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Reliancelong

Reliance Industries | Consolidating Near All Time HighReliance Industries is engaged in activities spanning across hydrocarbon exploration and production, petroleum refining and marketing, petrochemicals, retail and digital services. The stock has declared EPS of Rs 20.69 during Q1FY21 as against full year EPS of Rs 58.20 which is ~36% of full year EPS. Considering the Covid lockdown the performance during Q1FY21 was good. Also the company has been able to monetize its assets successfully by entering into leading tech companies during CFY. The stock is now consolidating near its ATH and any break above 2370 will give fresh legs to the rally. Q2FY21 results holds the key.
NSE:RELIANCELong
by covaitraders1
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
BULLISH RELIANCE BREAKOUT EXPECTED - Target 2200 and above In the last two weeks, lot of intresting news coming with Reliance Industries, first the retail division has picked up stake in Biyani's Future Group and subsidaries. On the annoucement of this news, there was heavy profit booking seen by long term Future Group company stock holders. On 9th Sep, News brokeout Reliance Retail has taken 1 Billion dollar investment from Silver Lake. During intraday, we saw massive movements towards the end of the trading day. Reliance is targetted to reach beyond 2200. It's been volatitle in the last couple of weeks since August with many investors booking profits.
NSE:RELIANCELong
by jashjacob
10
Reliance Enter long 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.
NSE:RELIANCELong
by EntryandExit
Reliance short term setupReliance has been in a severe uptrend and the retracements have been very minimal, which show that the investors are confident that Reliance will move higher and so they are holding onto their positions. Volumes have been increasing with increase in price, which confirms the bullish sentiment for Reliance. This is an educational post and all the opinions provided above and on charts are simply speculation. Nothing is 100% in market Consult your financial advisor before taking trades I do not recommend taking trades according to my analysis as you may incur loss, for which I am not responsible. Trade carefully Grateful🙏
NSE:RELIANCELong
by inteliigentrader
ALL TARGETS ACHIEVED GIVEN MAY 30 NOT SINGLE FAILED IN RELAINCE Hi Traders/Investors, 1. On may 30,2020 I posted my first analysis on this stock till now even a single week missed my targets. Providing all statements chronologically as proof of precision with figures and dates for your consideration. In point no.1 of the same date, I clearly mentioned " Upper range in the form of an evening star pattern has already made. Now the price will make a lower range." . You can see in that day figure setting below an evening star pattern was made, circled in green was the upper range and lower range condition was also discussed in same post point no.2 " See I made red zone If this is taken out upside then the lower range will be formed and the price will move to upper range in the blue zone." . Here you can see the red zone is taken out forming a lower range. How confident was I about this manifestation? 2. For investors I wrote in the same post in point no.5 is quoting as proof " Investors wait to form a lower range of price either white zone or yellow. Then can board the bus to long sides." You can see at that red zone price never see back and gave you a good rally just in 40 days. I did not stop at the first week of my post see in the second update on June 14, 2020, I wrote in the second para of blog clearly is quoting as proof " I circled a pattern called bullish engulfing which is not activated yet But the beauty of this you will not be able to see in any books. I tell you the characteristic of this. See a big bull candle covered the last three days small candle on good buy zone with good volume Its effect would be seen if red dotted line is taken out on smaller time frame of 1 hr then you will see a rally to redline in coming days" . You can see a decent rally till last day trading of this stock. Setting that day figure as proof. 3. Even I did not stop there in my 3rd update on 20 June 2020 wherein trading plan point no.1 what I sai is quoting as proof " You can see the white circle the blue zone is taken out on daily basis with good volume also circled in white. So the price is expected to move up with certain conditions." Please see in below fig about these circles, not in the current figure. In the same post point no.2, I gave the target achieved in the current fig.' I made a microzone this can act as resistance for time being and target is the upper red line " you can see red line target was also achieved in current fig. every week step by step I gave precise support, resistance, zones and contain to trade this stock. In fact not this every stock I cover in my blogs. All are available in my profile ideas. Trading plan for next week. 1. As you can see the red resistance line is breached on the upside with a bullish candle. If the next session close is above this candle high then you will see price moving to power red line as a target. 2. In case the next day is unable two fulfill the condition of point no. 1 then price will consolidate one two two days. 3. If the red dotted line with a yellow trendline in 1 hr and 1-day time frame then the price will come to a lower white line. I will cover my longs on fulfilling 1 hr taken out condition. If the white lower line is not taken out in both time frames then it would be the best place to re-enter longs. 4. For new traders taken out condition is as follows:- Taken out condition works in the two-time frame combination for daily( 4 hr + 1 day) analysis. Similarly, work for lower time frames is also a two-time frame combination. For intraday trades 1 hr with 15 min. For taken out condition price has to complete in both time frames. Aggressive traders can take that side position in a lower time frame with the stop loss of breached candle low. In both the time frames given line is breached by a candle that candle high is to be breached by next candle and close should be above the previously breached candle. This is how taken out condition is being implemented. The rest price will decide. YOGESH VATS Disclaimer:- All trading positions should be taken from consulting your financial planner. This study is for educational purposes only.
NSE:RELIANCE
by yvatsji
12
RELIANCE Don't take long position still......Hii this is trader Kanishk This is the analysis of RELIANCE Here the phase is very volatile and we don't have to took long position in RELIANCE without confirmation . Reliance is an uptrend stock of=n each and every time frame. we can take our long positional trade in RELIANCE but after confirmation. Watch this complete video i've discussed everything. this is a bear market phase and this is not the recovery this is the bullish trap . so please avoid yourself to put the long positional trade at this time without any confirmation. Please watch this video complete and follow all the steps . Please do the multi timeframe analysis during these type of phases . Guys let me know you that i am a trader and a trader have a winning probability of 50-65% no any trader is there who have a winning ratio more than this . Who says you that i am having a 100% winning strategy then F**k these type of people and try to be correct only 50 - 60 % of time which will give you a lot of money if you properly follow the risk reward ratio . DISCLAIMER I am not recommending you to buy or sell any stock, i am just sharing my analysis here. Maintain your risk reward ratio and then trade. Guys you can also follow me on twitter for any queries.
NSE:RELIANCELong
by thisiskanisk