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Relianceindustries

RELIANCE - Day chart EMA crossingDaily chart's 12EMA crossing upward of 50EMA, is a bullish entry trigger Two days consolidation after the crossing, is positive. Weak to Strong hand-over took place, those two days Strength indicator got stronger Direction movement indicator biased for up-move. CNX Energy, benchmark index for this stock, also showing strength. Both improved by 12%, MTD month till date, in last 16 days. Fibo levels surpassed swiftly , making probability to go back to Fibo 1.0 level.
NSE:RELIANCELong
by kartikbhai
Reliance Industries ltd.Taking a good amount of support. Movement has been really less from past few weeks with diminishing volume. And these are technically reversal signals. So going long on this stock with a suitable SL is not at all a bad option or foolishness just because we have a bearishness perception regarding the markets. Take the trade, its okay if SL gets triggered, you would end up getting double points on sell side if SL gets triggered. Analysis is a part but taking the trade in the stock is another kind of art. As this an analysis done on EOD basis, have patience while taking position. Don't put all your funds in one price level. Fear of missing out is very common. We need to overcome it. STOP-LOSS would be closing below 1835 which may pull down the stock to 1618. TARGET or EXIT signal will updated afterwards. CHART AND ANALYSIS BY - ADARSH DEY
NSE:RELIANCE
by AdarshDey
#reliance different TF elliot waves.Coming to the daily TF Coming to the 4 hour TF Conclusion: If we see the monthly chart and if it's end of wave 5 then there is a lot of fall to come, but predicting nothing we will come to lower tf that is 4 hour time frame chart. If reliance is in Y of WXY then the fall could be till 1600/1400 around. Before going to so low levels, the first few resistance reliance could face is 1850 and 1700. 1850 most probably is now weak as price as already attempted to break 1850 twice and played for a good amount of time around those levels. Overall, discarding longer term view till 2300, we could look for selling opportunity. On the upside, we still gained 100/150 points a couple of times from 1850 level. Now, hope we still gain good points downside. Regards.
NSE:RELIANCE
by yogi_sharma_elliottician
5
Reliance elliott wave update for 27jan 2021Reliance 15min chart indicates that decline from 2120 is looks like an impulsive decline and wave (i), (ii) and (iii) is completed at 2035, 2075 and 1932 respectively and wave (iv) and (v) is pending. 1965-1986 is an immediate resistance range for wave (iv) retracement. reliance may complete wave (iv) in 1965-1986 range and then it may again decline 70-115 points from there to complete wave (v). And if it trades above 1986 then only bullish.
NSE:RELIANCE
by chirag_Khasiya
1
Reliance vs Nifty - 1 Week Time FrameReliance Industries is the top heavyweight on Nifty 50, hence both charts (Reliance and Nifty50) mirror one another over time. This chart compares Reliance Ind vs Nifty 50 and you'd appreciate that the wave count of the higher degree (as well as 1 to 2 degrees lesser) are correlatable. Although, I have been into the equity markets for a while now (since 2005), this is my first idea on Trading view. Feel free to post your views. Of course, a word of encouragement is always welcome :) Happy Investing !!
NSE:RELIANCEShort
by VIISHAL