Relianceindustries
RELIANCE INDS - Symetrical TriangleTargets on the chart.
Disclaimer : The opinions and analysis expressed herein are for informational and educational purposes only and should not be considered as individual investment advise or recommendations. I am not your financial advisor. Risk it for Biscuit.
Intraday Setup can touch 2320/2350Intraday Setup: This could touch 2350 once it crosses 2290 with confirmation on 15 mints chart. Enter above 220 with SL of 2280 for target of 2320/2350. Keep trailing your SL on every 10 points.
Note: I am not a SEBI register and view is only for educational purpose as well as personal, always consult your financial advisor before investing or trading.
Reliance Industries - Bounce on 21 EMANote: This is for educational purpose only. Do not trade in F&O based on this analysis.
21 EMA has acted as a dynamic support previously. There seems to be a bullish bounce from 21 EMA again. Moreover, there seems to be a bullish trendline breakout in RSI as well. RSI above 60 indicates bullish momentum.
[Short Term]Reliance Ready for 2500 target after breakoutSince last couple of session we seen good uptrend in reliance due to lots of fundamental triggers. This is one of the strongest fundamental stock. Now if it trading above 2290 level then we will see next target 2500 in short term time period.
Trade:
Buy Reliance Above 2290
Intraday Target - 2350
Short Term - 2420 2500
Disclaimer:
This is my personal view on this stock. Before taking any trade take advise from your financial advisor.
#RELIANCE - look for a downmove to 2100 to complete ZIGZAGReliance Inds' move post the top is taking the shape of a zigzag with Wave A and B complete. We should now see Wave C head down in 5 waves to the center of the large triangle it formed in Aug. 2100 is a area it can find support.
That should then turnout to be a great bullish setup, we'll discuss that later as we see price action around that leve.
Reliance industries to breakdown from hereOn intraday charts, Reliance is indicating weakness. If it breaks below 2227, then perfect short selling.
Sell Short below 2226, Target@2173 SL@2250
RELIANCEREIANCE IS TESTING ITS REJECTION ZONE AGAIN AND AGAIN WE CAN ON REJECTION ZONE OR SELL BELOW REJECTION ZONE FOR THE TARGETS GIVEL BELOW
NIFTY50 KEY LEVELS SUPPORT AND RESISTANCE NIFTY50 UPCOMING SUPPORT AND RESISTANCES
LEVELS MARKED ON THE CHART on 1Hr timeframe
Buy and Trail RELIANCE
This is Trade is derived as per Probability for Intraday Trades; Risk not more than 3% of your Principal amount;
Reliance Yesterday Fake BreakoutReliance
Yesterday Breakout Looks Like Fake Breakout,
on the downside, support is around 2200-2175
if reaches and stays above 2270 the resistance will be around 2335-2360
.
If you like, just hit thumbs up button
or comment.
.
Updated on : 8-Oct-2020 - 9.50pm
Disclaimer: Only for learning purpose.
- Nse Intraday Stock Trends and Stock Market Tips
for more on stock trends and stock market learning
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.
RELIANCE SQUEEEZE - BREAKOUT SETUP 5th October saw huge profit booking in reliance against very good news of investments in Reliance Retail over the weekend.
Investors are consolidating positions in Reliance.
Overall, Heavy-weight like Reliance was in consolidation impervious to the trump's sign of relief.
DOW^ has seen huge reversal from last market close to today open with Trump's health information.
NIFTY IT INDEX POSITIONAL VIEW BUY ON DIPSNIFTY IT LONG TERM VIEW, GOOD TO BUY ON DIPS
Click i button on Tradingview profile for connecting with me
Reliance LongTHE STOCK HAS TAKEN SUPPORT AND SOON MIGHT GIVE THE TRAINGLE BREAKOUT.
T2=2336
THESE ARE MY PERSONAL VIEWS, TRADE AS PER YOUR OWN ANALYSIS.
HOW I SAVED MY MONEYTHERE WAS RESISTANCE ,
AS SIMPLE AS IT SOUNDS
.
YES , I DONT USE ROCKET SCIENCE TO MAKE MONEY
Reliance Short I 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 .
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.
Reliance Buy Trend about to complete;
This is the Demand for Wave 5 of Wave 5 hence with this Buying the Uptrend will complete;
