Reliance resistance level ( target ) is still far from current level so whoever already in swing trade cdan hold it with trailing stop loss ones reach at PRZ and finreversal then only book long and one can short as well from there.
📌 To Trade on This Chart, You Should Have Reversal Trading Knowledge. As Harmonic is One Of The Best Reversal Trading...
Hello, reliance industries mid-term swing trade buy: 2,570 targets: 2,750/2,820 stoploss: 2,508.
LOGIC BEHIND TRADE: Stock has formed W pattern on 1D chart & given breakout of dynamic trendline and static resistance & buying on pul back (targets identified from harmonic xabcd pattern level 1.131) stoploss is taken low of breakout candle. Stock looks good for...
Bullish momentum is over now its time for bearish. 2460PE 31MAR2022 expiry will perform nicely. OI also good at this level.
The above analysis is my view only. The market can turn any side anytime, depending on several factors so protective play is always safe.
If the bull power is so high above the current price it must cross the gray box Supply zone. Anyway...
On a daily chart trendline breakout & resistance, level breakout are seen with volume
After breakout, it may correct before further Up side move
Can buy positionally at CMP or above 2500 for short term targets of 2550/2600++
Keep SL of 2450 for short term on daily closing basis.
Above levels are for education purposes only
📈 Reliance Industries Ltd. 📉
This broke out from a Resistance Zone of downtrending Trendline and closed above previous swing high of 2450 .
On Buy Side I am looking for Targets of 2552, 2600 and 2730.
StopLoss should be kept below 2350 zone.
It offers 1:2.5 Risk To Reward.
All Important Supports and Resistances are drawn in chart. All levels are on closing...
On hourly time frame the stock is forming a flag and pole pattern but Rsi is showing a negative divergence.
Reliance can give good move on either side.
Support:- 2385, 2314
Resistance:- 2406, 2455
The consilidation is the main part of trend formation. The stock has rested and will give nice targets on both sides,
Everything one can see on chart.
📌 To Trade on This Chart, You Should Have Reversal Trading Knowledge. As Harmonic is One Of The Best Reversal Trading Strategy, But Always Remember That Harmonic Patterns Also Can Fail (there is no holly grail In Stock Market). That's Why One Should Must Have Knowledge Of Reversal Trading To Trade On Harmonic...
Reliance may follow this path to give upper side move bt we will have to act smartly, strict stoploss bcoz of global sentiments bt yes reliance ko jana hii we can start with sip mode to archive higher 🎯targets
Hi everyone, Reliance industries short term swing trade consider buy above: 2,425, target: 2,590. stoploss: 2,347.
LOGIC BEHIND TRADE: Stock has recently given breakout & pull back on it`s resistance buying on pull back is idea (target is identified from harmonic xabcd pattern level 1.131) stoploss is taken low of resistance candle. Stock looks good for short...