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...
Reliance NSE:RELIANCE has grabbed the headlines quite a few times for the last year. The price action seems to be more in action. In the last 9 months, it has formed lower highs and higher lows, thus establishing a symmetric descending triangle. The average volume is also decreasing. (Calm before the storm) The prior trend is a rising trend. Thus, its expected...
Reliance Industries at resistance level of 2230 again. Preiviously it reached at this level three times. So if this level is broken then it will be very bullish.
NSE:RELIANCE Observations: 1) Rounding bottom breakout perfectly worked. And gave good move in last two days. ------------------------------------- Trade Setup for Date 27-08-2021: 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...
Three Pattern Movement seen on a 3 year chart of Reliance. Am I reading this correctly?? Is Reliance ready for its next big upmove of around 500-600/-??? Disclaimer: This is not a buying or selling recommendation. Just sharing it for self education purpose and taking opinions from experienced analysts.
Reliance took a correction of nearly 10% from 15th June to 25th July, then made an up move. This correction completed the target of the bearish bat pattern(left side, Moving to the current situation, the price is again at a decisive potential reversal point but being already beaten up, chances of fall are less if spoken logically. There could be a fall also, so...
Reliance Ind. Is At Resistance. I Am Expecting big move to start from 2200. Focus on intraday chart to trade the intraday move.
Nice breakout in NSE:RELIANCE Wait for retest at the horizontal level and then enter. Favourable risk to reward. Set stop-loss according to your risk management.
NSE:RELIANCE Observations: 1) On 1 hour time frame earlier it had made inverse head and shoulder pattern which we already covered in earlier post . Now it has made rounding bottom pattern on 1hour time frame with neck/breakout line at level 2190. Please refer Chart below: 1 hour time frame. ------------------------------------- Trade Setup for Date...