RIL Reliance at 1.618Reliance has crossed above Fibonacci level 1.618 for stoploss hunting and now trading below the target level
Reliancetrade
Reliance LongI 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 .
Thank You
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.
#relianceNSE:RELIANCE
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Reliance Industries - Bounce on 21 EMANote: This is for educational purpose only. Do not trade in F&O based on this analysis.
21 EMA has acted as a dynamic support previously. There seems to be a bullish bounce from 21 EMA again. Moreover, there seems to be a bullish trendline breakout in RSI as well. RSI above 60 indicates bullish momentum.
Reliance Industries | Consolidating Near All Time HighReliance Industries is engaged in activities spanning across hydrocarbon exploration and production, petroleum refining and marketing, petrochemicals, retail and digital services. The stock has declared EPS of Rs 20.69 during Q1FY21 as against full year EPS of Rs 58.20 which is ~36% of full year EPS. Considering the Covid lockdown the performance during Q1FY21 was good. Also the company has been able to monetize its assets successfully by entering into leading tech companies during CFY. The stock is now consolidating near its ATH and any break above 2370 will give fresh legs to the rally. Q2FY21 results holds the key.
Buy and Trail RELIANCE
This is Trade is derived as per Probability for Intraday Trades; Risk not more than 3% of your Principal amount;
Reliance Yesterday Fake BreakoutReliance
Yesterday Breakout Looks Like Fake Breakout,
on the downside, support is around 2200-2175
if reaches and stays above 2270 the resistance will be around 2335-2360
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Updated on : 8-Oct-2020 - 9.50pm
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Reliance LongI 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 .
Thank You
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.
RELIANCE SQUEEEZE - BREAKOUT SETUP 5th October saw huge profit booking in reliance against very good news of investments in Reliance Retail over the weekend.
Investors are consolidating positions in Reliance.
Overall, Heavy-weight like Reliance was in consolidation impervious to the trump's sign of relief.
DOW^ has seen huge reversal from last market close to today open with Trump's health information.
Reliance LongTHE STOCK HAS TAKEN SUPPORT AND SOON MIGHT GIVE THE TRAINGLE BREAKOUT.
T2=2336
THESE ARE MY PERSONAL VIEWS, TRADE AS PER YOUR OWN ANALYSIS.
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.
Reliance Buy Trend about to complete;
This is the Demand for Wave 5 of Wave 5 hence with this Buying the Uptrend will complete;
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.
RELIANCE MAKING ALL TIME HIGH EVERY OTHER DAY - VERY BULLISHFrom my chart last week, We saw the breakout as per the idea I had posted. Reliance is still BULLISH.
Reliance Retail arm is still looking to add in more investments in the coming weeks. They've litreally put SoftBank on hold for investing in Reliance Retail.
The deal of 20B$ from Amazon in Reliance Retail is yet to solidfy.
Long positions away!
RELIANCE : Long SetupNSE:RELIANCE
Hi Traders,
RELIANCE remained range-bound throughout month and form bullish breakout on September 10. Now, It is consolidating between 2300 and 2344, if it close above it, momentum will be continue and try to hit our target.
Entry and target level on chart.
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* This analysis is educational/learning purpose only.
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BULLISH RELIANCE BREAKOUT EXPECTED - Target 2200 and above In the last two weeks, lot of intresting news coming with Reliance Industries, first the retail division has picked up stake in Biyani's Future Group and subsidaries. On the annoucement of this news, there was heavy profit booking seen by long term Future Group company stock holders.
On 9th Sep, News brokeout Reliance Retail has taken 1 Billion dollar investment from Silver Lake. During intraday, we saw massive movements towards the end of the trading day.
Reliance is targetted to reach beyond 2200. It's been volatitle in the last couple of weeks since August with many investors booking profits.
RELIANCE ON UPSIDE BREAKOUT ? RELIANCE, is expected to break the resistance zone and move further upside with 2300-2350 levels in short period of time.
RELIANCE EXPECTING FOR UPSIDE BREAK
KEY RESISTANCE 2145
BREAK ABOVE 2145 IS 2200-2320-2345
KEY SUPPORT OR STOP RANGE 2070
SHORT TERM 5-7 TRADING DAYS
{VIEWS ARE SOLELY FOR EDUCATION PURPOSE ONLY.}
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.
continiously taking rejection at trend linefollow the trend line to enter and place the stop loss 2-3% below trend line
Reliance Enter long 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.
RELIANCE 1H | Be ALERT and proceed !!The lower Daily Chart trend line was broken last week and has recovered today to get back into the same zone.
The falling channel's upper edge and the upper trend line (in orange ) , both have been respected multiple times until now.
The falling channel upper trend has been broken today.
The final pattern seen is a 2-B Bottom Chart . If the pattern continues, then we can expect a short rise and later a fall. Go Long and then Short.
If the upper trend line (in orange) is broken tomorrow, then reliance would be on it's way to set a new record ! Go Long !
(These are my predictions based on the analysis made. One may trade at their own risks. )
