RELIANCEdescending triangle breakout and retest
or a doble bottom
buy above 2250
sl 2156
tgt 2430, 2500
Reliancetrade
Reliance - Breakout with Volume ExpansionReliance is coming out of the Accumulation zone, the range which was created 60 days ago. There is an expansion of volume on the Breakout with a good Bullish candle. There is also a break of structure since it created a higher high. It may retest the 2050 area on lower time frames. Every dip can be seen as a buying opportunity.
Targets: 2200, 2350
You are always advised to use an appropriate Risk-Reward ratio as per your strategy. If you like my charts, make sure to share and comment.
P.S: This is NOT investment advice. This chart is meant for learning purposes only. Invest your capital at your own risk.
Intraday levels - 09 June 2021 - Simple price action
- Trend line play role as support + 50 EMA Support , if they can break down we see over here good fall
- Important levels marked in chart ( use pivtos for traget )
Reliance -for 07.06.2021looking strong above -2199 for the targets of T1 and T2, SL-2188
Sell below -2181, for the targets of T1 and T2, SL-2192.
trade will remain void if open gap up or gap down (big).
Intraday levels - 07 June 2021 - Price action
- Support zone marked in chart if break down wait for retest
- Use pivots for target
RELIANCE SHORTReliance is forming shooting star after a great uptrend, this means that stock can take a uturn soon. Shorting opportunity for a target of 2100 in 20-25 days.
Reliance Industries Trade Set Up Lets have a look at Reliance Industries Daily chart and you can see the base formation on Reliance Chart between 1850 - 1900 levels. Last to last week we have updated Reliance Trade Set Emerging and suggested buying zone between 1900-1950 levels with a stop loss at 1878. Now its follow up update and we can see Reliance Industries 2206-2374 and once break above 2374 we might see 2650-2700 levels in the upcoming weeks.
For Educational Purpose Only
RELIANCE Analysis- Lion Waking UpReliance has been in sideways for months. Now swings are breaking upside. I have shared future moves coming in the journey of reliance.
Do expect big targets in reliance until it crosses the ATH. Till then small moves can be captured.
Note:- I am not SEBI registered . All Views and trade setups are my personal view and my personal trade setup.
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Intraday levels - 25 May 20211. Price action
2. 1 hr Head and Shoulder pattern
3. imp levels of Support and Resistance
Reliance BreakoutIncrease in Oil prices coupled with the breakout on the chart is a good confluence.
Retest has been done nicely.
Reliance was holding up the market on last trading session.
Can expect this to continue for a few more trading sessions (2-3 trading sessions)
Use Halftrend for trailing stoploss. NSE:RELIANCE
Reliance 2000 Done | What's Next?We shared the last idea for RIL when it was trading near a lower trend line and it came to 2000 levels which is also a resistance zone. If it sustains below today's low we can again see 1930-1920 levels.
To motivate me, Please like the idea If you agree with the analysis.
Happy Trading!
InvestPro India Team
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 Industries Ltd. - RESISTANCE RELIANCE INDUSTRIES .
At Hitting Resistance again & again if it broke the Resistance 2,050 share will go up till 2,110 let's hope it breaks
1st Idea on Trading View Show some support if you like it......
Thank you
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 ON 15 min ChartReliance on 15 min chart has been trading below 200 MA and for the previous day it closed exactly blow 200 ma indicating a good reversal signals.
Reason why Reliance can give reversal from current price because it’s also respecting the 50% Fibonacci levels.
Reliance is near it's 200 MAThe stock is near 200 moving average and expected to take support from here, if it breaks this range we may see lower levels marked on the chart.
To motivate me, Please like the idea If you agree with the analysis.
Happy Trading!
InvestPro India Team
bulling reliance NSE "SWING TRADE"entry - 2150
Target - 2200-2300
SL - 2050
*Reason for this pick up*
1. closing above 2100 (phycology level & strong support)
2. done its retracement after break the trendline - 38% fib
3. taking support at 50 EMA daily TF
4. todays market recovery after falling
5. high weightage in NIFTY 50 to move up
Relinace Trade Setup For 04-03-2021Im Not SEBI Regt.
Investment/Trading in securities Market is subject to market risk, past performance is not a guarantee of future performance. The risk of loss in trading and investment in Securities markets including Equites, Derivatives, commodity and Currency can be substantial.
Weekly Wrap #Reliance 22nd Feb 21Trend is Up : Buy on dip or breakout ? ( Check out video for levels )
Education purpose only.
