1. Price action 2. Multiple time frame analysis ( 30 min ) 3. Bearish flag and pennant pattern show 4. IMportant levels marked in chart ( use pivots )
A Triple bottom (encircled in the chart) can be seen on the weekly chart of Reliance Inds. RSI shows good momentum in the stock. MACD giving bullish signs. I would recommend a LONG swing on Reliance Inds. Target 1: 2140 Target 2: 2194 Target 3: 2320 (A long jump is expected after crossing target 2) Stop Loss: 1927 Note: Trail your stop loss to avoid losing...
RELIANCE 1 WEEK CHART PATTERN CUP HANDLE BREAKOUT NOW IT HAS RESISTANCE ON PRICE 2227, WEHN IT BREAK THIS IT WILL STRONG BULLISH YOUR TRAIL POSITIONAL TARGET ARE 2324.80 AND TARGET 2ND: 2665.02
Reliance Industries looks very bullish and the channel is clearly marked. The main question remains whether it can fuel the current Nifty Rally? Only time will tell but Reliance is following its channel and it can be good for swing trading in general as well.
Let Reliance Break Rectangle and Resistance but for short term.
Currently. ril trading in a symmetrical triangle pattern. first tgt - 2150 second tgt 2200 third tgt 2300-2350... ( potenial to bbreach to previous life time high levels near 2370) rsi positive macd positive croosover stochastic positive crossover
🔰 Hello my friends, here is the story I see behind this stock: ⭐Here are all the patterns Reliance showed after the covid rally :) ⭐U can see your possible entries too in them :) and also can analyze when u shouldn't have traded it ( coz of no trading zones or bizarre pattern making ) ⭐I would say the risk is too high after today's candle so no entry now in RIL...
Start Rally with high volume support Happy LEARNING
Hey, Reliance Inds. Breaks The Trend Line And Follows UPTREND. It Already Hit It's Resistance And Now Goes For The Next One . Enter The Trade Around 2050 And Target 2120 . If Some One Decides To Be In Risk, Can Have A 2nd Target i.e 2200. . . . HIT THE LIKE BUTTON' FOLLOW FOR MORE UPDATES . COMMENTS ARE ALWAYS WELCOME.
Reliance is at the 'make it or break it' breakout zone. The stock is currently hovering at trendline re-test levels. Either side move will happen.
Wait for a reaction to this line if break with a strong candle then only initiate a long if Break support of 1974 with a strong candle then we can go for the short position till breakout on either side then can go for any move till then it will be sideways
A possible Buy with a small risk of 2% and a good move awaits ahead :) Trade according to your risk and emotions and plan accordingly. This is just a mere glimpse of what possible move can take place. Happy trading :)
LONG OPPORTUNITY IN RELIANCE INDS AS IT HAS MADE DOUBLE BOTTOM FORMATION. IT HAS GIVEN BREAKOUT OF THAT PATTERN.