#reliance intraday IdeaWeak below 2043 for mentioned targets. Also, this could be continuation for swing targets mentioned in my previous idea.
Regards
Relianceindustries
#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
Weekly Wrap #Reliance 22nd Feb 21Trend is Up : Buy on dip or breakout ? ( Check out video for levels )
Education purpose only.
Reliance ready to rock and rollIs king ready to rock and roll? Keep watch on 2095 levels on Monday. If 15 mins candle closes above it then get ready for next 100 points in a swift. Nifty needs to sustain above 15000 too. But I believe RIL will not need any support.
Reliance ChartReliance is consolidating in a range, As it is in a box. It may show a big upward move, as it has already tested 2100 level several times. whenever this level will break. This will be called as BOX BREAKOUT.
Reliance - Potential Bullish BreakoutNote: This is for educational purpose only and please do not trade in F&O.
There seems to be a potential for bullish breakout above 2135₹ levels. RSI above 60 indicates bullish momentum.
SL: 2000₹
Reliance looking good above 2120 levels. Watchout for breakout!It's been consolidating since very long time, while Nifty is making new highs. If it breaks out , it might give you some good targets. Keep it in your watch.
Reliance Buy/Sell - IntradayAs per our Tycoon GANN levels reliance is on sell from opening
all targets and stop levels available inside the chart please refer to it
RelianceReliance forming perfect diamond shaped pattern. Go short for next target being the red trend line.
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.
RELIANCE is in a risky zone be carefulCheck the marked information in the chart before taking a trade.
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
RELIANCE - Hammer at support and 200 MANote: This is for educational purpose only and do not trade in F&O.
There seems to be a hammer at previous support zone which also coincides with 200 moving average. There seems to be a convergence in price and momentum (RSI).
SL: 1825₹
Reliance : Range BoundCurrently reliance is moving in side-way market and slightly moving in up direction. Just have a eye on it.
RELIANCE PULLBACK FROM DEMAND AREARELIANCE can give good upside trending moves in coming days.
BUY in the range of 1955-1965
Target 1 - 2184
Target 2 - 2374
Target 3 - 2595
Stoploss - 1855
Reliance*Study is based on Futures
Reliance has managed to crossover the trendline in daily charts today. What we have to watch is if it manages to hold because if it does, we might see a bull rally which will take the prices above 2000 levels.
Aggressive or risky traders can buy once RSI manages to cross 50 levels in Intraday charts with a stop loss of 1950.
#reliance Bullish structureMy views change with new structure formation. What do I mean with this? See previous idea. Link below.
Now, seems bullish for 2112/2225.
Regards
RELIANCE LONGIn daily chart, price is at support of the horizontal channel. Forming double bottom but RSI is increasing, indicating bullish move. Target price is 2100 - 2300.
