Date : 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 ...
Buy Reliance tomorrow if sustains above 2970 for the targets of 3000 and 3030 until 2934 is intact on the downside.
To motivate us, Please like the idea If you agree with the analysis.
Happy Trading!
InvestPro India
Reliance 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...
Reliance 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...
Hello Traders.
We have seen that Reliance has been entered into a New territory & from now onwards the brand new move has started.
Strongly Bulls has closes the reliance above 3000 levels.
Plan your trades on pullback in Daily Time Frame.
Thank you
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:...
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...
Buy Reliance above 2860 for the targets of 2940, 2965 and 3000 until 2765 is intact on the downside.
To motivate us, Please like the idea If you agree with the analysis.
Happy Trading!
InvestPro India
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...
Reliance industries in trading in a channel and taking a short trend near upper channel with SL above the resistance zone has potential of giving good profits.
Sell - 2750 - 2740
SL - 2800
Targets - 2635, 2585
Please like the idea If you agree with the analysis, your like will motivate us to share more ideas on Tradingview.
Happy Trading!
InvestPro India
Reliance has given a breakout of a falling trend line and sustaining above that and looking good towards marked target on the chart.
To motivate us, Please like the idea If you agree with the analysis.
Happy Trading!
Hey Guys my Views On reliance
Right now reliance is having low volume from days
Maybe this is the sign of some next big wave?
Currently the lows reliance will make to 2252 maybe next week
as macd diverging to sell area it need to wait
last break out was weak no volume thats why it was invalidated and sellers captured the market.
if reliance break bellow 2160...
Hello Traders and investors,
As we can see the reliance was consolidated in a range by last two years after bullish rally, may be now reliance is ready to fly again as per technical analysis.
A proper range bound zone and we can see the supply and demand zone as range of last two years.
A proper downtrend channel pattern and trend line breakout happening in...
Please note this is not a financial advice.kindly manage your risk yourself this is just my own views for this trade
Hello everyone hope everyone is doing fine
Today i am here to share my support or buy levels for reliance based on previous trends,order block,relative strength, and according to me these levels for new investors are great in this down trend for...
Sell Reliance if sustains below 2335 for the marked targets on the chart until 2350 is intact on the downside.
To motivate us, Please like the idea If you agree with the analysis.
Happy Trading!
InvestPro India Team
Reliance 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....
