Strong Bullish Breakout! | Daily Time Frame📈 RELIANCE INDUSTRIES LTD – Strong Bullish Breakout!
📅 Date: April 28, 2025
📈 Timeframe: Daily Chart
🔍 Stock: Reliance Industries Ltd (NSE)
📌 Technical Overview:
Reliance Industries has shown strong bullish momentum after breaking out above the important level of ₹1300.90.
Several indicators are supporting this breakout:
✅ RSI Breakout – Showing strong strength.
✅ Bollinger Bands Breakout – Price is breaking outside the bands, showing heavy momentum.
✅ Bullish VWAP Trend – Price is trading well above the VWAP line.
✅ TTM Squeeze Breakout – Major squeeze breakout confirms buyers' control.
🧩 Key Levels:
Major Resistance Broken: ₹1300.90 ✅
Immediate Support Now: ₹1329.95 and ₹1320.20 (red lines)
Next Possible Support: ₹1132.20 and ₹1114.85 (green lines, if reversal happens later)
📊 Volume Analysis:
Heavy spike in volume confirming strong buying activity.
🧠 Observational Bias:
As long as the price stays above ₹1300.90, the momentum remains bullish.
Small dips toward support can be seen as healthy pullbacks.
Reliancetrade
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
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
Reliance Industries (Intraday)Reliance Industries (75 Minutes):
-Formation of SOT too!
Reliance Industries (15 Minutes):
- The price is range bound
-Price can either breakout from the zone or breakdown from the zone
-Entry levels: Buy above 1244 below SL of 1235
-Ignore in case of breakdown
The above analysis is just for educational purpose
Reliance - Stuck in the ZoneWith downside support at 1270 & 1235
and upside resistance at 1300 & 13301
Reliance currently is stuck in the zone
Though trend has been broken with a force
it still needs to fill the gap created before moving ahead
Expecting it to remain sideways for a brief period of time til it breaks strong resistance or strong support
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
Reliance - Intraday TradeSpecifically for Intraday only: 15-MTF
Bullish Trade
Trade the Strong Bullish Candle closing above Breakout Level
RSI should be 70 or more
Stop Loss to be below Breakout Candle
Look to book profit before target level
Bearish Trade
Trade the Strong Bearish Candle closing below Breakdown Level
RSI should be 30 or less
Stop Loss to be above Breakdown Candle
Look to book profit before target level
Trade with proper risk management
#RELIANCE: Big Investment Opportunity In Making±Dear Traders,
We are seeing some major correction on Reliance since last few weeks, in our technical view price is yet to drop further towards our designated buying zone. Expect a swift buy from our identified key level, even possible to see a continuous bull run taking price above 3500 region. If you agree to our view please like and comment for more.
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.
Reliance Industries Approaching Key Demand ZoneReliance Industries ( NSE:RELIANCE ) is approaching a significant daily demand zone. This demand zone is noteworthy due to its historical impact: following its formation, Reliance has broken through previous resistance levels and reached an all-time high.
Key Observations:
Strong Demand Zone: The current demand zone has demonstrated substantial strength in the past. Its formation preceded a major breakout to new all-time highs, highlighting its robustness.
Breakout Confirmation: After this demand zone formed, Reliance surpassed its previous resistance levels, underscoring the demand zone’s significance in driving the upward momentum.
Opportunity: Given the strength of this demand zone, the current price level presents a potential high-reward trading opportunity. Entering trades at this demand zone could offer an advantageous risk-reward ratio.
Disclaimer: This analysis is for informational purposes only and does not constitute trading advice. Always conduct your own research and consult with a financial advisor before making investment decisions.
RELIANCE KI KACHUE KI CHAALReliance is in a Strong Bullish zone ,
As we can see after the friday breakout the Range & size of the Candle is getting smaller & momentum is decreasing by Time.
Possibly a Correction could appear & divergence move on RSI compared to Previous high.
Not Planning to Trade Aggressively Just wait & watch.
Closses around interesting level. 3200 is the major Resistance area according to Option chain.
JUST WAIT & WATCH
HAPPY TRADING
PRINCE
Reliance Industries: The Mukesh Ambani of Stocks Attention, traders! Buckle up, because Reliance Industries Limited is ready to take off like a rocket ship to the moon! 🚀📈 We’ve spotted some exciting price action and technical patterns that you won't want to miss. Let’s dive into the details.
I. Price Action Overview
Chart Analysis
Current Price: ₹3,061.10
Daily High: ₹3,075.00
Daily Low: ₹3,012.00
Volume: 14.192M
II. Key Technical Indicators
Bullish Flag Pattern: RIL is climbing faster than Antilia's elevator during a power outage. The chart clearly shows a bullish flag pattern, a classic continuation pattern indicating potential upward movement.
Breakout Confirmation: We've seen a solid breakout from the flag pattern, signaling a potential rally.
Volume Breakout: Trading volume is higher than the number of JioMart deliveries on a Sunday. This suggests strong conviction in the move. Accompanying the price breakout, there's a significant increase in volume, further confirming the bullish momentum.
III. Trading Idea:
For the brave Ambani-wannabes out there, riding this uptrend could be more thrilling than a Bollywood blockbuster. But remember, timing the market is as tricky as navigating Mumbai traffic during monsoon!
Price Targets and Support Levels
Immediate Resistance: ₹3,100.00 - This is the next level to watch. A break above this could open the doors to higher levels.
Support Levels:
Primary Support: ₹2,800.00 - A key level to hold for maintaining the bullish outlook.
Secondary Support: ₹2,559.25 - This is a more conservative support level, aligning with previous consolidation areas.
IV. Risks:
If this rally loses steam, the stock could drop faster than your data speed when you run out of Jio balance. Keep an eye on oil prices and telecom regulations, and be ready to book profits quicker than you can say "Jio Dhan Dhana Dhan".
V. Final Thoughts:
Reliance Industries is flexing its muscles like Mukesh Ambani at an AGM. Will it continue to dominate the market like it dominates your phone bill, or will it take a breather? Only time will tell, but one thing's for sure – this stock is more diverse than the menu at a 5-star hotel buffet!
Disclaimer: This analysis is about as guaranteed as a glitch-free day on the MyJio app. Always do your own research and consult a financial advisor before making investment decisions. Happy trading, and may your profits be as hefty as Reliance's market cap! 💼
Reliance IND Infra Ltd. (Cup & Handle)Date- 14th March 2024
Time - 18:41
-As we can see RIIL has formed Cup& Handle Chart Pattern and also trying to retest today on daily basis.
-One more thing I have noticed and applied here is Fixed Range Volume Profile Tool , to identify where exactly the most volume has created. Which was 1000 Rs. in this case.
-If Current price is above POC (Point of Control) red line means, next big supports are near that price. So, if its breakdown from retest point it can go till 1000 Rs or if it revered from rested point then 1st Target will be 2384 Rs . according to Cup & Handle Pattern.
- Also, on smaller Hourly Timeframe is showing Bullish Continues Divergence too.
RELIANCE In Reliance stock we can see a RSI divergence and its trading in a triangle pattern, if the tringle pattern break bellow 2900 level then we can see a decent profit booking in Reliance which is approximately 100 points. Given are the entry and exit point.
Note : All the given ideas are educational purpose only do invest wisely.
@Nifty_50_ #nifty #banknifty #stockmarket #nifty50