RELIANCE ELLIOTT WAVE FORECASTBSE:RELIANCE
Long term Elliott wave Forecast
Wave 3 Bull market long way to go.
Relianceindustries
18th DEC Reliance Industries Ltd. Buy or SaleAs Previous Tread Seen Very Good Profit Booking in Reliance. Continue to your Support for More trade
Go Short
Below 2560
Target: 2540-2520
SL: 2572
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Note: This is not Paid only for Educational purpose.
16th DEC Reliance Industries Ltd. Buy or SaleCMP: 2578
Reliance Industries Ltd is India`s largest private sector enterprise, with businesses in the energy and materials value chain.The company works under different business segments:Exploration and Production,Petroleum Refining and Marketing,Petrochemicals,Textiles and Retail.
Reliance currant given breck out Strong Support
Sale Below 2585 Must See Bearish Candle.
Target : 2560-2540
SL: 2595
If Learn How to Analysis and Candle reading follow us. also give your feedback.
Reliance touches the Trend SupportRelaince
The price has come to the support level of the trend line. expecting an up movement
RELIANCE COMING IN BUY ZONEReliance gave a great move from 2500 level towards 2750 and again retracting towards demand zone, go long for marked targets on the chart until 2500 is intact on the down side.
To motivate us, Please like the idea If you agree with the analysis.
Happy Trading!
InvestPro India Team
Reliance - Trendline ViewThe connecting trendlines are as shown on the chart.
The buy price is above 2700 on Daily close basis.
Keep a watch on this and the big show is ready for a run.
Let me know your thoughts in the comments section.
Reliance Inds - Predicted High Low Range for TodayReliance Inds – Predicted Intraday High Low Level for today.
Today Reliance Inds will trade in between the marked zones. Look to BUY at Green zone and SELL at Red zone.. Any breakout either side we can expect strong move towards the breakout side.
Along with these levels we should also confirm our entry with Price action.
Reliance Inds - Predicted High Low Range for 02 Dec 2022Reliance Inds – Predicted Intraday High Low Level for today.
Today Reliance Inds will trade in between the marked zones. Look to BUY at Green zone and SELL at Red zone.. Any breakout either side we can expect strong move towards the breakout side.
Along with these levels we should also confirm our entry with Price action.
Inverse Head and shoulder PatternRELIANCE INDUSTRIES - 4 Hour Timeframe.
Reliance industries forming inverse head and shoulder pattern, in 4 hour timeframe.
but this pattern needs to take a retest at nearest support area which is at 2650. after taking support if stock creates strong bullish candle then it will be a good Long trade.
Reliance Inds - Predicted High Low Range for TodayReliance Inds – Predicted Intraday High Low Level for today.
Today Reliance Inds will trade in between the marked zones. Look to BUY at Green zone and SELL at Red zone.. Any breakout either side we can expect strong move towards the breakout side.
Along with these levels we should also confirm our entry with Price action.
Reliance (RELIANCE INDS): Time to take note of this giant...This week the price closed marginally above the 40 weekly moving average.
Important to note levels above 2675 as it could create momentum for an upward move.
Above 2800, it might touch its high of 2856 and even move higher to 3000.
Trade with a stop loss of 5-8%.
Note: Not a buy/sell recommendation. Do your own research and consult your investment advisor.
RELIANCE IS GOING ALL TIME HIGHas nifty is on 18300 and sudden reaction nifty it sector is bullish the trend on indian market is now to much bullish
reliance is highest weighted on nifty 50 so this stock is to much important is this.
there is gap also between 2675 to 2720
RELIANCE LOOKS WEAKReliance has broken the upward trend line and looks we are going to see down levels in coming sessions. Sell @ 2600 - 2610 with the SL of 2650.
To motivate us, Please like the idea If you agree with the analysis.
Happy Trading!
InvestPro India Team
Reliance about to break trendlineReliance tried to break this trendline twice but failed, But this time it will break and reach the following 2650,2700,2750,2800,2850,2900 targets this month.
RELIANCE LOOKING A GOOD BUYReliance looking good at these level 2385 - 2375 with SL of 2300.
To motivate us, Please like the idea If you agree with the analysis.
Happy Trading!
InvestPro India Team
Reliance Chart analysis | Make or break levelPrice & Volume relationship:
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Price goes up but Volume goes down these means not a good time to invest.
Look closely at the "W" pattern forms which means if the neckline is broken then do not be in hurry, Watch out for Volume & OI & then Boom Boom !!!
RELIANCE - Available @ great Risk : Reward (Swing Trade)The analysis is done on daily TF hence price may take days to a few weeks in order to reach the targets.
Trade setup is explained in image itself.
At this position, one can get great Risk : Reward as the SL is quite low as compared to Targets.
The above analysis is purely for educational purpose. Traders must do their own study & follow risk management before entering into any trade
Checkout my other ideas to understand how one can earn from stock markets with simple trade setups. Feel Free to comment below this or connect with me for any query or suggestion regarding this stock or Price Action Analysis.
RELIANCE_INDS_H&S_BearishReliance Industries looks like a head-and-shoulders formation. If the price breakout the neckline & sustains below the 2600 , the pattern will be activated. See downside upcoming target 2440.
CHOOSING OPTIONS STRIKEChoosing wrong strike prices can lead to big losses even when our analysis is right. It's due to Theta decay.
So Lets understand some basics of options strike price.
There are three types of strike prices based on their moneyness.
1)ATM (At the Money)
2)OTM (Out of the Money)
3)ITM (In the Money)
FOR CALL OPTIONS :
Lets assume Stock ABC is trading at 150 (spot price). Then,
Spot price = 150
ATM Strike = 150
Any strike above spot price is OTM for call option.
Ex : 160 ,170,180 etc.,
Any strike below spot price is ITM for call option.
Ex : 140, 130, 120 etc.,
FOR PUT OPTIONS :
Stock ABC is trading at 150 (spot price).
Spot price = 150
ATM Strike = 150
Any strike above spot price is ITM for put option.
Ex : 160 ,170,180 etc.,
Any strike below spot price is OTM for put option.
Ex : 140, 130, 120 etc.,
HOW TO CHOOSE THE STRIKE AMONG THE ABOVE THREE MONEYNESS
1)Follow a simple rule, Buy a strike price which is closer to the spot price. "OTM STRIKES ARE BIG NO" .
2) Remember! when we are buying an option, the stock / index needs to move up / down with a good momentum. So that our option will gain some value & we will be in profit.
So it doesn't make sense to buy a OTM call / put. Because if a strike price is far away from spot price, it won't give us much movement due to time decay.
I have even shared my option strike rules as follow.
Friday, Monday & Tuesday = ATM strikes
Wednesday & Thursday = ITM strikes
This is how I used to pick strikes for intraday. The reason is simple because, if we are closer to the expiry (Thursday) the effect of theta decay is very high. Due to which our premiums will not move much even if the stock / index has moved pretty well. By following these rules, our chances of losing money will drop drastically.
Happy Learning & Earning :)
- DivyaaPugal
Reliance near upcoming resistance? Short term target 2575-2600!!It looks like the Reliance consolidation channel will act as a resistance, I would only go long above 2667, if it manages to break it convincingly.!! NSE:RELIANCE
Reliance Industries Limited - Long TradeReliance taking support at two year long channel. RSI also taking support near 40 levels.
Holding horizon - 6-7 months.
Targets - Around 3100
Stop Loss - 2200
This is a setup with good risk reward. I will prefer a covered call (stock in cash with shorted OTM call) in case IV rise, else plain vanilla cash stock.
Please Note - This is not a trading advise, only for informational purposes.
What Type of Charts/Picks u want ?NSE:CANBK
Sharing levels on regular basis, keeps on my followers increasing and the messages too.
But when i see the boosting (LIkes) not able to see upto the mark.
Kindly let me understand what type of charts you guys are expecting from me, are my charts useful for your trades/study ?
let me know your views....
Based on your replies will try to refine the picks or analysis as per need. Expecting promt reply if my charts were useful, else kindly ignore and check this chart too....
RELIANCE INDUSTRIES LTD CAN LEAD A CRASH?this is the detailed analysis of reliance industries limited, charts explained above shows the price behaviour of the stock.
Reliance is one of the most important stock in nifty50 index. A fall in reliance can also give a good fall in index too....
however it only looks bearish below the level of 2370 on a weekly closing basis.
