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#Reliance downtrend movement with risk:reward 4#Reliance downtrend movement with risk:reward 4 Symbol: Reliance Time frame :4-hours chart Analysis breakout from the symmetrical Triangle Downtrend Movement Checked the conditions for moving average, RSI and volume Sell at 2196 with this stop loss 2295 and target 1830 HOPE our analysis is adding value to your Stock market trading Journey. NOTE: Published Ideas are for ‘’EDUCATIONAL PURPOSE ONLY’’ trade at your own risk. NOTE: RESPECT The risk. SL should not be more than 2% of the capital. Happy Trading #stockmarket, #sensex, #bse, #sharemarket, #nse #reliance
NSE:RELIANCEShort
by TanujaK
RELIANCE: Head and Shoulders BreakoutTHEORY: This pattern forms after an extensive upside rally. It consists of a left shoulder, a head, and a right shoulder. The left shoulder is formed after a big bull rally in which the volumes are quite large. At the end of the left shoulder, a minor correction takes place on the downside which happens on the low volumes comparatively the starting of the left shoulder. After this, again an up move can be seen on large volumes forming a head whose top is above the left shoulder following a correction on lower volumes & completing the head. The completion of the head must be below the top of the left shoulder. If the prices fall down below the low of the left shoulder then too this pattern remains intact. In the end, the right shoulder is formed usually on smaller volumes comparatively the previous two rallies. Now if you connect the bottoms of the left shoulder, head & the right shoulder there will be a formation of the ‘Neckline‘. This line will act as a decision line. If the prices break this neckline & give closing below the line, this will be the confirmation of the breakdown of the H&S pattern. However, it has been noticed that after breaking of the neckline the prices again attracted towards this neckline. We say this phenomenon as a retest of the neckline which will add some more confidence while trading this pattern. After retesting if the prices again come down this will be the final confirmation of the downside movement of the price as shown below. The bookish target of this pattern is taken as the vertical price range from the top of the head to the neckline & the bookish Stop loss should be the top of the right shoulder. However this stop loss can be big, so it is advised to keep a stop loss of 4-5% of the price range above the neckline. May 29 TRADING STRATEGY: GO SHORT WITH SL OF 2590 & LOOK FOR THE TARGET OF 2460/1365 IN THE COMING WEEKS. NOTE: IF THE STOCK BREAKS THE RESISTANCE OF 2632 THEN IT WILL BE A H&S FAILURE PATTERN, WHICH WILL CALL A BULLISH ALTERNATE SCENARIO.
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NSE:RELIANCEShort
by TradingSutra
18
RELIANCE INDIn Reliance RK's momentum sell signal is already activated on daily chart, and yesterday finally it break down from that rising channel, and today we closed below 20dma along with close below RK's stop line which is at 2635, now we can say that yes we are in bearish phase. As per Elliot wave structure also, wave E of the ending pattern ended in april and fall was wave i and recent bounce was wave ii and the next move that has started should be wave iii, which can go towards south direction where the lower end of the wedge is near 2300 and if wave iii is going to be equal to wave i, that level is near 2335, these are the possible levels to watchout for. MACD in daily negative crossover macd in weekly down tick RK's momentum turned negative on weekly rsi on daily down tick price below 20 dma RK's momentum sell signal activated on daily chart Most investors treat trading as a hobby because they have a full-time job doing something else. However, If you treat trading like a business, it will pay you like a business. If you treat like a hobby, hobbies don't pay, they cost you...! Disclaimer. I am not sebi registered analyst. My studies are for educational purpose only. Please Consult your financial advisor before trading or investing. I am not responsible for any kinds of your profits and your losses.
NSE:RELIANCEShort
by RK_Chaarts
6
Reliance Ind / RIL - trade setup - 25 April 2022Reliance made all time high breakout on 21 Apr gaining over 60 points during the day. RIL helped a lot to lift nifty on the day. on April 22 though RIL opened with a small gap down giving indication that this is the breakout level retest. This gave concern, as all time breakout should not have a intraday retest. Retest should have happened after 2-3 days after showing the strength. But the strength got lost very soon. This huge dogi on daily chart is the second concern on RIL bull rally. In 1 hr chart reliance has already made double top after the breakout, creating M pattern at top. This is another signal possible reversal. Note: All prices mentioned here are as per spot. RIL Trade setup for Monday 25 April 2022: Trade setup # 1 (Short setup ) : If RIL open flat (between 2750-2758) and moves down Short below 2747 SL - 2764 Target - 2700 / 2670 / 2630 Trade setup # 2 (Short setup ) : If RIL opens higher but below 2792 Short between 2787 - 2792 SL 2796 Target 2061 ( If RIL slips even lower then Trade setup # 1 can be executed) I do not suggest attempting to go long as it will involve high risk sighting global cues and Dow/Nifty trend, and will demand constant attention. So not posting the trade setup. however the breakout level on the upside will be 2808 and target can be as high as 2850 / 2910 Disclaimer: This is just my view on the stock/index. I'm not a registered advisor on market analysis. The idea is published only to spread my views on the trend and price movement probability, and gather feedback to cultivate healthy discussions. Please do your due diligence before investing your money. Remember, you're responsible for your investments and trades.
NSE:RELIANCEShort
by anuragcoma15
Simple Trade Setup | RELIANCE | 24-09-2021 [INTRADAY]NSE:RELIANCE Trade Setup for Date 24-09-2021: 1) Don't Jump in to trade at the beginning of the market. Let it get settle for 15-20min first and judge the price action. 2) Everything is mentioned on the chart. I hope it is easy to understand. 3) All the levels will work as support, resistance, entry and exit w.r.t price action near that level. 4) Avoid gap up or gap down chase. Wait and trade between levels. Please refer below chart for levels. Hope I made it easy to understand it. Do comment your doubt or suggestion. Note: Trade with Strict SL. It may or may not hit all the levels. So one can book profit / loss at respsective level considering how price action works near that level.
NSE:RELIANCE
by Trading_hawk
3
Simple Trade Setup | Reliance | 30-08-2021NSE:RELIANCE Trade Setup for Date 30-08-2021: 1) Don't Jump in to trade at the beginning of the market. Let it get settle for 15-20min first and judge the price action. 2) Everything is mentioned on the chart. I hope it is easy to understand. 3) If it breaks the RSI trendline on 15min time frame and breaks the trendline on price chart then it will be quick buy entry. 4) All the levels will work as support, resistance, entry and exit w.r.t price action near that level tomorrow. Please refer below chart for levels. Hope I made it easy to understand it. Do comment your doubt or suggestion.
NSE:RELIANCE
by Trading_hawk
1
RELIANCE || Simple Intraday Setup 30-07-2021NSE:RELIANCE RELIANCE is still having bearish trend. It couldn't break that trendline. Also took resistance below the critical zone mentioned on the chart. For Intraday trader, you can play between the levels marked on the chart. If some particular level break out then it will give a buy trade till next level on the up side. And it some particular level break down then it will give a sell trader till next level on the down side. But take the trade once you get the 15min or at least 2 consecutive 5min candle to consider as breakdown or break out. Trade with SL. Hope my ideas are helping you to understand levels, price action and taking the trade from the right level. Do comment if you have any suggestion or doubts, I will try to response as soon as possible.
NSE:RELIANCE
by Trading_hawk
3