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)
Short at 2250 for target 2200& below. REFER CHART for better clarification.
RELIANCE is forming ascending triangle in weekly timeframe . Go long if it breaks all time high in daily timeframe. Can be a good positional trade. Try to trade intraday if breaks the resistance you can get a good target in intraday.
Reliance Industries is currently trading at the potential reversal zone (PRZ)/supply zone set by the XABCD Bearish Bat Pattern. In the past after reaching the supply zone, it got corrected until 0.618 Fibonacci retracementent of CD. After a good correction, it is trading now near the supply zone. Since it touched the all-time highs, it never had closed above the...
BULLISH VIEW :- If the underlying stock cross over "2350",Its good for the bullish momentum and can be seen as bull continuation started from 2017. NEUTRAL VIEW:- If the underlying stock fail to break the resistance level of "2350" ,It might retest descending line for future support. BEARISH VIEW :- If the underlying stock fail the crucial support of "1830" ,the...
Reliance spot cmp 2105 counter have formation of falling contracting wedge ,, where the breakout and retest is done,, currently counter is trading in symmetrical triangle formation,, break out of which would lead to good up move,, Rsi and MACD giving early indication with bullish divergence MAcd positive Crossover,, Good long criteria buildupp,,
Reliance TL breakout on clb. intraday view above 2276 in the upcoming sessions.
A long trend symmetrical pattern breakout , looks bullish good to enter with a minimal stoploss , good for holding a positional trade
NSE:RELIANCE Trade Setup for Date 30-08-2021: 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) Everything is mentioned on the chart. I hope it is easy to understand. 3) If it breaks the RSI trendline on 15min time frame and breaks the trendline on price chart then it will be quick...
reliance respecting this price action channel from july 28 onwards ( over a month now). there are more than 4 respecting points on the upper and lower side of this price action channel indicates how strong this channel is( i have marked this as yellow circles ). once can make safe entry when breaking this channel ( in 5 min time frame). usually relaince shows a...