Bull Run | Reliance Industries Cup and HandleAfter Few fake Breakouts, RIL is again on the levels of 2240, forming a Cup & Handle Pattern with High Volumes.
Relianceindustries
Intraday levels - 03 June 2021 - Reliance important levels marked
- 2160 Strong Support area and 2032 Strong Resistance area marked in chart
- Use pivots for SL & Target .
My Top 5 Holdings: Reliance IndustriesReliance is doing its best to end its consolidation. Typical behavior at such resistance levels. Should be at a new all time high soon.
Reliance Industries Trade Set Up Lets have a look at Reliance Industries Daily chart and you can see the base formation on Reliance Chart between 1850 - 1900 levels. Last to last week we have updated Reliance Trade Set Emerging and suggested buying zone between 1900-1950 levels with a stop loss at 1878. Now its follow up update and we can see Reliance Industries 2206-2374 and once break above 2374 we might see 2650-2700 levels in the upcoming weeks.
For Educational Purpose Only
Intraday levels - 01 June 2021 1. Price action
2. Multiple time frame analysis ( 30 min )
3. Bearish flag and pennant pattern show
4. IMportant levels marked in chart ( use pivots )
RELIANCE INDS LONG 1WA Triple bottom (encircled in the chart) can be seen on the weekly chart of Reliance Inds. RSI shows good momentum in the stock. MACD giving bullish signs. I would recommend a LONG swing on Reliance Inds.
Target 1: 2140
Target 2: 2194
Target 3: 2320 (A long jump is expected after crossing target 2)
Stop Loss: 1927
Note: Trail your stop loss to avoid losing achieved targets.
Just for educational purpose.
RELIANCE 1 WEEK CUP HANDLE RELIANCE 1 WEEK CHART PATTERN CUP HANDLE BREAKOUT NOW IT HAS RESISTANCE ON PRICE 2227, WEHN IT BREAK THIS IT WILL STRONG BULLISH
YOUR TRAIL POSITIONAL TARGET ARE 2324.80 AND
TARGET 2ND: 2665.02
Reliance Industries can fuel NiftyReliance Industries looks very bullish and the channel is clearly marked. The main question remains whether it can fuel the current Nifty Rally? Only time will tell but Reliance is following its channel and it can be good for swing trading in general as well.
Let Reliance Break Rectangle and ResistanceLet Reliance Break Rectangle and Resistance but for short term.
RELIANCE INDUSTRIEDCurrently. ril trading in a symmetrical triangle pattern.
first tgt - 2150
second tgt 2200
third tgt 2300-2350...
( potenial to bbreach to previous life time high levels near 2370)
rsi positive
macd positive croosover
stochastic positive crossover
Reliance | All the possible trades on Day chart 🔰 Hello my friends, here is the story I see behind this stock:
⭐Here are all the patterns Reliance showed after the covid rally :)
⭐U can see your possible entries too in them :) and also can analyze when u shouldn't have traded it ( coz of no trading zones or bizarre pattern making )
⭐I would say the risk is too high after today's candle so no entry now in RIL coz on the upside it can take resistance from that strong trendline again, so the upside is less and the downside risk is today's candle if that risk-reward is good with you if u see a good edge in your setup then go for the trade :) as per your risk and emotions :)
🔰Am I taking this trade: No---Reason: Already in the trades of Naukri and PPL as posted last time :) also took a small position in Coal India today as posted guys :)
🔰 {Some info}
➼My name is Apoorv and I am a 2nd year Engineering student, I want to pursue trading as my career, and thus whatsoever setups or trades I potentially see on my charting platform, I post it here and share them with you all.
➼I hope you will love my simple analysis style.
➼Feel free to suggest your view on this as learning is earning here :)
➼I take my trades on my Zerodha account :)
➼These charts are my and only my work, my thought process, just from an educational point of view and no calls.
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RELIANCE INDUSTRIES TO FOLLOW UPTREND!!!Hey, Reliance Inds. Breaks The Trend Line And Follows UPTREND.
It Already Hit It's Resistance And Now Goes For The Next One .
Enter The Trade Around 2050 And Target 2120 .
If Some One Decides To Be In Risk,
Can Have A 2nd Target i.e 2200.
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Reliance 'Make it or break it' BreakoutReliance is at the 'make it or break it' breakout zone. The stock is currently hovering at trendline re-test levels. Either side move will happen.
reliance in double mind situation Wait for a reaction to this line if break with a strong candle then only initiate a long
if Break support of 1974 with a strong candle then we can go for the short position
till breakout on either side then can go for any move till then it will be sideways
$ Reliance | Positional SetupA possible Buy with a small risk of 2% and a good move awaits ahead :)
Trade according to your risk and emotions and plan accordingly.
This is just a mere glimpse of what possible move can take place.
Happy trading :)
RELIANCE INDS LONG OPPORTUNITYLONG OPPORTUNITY IN RELIANCE INDS AS IT HAS MADE DOUBLE BOTTOM FORMATION. IT HAS GIVEN BREAKOUT OF THAT PATTERN.
Reliance BreakoutIncrease in Oil prices coupled with the breakout on the chart is a good confluence.
Retest has been done nicely.
Reliance was holding up the market on last trading session.
Can expect this to continue for a few more trading sessions (2-3 trading sessions)
Use Halftrend for trailing stoploss. NSE:RELIANCE
