Get started

Reliancestock

RELIANCE INDUSTRIES – Buying Zone Test with Reversal PotentialRight now, the stock is respecting a long-standing falling channel, and it has just bounced off the lower boundary of the pattern near the marked Buying Zone. The stock has been consolidating for the past 9 months inside a downward-sloping channel, and this retest could serve as the ignition point for a trend reversal. All important levels have been marked on the chart. Looking at the price action and structure, there's a high probability that RELIANCE can move towards ₹1,325 in the coming weeks if the reversal holds. Volume surged near the bottom, hinting at smart money accumulation. Entering near ₹1,110–₹1,120 zone gives a solid Risk: Reward :: 1 : 3.3 Support Levels: 🔹 ₹1,165 – Minor demand zone 🔹 ₹1,110 – Major support and channel lower trendline 🔹 ₹1,085 – Last swing low, demand base Resistance Levels: 🔹 ₹1,204 – First level of resistance 🔹 ₹1,280 – Mid-channel upper zone 🔹 ₹1,325 – Short-term breakout target Reasons: ✅ 9-month falling channel ✅ Strong bounce off major support (Buying Zone) ✅ RSI rebounding from oversold territory ✅ Volume spike at support = potential smart money entry ✅ Favorable R:R for positional entry ✅ Potential early reversal before breakout News & Sentiment: No major negative news post-recent drop. The correction seems technical, and long-term sentiment remains optimistic especially around expected earnings and energy sector momentum. Verdict: Bullish Plan of Action: Enter on strength above ₹1,175 or on dip near ₹1,120 zone with volume confirmation. BUY: ₹1,120–₹1,175 Stoploss: ₹1,085 Target: ₹1,325 Trailing SL: ₹25–₹30
NSE:RELIANCELong
by finnova_
2
Reliance | Upcoming Possible MovementsCurrently stock trading at support area (multiple time frames) of 1280 A small upside possible from here But as we can see it has broken a trend line / channel, so any pullback on upside may trigger a fresh selling for the downside strong support area of 1260 (as it also happens to be a flip zone) 1260 can be considered as a strong support area Any sideways accumulation on that area will possible trigger a strong upside movement Lower time frame confirmation must be taken before entering at any levels
NSE:RELIANCEShort
by Vishy5
"Reliance on the Move: Is This the Start of a Major Reversal?"📢 Market Sentiment Poll: Where Do You See Reliance Industries Heading? 🔘 Bullish – Potential upside towards ₹1,400+ 🚀 🔘 Neutral – Likely to consolidate 📊 🔘 Bearish – Could dip below ₹1,200 📉 💬 Share your market insights in the comments! This poll is for educational purposes only and does not constitute financial advice. Always conduct your own research before making investment decisions.
NSE:RELIANCE
by simpletradewithpatience
1
Reliance Industries Long Term Chart Analysis 53% Upside PossibleHello everyone, i hope you all would be doing good in your life and your trading as well. Today i have brought an stock which is a ELEPHANT of indian market yes your guess is right, i am talking about Reliance Stock and it is trading inside the long-term trend within an upward rising channel. The price has tested both the upper resistance band and lower support band multiple times, confirming the channel's reliability. Currently, the stock is near the lower support band (1185-1155), making it a high-probability support zone for potential upside moves. A stop loss is placed at ₹986 in case of a breakdown. The projected targets are set as follows: Short-term target: 1285, Second target: 1400, Medium-term target: 1532, and the Final long-term target: 1800. The analysis suggests a 53% potential upside if the stock respects the lower band and continues its bullish trajectory. Keep an eye on price action for confirmation before entry. Disclaimer: This analysis is for educational purposes only. Please consult a financial advisor before making investment decisions. If you Found this helpful? Don’t forget to like, share, and drop your thoughts in the comments below.
NSE:RELIANCELong
by TraderRahulPal
2
Best buying Opprtunity in Reliance stock Reliance Industries Announces ₹20,000 Crore Green Energy Joint Venture Reliance Industries Limited (RIL) has partnered with a leading European firm to invest ₹20,000 crore in India’s renewable energy sector. The joint venture aims to accelerate the development of solar power, wind energy, and green hydrogen production. As part of this collaboration, advanced gigafactories will be established to manufacture solar photovoltaic (PV) modules, wind turbines, and electrolyzers, promoting indigenous production under the ‘Make in India’ initiative. The project is expected to generate thousands of direct and indirect employment opportunities, particularly for engineers, technicians, and skilled professionals. This strategic partnership will contribute significantly to reducing carbon emissions, aligning with India’s Net Zero Emission targets. Additionally, the venture will enhance India’s position in the global renewable energy market by integrating next-generation energy solutions, smart grid technology, and AI-driven energy management systems. Support Levels: Current Support Zone: ₹1,205 - ₹1,214 Extended Support Level: ₹1,150 Major Support Zone: ₹999 - ₹1,019 Resistance Levels: Immediate Resistance Zone: ₹1,298 - ₹1,316 First Short-term Target: ₹1,450 Second Short-term Target: ₹1,650 Major Resistance Zone: ₹1,578 - ₹1,611 (near all-time high) The stock is currently testing the support zone of ₹1,205 - ₹1,214, and if this level breaks, the next downside level to watch is ₹1,150. On the upside, the ₹1,298 - ₹1,316 zone acts as resistance, with potential for further movement towards ₹1,450 and ₹1,650 if strength builds. LIKE & SHARE , Comment For More Stock Analysis
NSE:RELIANCELong
by manojshinde27
2
Reliance Inds cmp 1267.60 by Weekly Chart viewReliance Inds cmp 1267.60 by Weekly Chart view - Stock has formed Bearish Rounding Bottom - Support Zone seen at 1050 to 1100 Price Band - Support Zone 1250 to 1300 Price Band turning into Resistance Zone - Stock might probably show more downside by the Technical Chart setup - Weekly Basis : Support at 1195 > 1100 > 995 with Resistance at 1360 > 1445 >1535 > ATH 1608.80 - Stock Price gone well below the crossover of both the Falling Resistance Trendline and also the Rising Support Trendline been broken down
NSE:RELIANCE
by PIYUSHCHAVDA
3
Reliance Industries Ltd - Breakout OpportunityDate : 20-Aug-2024 LTP : Rs. 2,991.90 Targets: (1) Rs. 3,217 --> (2) Rs. 3,434 SL : Rs. 2,768 on daily close basis Technical View: • NSE:RELIANCE is in it's primary uptrend and was recently going through it's secondary downtrend. • After touching the high of 3,217.60 on 8-Jul-2024, it has retraced 11% to 2,866.50 level. • On 19-Aug-2024, NSE:RELIANCE has broke out from its secondary down trend with higher than average volume and closed above 20 DMA. • On 20-Aug-2024, RSI has entered the buy zone and trading at 50.78. • On 20-Aug-2024, MACD has crossed over it's signal line. • Looking good to start a new swing from here. Like the analysis? Boost/Like the idea and follow my ID. Disclaimer : I am not a SEBI registered analyst/consultant and not recommending anyone to take any BUY or SELL position in stock market. Investing in stock market is risky and one should do a self analysis and validation before investing in stock market. My ideas are published for learning purpose only and are available to everyone at no cost/charge.
NSE:RELIANCELong
by vikrant_252
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 near the trend line on 1D timeframeRELIANCE near the trend line. There can be an entry for Intra-day traders for both long and short position. For Swing traders, wait for the price action to be formed. Buy calls if you find a green candle breaking the trend line. First target can be 2672 ~ for swing traders and the second target can be ~2800 if the market sustains the momentum. For Intra-day traders you can short puts if you see a red candle tomorrow or go long if the trend line breaks in 1st hour of the session tomorrow. Cheers. Happy Trading...
NSE:RELIANCE
by bikramkeshari11