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Relianceindustries

Reliance on 15 min chartSCENERIO - Reliance is trading on a very crucial levels. We have Fibonacci 50% level that gives a good reversal sign. We have 200 ma, where price is sitting right now. We have a good support trend line that has been tested multiple times and seems like this trendline breakdown is a good breakdown because there’s an increase in volume too. 1) 200 MA 2) FIBONACCI 50% 3) Good volume breakdown of support trendline Look for short opportunity when trendline is broken and for buyers stay alert we have Fibonacci 61.8% level in upward direction to defend. Trade safe.
NSE:RELIANCE
by Trademint08
RELIANCE chart analysis for 8TH MAR 2021 [Instructions below]READ THIS: 1. Check the levels and analysis. 2. If you are new, trade in low quantity or trade with virtual currency. 3. Don't trade immediately on a breakout or a breakdown. Let the price retest the level. Then let it give a confirmation candle. Only then trade. If the conditions are not fulfilled, it is not a breakout. It is a fakeout. 3. If (or when) the stock moves 25% to 50% in our direction, start booking partial profits. This is very important as the stocks, a lot of times, show a reversal. 3. After the trading day ends, come back and play back the candlesticks, if you haven't traded. Check if the levels hold. 4. Hit that like button and comment if you find the analysis is holding.
NSE:RELIANCE
by TheKV
#reliance -well played, now let bears enjoy the gameReliance we had captured many points on all side- bullish, bearish and range. All links to the previous idea below. Watch all the ideas and see all the sides we captured some moves. Price action is the kind. We don't need patterns, trendlines, indicators, moving average, or volume. Use it just as a support. I do the same and see the results. Now if sustains below 2083 will push further down towards 2020/1945/1868. I am expecting further down till 1750/1600/1450 as well, but for now above targets are suffice. Regards
NSE:RELIANCE
by yogi_sharma_elliottician
15