Forming Head and shoulder pattern, if break neck line then sortForming Head and shoulder pattern, if break neck line then sort for the target of near 1750
Relianceindustries
Reliance - Head and shouldersLook for neckline break for shorting. Important to note that the nifty is sustaining below 50DMA.
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.
RELIANCE ON 15 min ChartReliance on 15 min chart has been trading below 200 MA and for the previous day it closed exactly blow 200 ma indicating a good reversal signals.
Reason why Reliance can give reversal from current price because it’s also respecting the 50% Fibonacci levels.
Reliance is near it's 200 MAThe stock is near 200 moving average and expected to take support from here, if it breaks this range we may see lower levels marked on the chart.
To motivate me, Please like the idea If you agree with the analysis.
Happy Trading!
InvestPro India Team
Reliance Nearing "Triangle Breakout"Any Daily Close Above 2152.5
Buy Reliance On Cmp & On Dips
Strict SL - 2060 (DCB)
Target - 2400-2450++
Reliance Industries Trend ReversalAn uptrend is about to reverse, because of the hanging man and the strong resistance
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.
Motabhai is Strong Weekly Wrap 8th March 21 ( #Reliance )Weekly Wrap on Reliance industries.
Trend is Up. Buy on Dip ( Check video for details )
Education purpose only.
Relinace Trade Setup For 04-03-2021Im Not SEBI Regt.
Investment/Trading in securities Market is subject to market risk, past performance is not a guarantee of future performance. The risk of loss in trading and investment in Securities markets including Equites, Derivatives, commodity and Currency can be substantial.
Reliance future may Break any side !!As per the daily chart and open interest, Reliance future has created doji candles simultaneously where data is also showing higher Volume with lesser OI.
Buy above:1981; Target:2090/2199/2239 SL:1902
Sell Below:1840;1800;1783;1757 SL:1907
This is entirely my view and where I worked in the technical analysis along with quant. So, the data analysis part cannot be shown in this chart.
Reliance (mid term)formed double bottom here and broke neck line i expect some uptrend from here good for swing trade DYOR before investing
Reliance long side swing trading opportunity target 200 pointswing trading opportunity in reliance flag and pole pattern breakout with volume and retracement is done
RELIANCE INDUSTRIES SHORT TERM ANALYSISshort term
If market supports
short term we can expect 2082-2120-2168
long 2300-2400-5000+
and if market falls it may test 1930-1830 level again.
so watch it.
like - support - comment
Reliance is at breakout of Cup & handle pattern on hourly TFReliance Industries is at breakout from Cup & handle pattern on hourly time frame. This resistance zone is tested many times, so its strong resistance. Waiting for breakout ....
Keep this on your radar...
RELIANCE Long RELIANCE trying to break its resistance zone of 2090, if it can sustain at this level we can see it crossing the next resistance zone of 2120.
PS: I'm a College Student, not a broker, I'm not qualified enough to suggest people trades. I'm a student to take a keen interest in the Stock Market during the lockdown. Please do share your views, I am still learning.
#reliance intraday IdeaWeak below 2043 for mentioned targets. Also, this could be continuation for swing targets mentioned in my previous idea.
Regards
#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
