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Relianceindustries

RELIANCE // 4 hour // Support and Resistance"Welcome to SkyTradingMod " Hello Everyone 👋 As of the latest update, Reliance Industries Ltd is trading at ₹3,032.5. Here are some key details: Price Change: +₹13.25 (0.44%) Day’s Range: ₹3,013.25 - ₹3,047.75 52-Week Range: ₹2,220.30 - ₹3,217.60 Market Cap: ₹20.43 trillion Dividend Yield: 0.33% We’re excited to share our passion with you. From expert the latest trends, we’re here to keep you informed and inspired. Stay tuned for our latest posts and join our community of enthusiastic readers!" Let’s make this a space where everyone feels connected and valued!"
NSE:RELIANCELong
by SkyTradingZone
CNXIT Levels // 25 MinHello Everyone 👋 Current Market Overview Current Level: 41,089.85 Market Sentiment: The IT sector has been showing mixed signals with some volatility due to global economic factors and earnings reports. Support Levels 40,800: This is the first major support level. If the index falls below this, it could indicate a bearish trend. 40,500: A stronger support level. Breaching this could lead to a significant downward movement. Resistance Levels 41,300: The first resistance level. Breaking above this could signal a bullish trend. 41,600: A stronger resistance level. Surpassing this could lead to a sustained upward movement. Indicators to Watch Moving Averages: Keep an eye on the 50-day and 200-day moving averages for trend confirmation. Relative Strength Index (RSI): An RSI above 70 indicates overbought conditions, while below 30 indicates oversold conditions. MACD (Moving Average Convergence Divergence): Look for crossovers to identify potential buy or sell signals. Recent News and Events Earnings Reports: Recent earnings reports from major IT companies can impact the index. Global Economic Factors: Changes in global economic policies, especially in the US and Europe, can influence the IT sector. Trading Strategy Tips
NSE:CNXIT
by SkyTradingZone
Reliance Industries Ltd - Breakout OpportunityDate : 20-Aug-2024 LTP : Rs. 2,991.90 Targets: (1) Rs. 3,217 --> (2) Rs. 3,434 SL : Rs. 2,768 on daily close basis Technical View: • NSE:RELIANCE is in it's primary uptrend and was recently going through it's secondary downtrend. • After touching the high of 3,217.60 on 8-Jul-2024, it has retraced 11% to 2,866.50 level. • On 19-Aug-2024, NSE:RELIANCE has broke out from its secondary down trend with higher than average volume and closed above 20 DMA. • On 20-Aug-2024, RSI has entered the buy zone and trading at 50.78. • On 20-Aug-2024, MACD has crossed over it's signal line. • Looking good to start a new swing from here. Like the analysis? Boost/Like the idea and follow my ID. Disclaimer : I am not a SEBI registered analyst/consultant and not recommending anyone to take any BUY or SELL position in stock market. Investing in stock market is risky and one should do a self analysis and validation before investing in stock market. My ideas are published for learning purpose only and are available to everyone at no cost/charge.
NSE:RELIANCELong
by vicky252
Reliance Industries LtdSupport Level: ₹2,716 This is a critical support level, as indicated by the orange line on the chart. The stock price is approaching this level, which could provide a buying opportunity if the price rebounds. Resistance Level: ₹3,212 The upper boundary of the rising channel acts as a resistance level. A breakout above this level could signal further bullish momentum. Stop-Loss: ₹2,708 A stop-loss slightly below the support level helps protect against further downside if the support fails. This level minimizes losses while allowing for potential upside gains. Target 1: ₹3,000 - Psychological Level Set the first target at ₹3,000, a psychological round number where traders might take profits. It offers a conservative approach given the current pullback. Target 2: ₹3,212 - Upper Channel Boundary The second target at ₹3,212 aligns with the upper boundary of the channel, representing a potential reversal or continuation point. Technical Insight: Testing Channel Support Buying Opportunity.
NSE:RELIANCELong
by Priyanshu_dayal
Reliance Industries Approaching Key Demand ZoneReliance Industries ( NSE:RELIANCE ) is approaching a significant daily demand zone. This demand zone is noteworthy due to its historical impact: following its formation, Reliance has broken through previous resistance levels and reached an all-time high. Key Observations: Strong Demand Zone: The current demand zone has demonstrated substantial strength in the past. Its formation preceded a major breakout to new all-time highs, highlighting its robustness. Breakout Confirmation: After this demand zone formed, Reliance surpassed its previous resistance levels, underscoring the demand zone’s significance in driving the upward momentum. Opportunity: Given the strength of this demand zone, the current price level presents a potential high-reward trading opportunity. Entering trades at this demand zone could offer an advantageous risk-reward ratio. Disclaimer: This analysis is for informational purposes only and does not constitute trading advice. Always conduct your own research and consult with a financial advisor before making investment decisions.
NSE:RELIANCELong
by AfnanTAjuddin
Short Term Trading Opportunity in Reliance Ind or >7% upsideHi, NSE:RELIANCE has given a Bullish Flag Breakout on Daily charts with very good volume. MACD is also on the bullish side on Daily and Monthly time frames. RSI is also on the bullish side on daily, weekly and monthly time frames. In the current market scenario, I am expecting that the bullish momentum will continue. Complete price projection like entry, stop loss and targets mentioned on the charts for educational purpose. Don't Forget to Follow me to get all the updates. Please share your feedback or any queries on the study. Disclaimer: Please consult your financial advisor before making any investment decision.
NSE:RELIANCELong
by raigvivek
Head and shoulder in Reliance Industries.Major support levels :- 2575, 2550, 2531 Resistance:- 2600, 2620 If it takes out the upper level of 2620 and closes above it on weekly chart, it can give nice up move. Positional stock or stock future trades can be initiated. Intraday trades can be taken on both the side. Bearish trade for an intraday trade can be initiated on the breakdown of the H&S pattern on the hourly candle close. Wait for the price action near the levels before trading.
NSE:RELIANCE
by TheMamboMomentum
8
Reliance Industries: The Mukesh Ambani of Stocks Attention, traders! Buckle up, because Reliance Industries Limited is ready to take off like a rocket ship to the moon! 🚀📈 We’ve spotted some exciting price action and technical patterns that you won't want to miss. Let’s dive into the details. I. Price Action Overview Chart Analysis Current Price: ₹3,061.10 Daily High: ₹3,075.00 Daily Low: ₹3,012.00 Volume: 14.192M II. Key Technical Indicators Bullish Flag Pattern: RIL is climbing faster than Antilia's elevator during a power outage. The chart clearly shows a bullish flag pattern, a classic continuation pattern indicating potential upward movement. Breakout Confirmation: We've seen a solid breakout from the flag pattern, signaling a potential rally. Volume Breakout: Trading volume is higher than the number of JioMart deliveries on a Sunday. This suggests strong conviction in the move. Accompanying the price breakout, there's a significant increase in volume, further confirming the bullish momentum. III. Trading Idea: For the brave Ambani-wannabes out there, riding this uptrend could be more thrilling than a Bollywood blockbuster. But remember, timing the market is as tricky as navigating Mumbai traffic during monsoon! Price Targets and Support Levels Immediate Resistance: ₹3,100.00 - This is the next level to watch. A break above this could open the doors to higher levels. Support Levels: Primary Support: ₹2,800.00 - A key level to hold for maintaining the bullish outlook. Secondary Support: ₹2,559.25 - This is a more conservative support level, aligning with previous consolidation areas. IV. Risks: If this rally loses steam, the stock could drop faster than your data speed when you run out of Jio balance. Keep an eye on oil prices and telecom regulations, and be ready to book profits quicker than you can say "Jio Dhan Dhana Dhan". V. Final Thoughts: Reliance Industries is flexing its muscles like Mukesh Ambani at an AGM. Will it continue to dominate the market like it dominates your phone bill, or will it take a breather? Only time will tell, but one thing's for sure – this stock is more diverse than the menu at a 5-star hotel buffet! Disclaimer: This analysis is about as guaranteed as a glitch-free day on the MyJio app. Always do your own research and consult a financial advisor before making investment decisions. Happy trading, and may your profits be as hefty as Reliance's market cap! 💼
NSE:RELIANCELong
by TRADING-NASA
2
Reliance weekly update 07/JUN/24Reason I choose RELIANCE TO trade beacuse of its huge weitage. Huge Weitage stocks to be considered the less volatile & safe instrument to Trade. As RELIANCE is trading in the Range from Few Weeks, Do not plan to execute orders below the 3050 Levels. If the WEEKLY CHART crossed above the level then only I will plan my trade in RELIANCE. MONTHLY RSI > 60. WEEKLY RSI < 60. Once the 60 levels crossed in RSI on WEEKLY BASIS then will try to Create. POSITIONS on DAILY CHART. An RSI HIDDEN BULLISH DIVERGENCE ( Positive reverse Divergence ) is Printed on Weekly Charts. Seems to be the Consolidation to be over & Fresh breakout to likely happen m SOON. Till then Enjoy the Back Seat Game. WAIT & WATCH & REPEAT. HAPPY TRADING
NSE:RELIANCE
by Princetechnicals
Reliance will Support Nifty for Upmove?Reliance Industries, a major component of Nifty 50 with more than 10% weightage, is currently trading at 2850, which is the 61.8% FIBO retracement level of the last swing. We might expect a good bounce from this level. However, if this level does not sustain on a closing basis, we might see a fall to 2728, where there is a strong demand/support zone at 2647 - 2728. The monthly and weekly trends (50 SMA) for Reliance are positive, while the daily trend remains sideways for now. Watch Reliance closely, as its movement will likely influence Nifty's direction.
NSE:RELIANCELong
by PriteshPalan