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
Relianceindustries
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.
<<<<<>>>>>
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.
.
.
.
HIT THE LIKE BUTTON'
FOLLOW FOR MORE UPDATES .
COMMENTS ARE ALWAYS WELCOME.
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
Reliance Short 1D TF Reliance Industries is forming an Inverted Cup and Handle Pattern on 1D TF and expecting selling pressure in the nearest future.
Reliance Ind share will fall As per the Resistance and support levels the Reliance Industries share will fall to 1898 and if it crosses this line it may fall to 1803 on 11/05/2021.
Reliance 1920 Done | What's Next?The last idea was to short Reliance from 1990 levels for the target of 1930-1920 which met today. Now, the stock consolidating near the support and we may see 2040-2050 levels again in few sessions.
To motivate me, Please like the idea If you agree with the analysis.
Happy Trading!
InvestPro India Team
Long on Reliance Industries on 15 Minute ChartFalling Wedge Pattern on Reliance Industries 15 Minute Chart
