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.
Reliancetrade
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. )
RELIANCE RESISTANCE FOR 17TH AUGUST '2020BASED ONLY WEEKLY CHART RESISTANCE IS AT 2146-2177-2200 THIS ARE VERY STRONG RESISTANCE, WHICH is WORKING FROM COUPLE OF WEEKS UNLESS THERE IS BREAK ABOVE 2200WITH GOOD VOLUME I WOULD TAKE ANY BUY TRADES.
BUY/SELL ONLY AT RESISTANCE, FOLLOW MARKET TREND TO PLACE ANY BUY/SELL TRADE.
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 .
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 sustaining logical levelsReliance, Inspite of Strong Seller Control, $Reliance sustained at logical levels. Current levels are below the median line, but consistent.
Also, RSI levels are not at oversold, we may say it at moderate levels. If consistency remains at pitchfork, We may see the level of 2000 in the near term, and If break the support of 1800 & below. We may see the level of 1650-1625.
Updated: 16 July 8.25 pm.
Disclaimer: Only for learning purpose.
Short RelianceI hope you can now see how the 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 favour.
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 Don't take long position still......Hii this is trader Kanishk
This is the analysis of RELIANCE
Here the phase is very volatile and we don't have to took long position in RELIANCE without confirmation .
Reliance is an uptrend stock of=n each and every time frame.
we can take our long positional trade in RELIANCE but after confirmation.
Watch this complete video i've discussed everything.
this is a bear market phase and this is not the recovery this is the bullish trap .
so please avoid yourself to put the long positional trade at this time without any confirmation.
Please watch this video complete and follow all the steps .
Please do the multi timeframe analysis during these type of phases .
Guys let me know you that i am a trader and a trader have a winning probability of 50-65% no any trader is there who have a winning ratio more than this . Who says you that i am having a 100% winning strategy then F**k these type of people and try to be correct only 50 - 60 % of time which will give you a lot of money if you properly follow the risk reward ratio .
DISCLAIMER
I am not recommending you to buy or sell any stock, i am just sharing my analysis here.
Maintain your risk reward ratio and then trade.
Guys you can also follow me on twitter for any queries.
LONG RELIANCEI hope you can now see how the 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 favour.
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.
Trading cup and handle pattern: Here we can see the cup and handle pattern.
A cup and handle is considered a bullish signal extending an uptrend, and is used to spot opportunities to go long.
A cup and handle is considered a bullish continuation pattern and is used to identify buying opportunities.
The price is trading in the crucial level of the resistance.
The price here can take resistance and move down, "below 1581 price will slop down towards 1549".
Stop-loss can be consider nearly 10 point from the trade.
Reliance ind 4h. looking bearish Reliance ind looking bearish.
Reasons:
1. Double top and it may create another top including that top it will be triple top then.
2. Bearish divergence on the Money follow.
3. There's a possibility retracement at 1370 before moving up.
3. There's a strong demand zone at 1259.