Reliancetrade
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
FALL EXPECTED IN RELIANCEReliance 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 Sale Sale Sale..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 we might see more down movement till 1890
Adios amigos
Reliance MILESTONE view ( Super CHANCE)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 current scenario.
So we can assume 6th back to back target as per chart view or historical data.
Entry = Above 2350.55
Stop loss = 2299
Target = 2413--2494--2580--2698--2827--2975+++
Disclaimer = This is an educational purpose post not as trading recommendation, Trade at your own risk.
BUY LEVELS FOR RELIANCEPlease 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 example if i have to invest 50000 in this stock i would buy like
BUY LEVELS are
2245=15000
2151=7000
2096=7000
2043=15000
1991 which is probably less expected
same goes for my sell levels
for short term
2436
2492
2620 i will sell around 40-50 till this level and hold my remaining
Upvote if you agree
Reliance chart analysis - Day time frame -> buyReliance 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. Additionally, with a price-to-earnings (PE) ratio of 25, the valuation of this premier stock appears to be in an attractive buying range.
It's worth noting that despite the financial demerger of Jio from Reliance, the stock has delivered relatively low ROI compared to other high-cap stocks over the past two years. With the current positive market sentiment we can hope it will break all resistance and reach new ATH
Reliance short term trade strategy !!Reliance has broken its resistance as per 15 min timeframe chart and it is now ready for long.
One can long Reliance once it is started trading above 2500 the short term targets for Reliance are marked in dashed line on the chart above.
take entry on 5 minute candle closure basis at around 2500 for the targets 2510, 2520.
Reliance - Formation of Bullish hammer at supportNote: This is for educational purpose only. I am not SEBI registered. So please consult your Financial Advisor before investing.
There seems to be formation of bullish hammer in Reliance at support levels. Moreover, the RSI and Relative strength indicates bullish momentum as well.
Reliance weekly chart saying somethingOn the weekly time frame then stock is making hanging man pattern from last 2 weeks which is a negative sign of price action.
I am looking for correcting in the script till 2051 that will be value buying zone.
Closing above 2400 on weekly basis will open up more up side target.
#Reliance downtrend movement with risk:reward 4#Reliance downtrend movement with risk:reward 4
Symbol: Reliance
Time frame :4-hours chart
Analysis breakout from the symmetrical Triangle
Downtrend Movement
Checked the conditions for moving average, RSI and volume
Sell at 2196 with this stop loss 2295 and target 1830
HOPE our analysis is adding value to your Stock market trading Journey.
NOTE: Published Ideas are for ‘’EDUCATIONAL PURPOSE ONLY’’ trade at your own risk.
NOTE: RESPECT The risk. SL should not be more than 2% of the capital.
Happy Trading
#stockmarket, #sensex, #bse, #sharemarket, #nse #reliance