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Relianceindustries

#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
RELIANCE - Week next to quarterly resultsPrevious quarterly results was announced on 30-Oct Revenue decrease 23% Profit after tax decrease 6% Stock price falling preceding 2 weeks Strength reducing preceding 2 weeks Stock fell from 2054 to 1880 Current quarterly results announced on 22-Jan Revenue decrease 20% Profit after tax increase 25% Stock price rising preceding 1 week Strength increased preceding 1 weeks Direction indicator value improved for positive move However momentum's trend is not strong Indicative price move for next week seem to have higher probability for Rising Price - continued strength As momentum's trend does not show mass, it may try going back to 2075 after rising to 2100 on Day-1 Aggressive trader : Buy 50% qty at current price, add 50% qty after price rise above 2075. Conservative trader: Buy 25% qty at current price, add 25% qty after price give pull-back at bottom of last candle, add 50% after price move above 1st purchase in trade's direction. EXIT: Day's close below last week's candle close Earning efficiency visible from quarterly results . . . In spite 5-6% revenue reduction in Retail segment, it's EBIDTA increased 50% compared to Sep-2020 Digital services revenue increased 32% compared to Dec-2019, but EBIDTA increased much higher to 48%
NSE:RELIANCELong
by kartikbhai
6
Reliance LongI hope you can now see how Reliance represents an excellent low risk profit entry setup allowing you to trade in the market. Take positions so that the risk/reward is in your favor. Knowing why, where & when a strong reversal signal is being generated will be the only way to capitalize on your technical analysis . Thank You Disclaimer: It should not be assumed that the methods, techniques, or indicators presented in these chart will be profitable or that they will not result in losses. There is no assurance that the strategies and methods presented will be successful for you. Past results are not necessarily indicative of future results. You should not trade with money that you cannot afford to lose. Examples presented in these products are for educational purposes only and it should not be assumed that these are indicative of ordinary trades. These setups are not solicitations of any order to buy or sell. The publisher assume no responsibility for your trading results. There is a high degree of risk in trading.
NSE:RELIANCELong
by EntryandExit
1