Let's see. LONG TERM Target 1 - 2900 Target 2 - 3000
NSE:RELIANCE Reliance has given a breakout from parallel channel once Its above 2400 its buy zone otherwise it will be back into channel.
RELIANCE looks good above 2369 till 2908 weak below 2230 (CMP: 2388)