Simple Trade Setup | Reliance | 06-08-2021NSE:RELIANCE
chart and levels are simple to understand.
Do comment your doubt or suggestion.
Relianceshort
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.
Target 2 hit today in Reliance | Simple Intraday Setup 29-07-21NSE:RELIANCE
RELIANCE is still having bearish trend.
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.
My View On Relince Industries for Comming Days 25th April 2021There was a downward trend since last month .there is weakly support at level 1820. you can hold for reversal. Below 1820, it will go until 1600 level. Keep a close watch on 1820 level in coming days.
!!Happy Investing !!!
Reliance To GO DOWNReliance 1980 is a support zone...bearish trading below daily 200 ma...target 1930/1900/1840...We can have a short bounce back till 2016/2030/2055/2070...Unless Sustains above 2090 no positional buying.
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.
RIL Reliance at 1.618Reliance has crossed above Fibonacci level 1.618 for stoploss hunting and now trading below the target level
CONDITIONAL TRADE IN RELIANCE (STOCK ON RADAR)CONDITIONAL TRADE IN RELIANCE
SHORT@1567(BELOW)
STOP@1577
TARGET-1@1557
TARGET-2@1550
#reliance Higher High RSI Lower High @in_tradingviewNSE:RELIANCE
Price Higher Highs
but RSI lower Highs
resistance 1450
can be short for 1320 1280
Short Reliance on break above Resistance
After AGM NSE:RELIANCE has moved up 12.5% roughly on 13-08-19. A break above Resistance which was a support prior to the break down could potentially provide ashorting opportunity.
Expecting the scrip move towards 1315 with potential profit booking zone.
Stop loss placed at 1326.80 and Target at 1290.75, R:R at 2:1
Note: Always risk 1% of account size per trade.
