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Relianceindustries

Reliance chart analysis - Day time frame -> buyReliance is currently positioned at a favorable support level within an upward trend line. The stock is presently undervalued, as its trading price remains in a similar range to that of two years ago, and it has not yet surpassed its all-time high (ATH). Based on its recent price action, there is a potential for a 10% upward movement in the next two months. Additionally, with a price-to-earnings (PE) ratio of 25, the valuation of this premier stock appears to be in an attractive buying range. It's worth noting that despite the financial demerger of Jio from Reliance, the stock has delivered relatively low ROI compared to other high-cap stocks over the past two years. With the current positive market sentiment we can hope it will break all resistance and reach new ATH
NSE:RELIANCELong
by tradeGambler
Reliance Industries Analysis! Trend Reversal??Reliance Industries Daily Analysis! Inverted Head and Shoulder Pattern Formation in Reliance Industries on Daily Timeframe! Does trend reversal will happen? Does the clear downtrend will be converted into Uptrend? NIFTY also forming the same pattern please look Nifty Analysis also by clicking on the below link! As we know the Inverted Head and Shoulder Pattern is a Reversal Pattern and it detected after a Downtrend. After that we have seen a positive move in Reliance Industries. In last 4 trading sessions Reliance Industries gives a breakout to the Neckline and trading above it but in the last trading session we can see the selling pressure was high. So Reliance Industries couldn't break the key level which is 2462.85 which is the Resistance level also. So we are waiting for Reliance Industries to break the key level Then only it will be a decent Entry. Trade Initiation = Entry = Above 2462.85 Target = 1) 2488.40 2) 2593.15 3)2700 Stop Loss = Below 2404.50 Rest of the Analysis you will find on the chart. I have done all the possible Analysis on the chart which took lots of time. If you like this Analysis please support this Analysis. I hope you will lean something about Technical Analysis from this chart. Thank you all for your Support! Disclaimer = All my analysis are for Educational Purpose only. Before entering into any trade - 1) Educate Yourself 2) Do your own research and analysis 3) Define your Risk to Reward ratio 4)Don't trade with full capital
NSE:RELIANCELong
by Avinash9087
8
18 Jul ’23 Post Mortem on Nifty - Reliance's impact on nifty50?Nifty50 had a surprising comeback today, we opened gap up and then there was a strong rally till 11.05 where we set a new all time high of 19819.45. From 11.05 to 12.05 we had a decent fall of 129pts ~ 0.65%. Surprisingly the falling stopped right there and we bounced back quite strong. NiftyIT took part in the rally post 13.30 which helped Nifty stay green. BankNifty was not that supportive though (we will discuss in detail below). Today’s price action shows someone will come up to support nifty in its pursuit, if the banks fail, IT supports. If IT underperforms then RELIANCE or ITC will support. The last 800pts rally would have really sucked the soul out of the bears. No matter what they do, they cannot push down the prices. I was waiting for Nifty to fall below the 19600 to go short, I did not want to go long because I was scared of heights 🙂. How Reliance demerger will plan out on 19th July is another question. The current stock value of Reliance is considered as the sum of reliance + jio financials. On 19th both the entities will be delisted and on 20th only reliance will be relisted. So whatever price difference between the closing price of 19th and pre open price of 20th is considered the share price & percentage of Jio financials. In an ideal case Nifty50 index should take a big hit - I am yet to find out how they are hard coding to prevent this from happening. Thats because Jio Financials as a separate entity is not eligible to be part of Nifty50 & Reliance will have a reduced market cap & pricing which should create outflows. The hourly chart is looking bullish and no worries so far. I am so inclined to be a contrarian and take a short position near the 19600 levels, not because I am bearish but because I am so shocked to see this rally. Believe a profit booking is overdue.
NSE:NIFTY
by viswaram
RELIANCE - Ichimoku BreakoutStock Name - Reliance Industries Limited Ichimoku Cloud Setup : 1). Today's close is above the Conversion Line 2). Future Kumo is Turning Bullish 3). Chikou span is slanting upwards All these parameters are showing bullishness at Current Market Price and more bullishness AFTER crossing 2622 #This is not Buy and Sell recommendation to any one. This is for education purpose and a helping hand to learn trading in Market. # Cloud Trading # Ichimoku Cloud # Ichimoku Followers I hope you all like my analysis. Please do share your thoughts into comment section. Please give a like, share & subscribe for daily analysis.
NSE:RELIANCELong
by nikunjbhadja
2
RELIANCE - Ichimoku Bullish Breakout Stock Name - Reliance Industries Limited Ichimoku Cloud Setup : 1). Today's close is above the Conversion Line 2). Future Kumo is Turning Bullish 3). Chikou span is slanting upwards All these parameters are showing bullishness at Current Market Price and more bullishness AFTER crossing 2255 #This is not Buy and Sell recommendation to any one. This is for education purpose and a helping hand to learn trading in Market. # Cloud Trading # Ichimoku Cloud # Ichimoku Followers I hope you all like my analysis. Please do share your thoughts into comment section. Please give a like, share & subscribe for daily analysis.
NSE:RELIANCELong
by nikunjbhadja
2