Reliancetrade
NSE:RELIANCE Booooom today, details shared !!NSE:RELIANCE
#NSE:RELIANCE Zoomed today 2400 CE shared and it touched 133 and bagged almost 19K per LOT.
Other scripts shared for reference !!
Reliance Sell 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 charts 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 - A bearish move expected Reliance got two possible patterns on Daily TF
1. Extended ABCD (TGT 2350)
2. H&S (If breaks below 2480) TGTs open till 100 EMA.
In both above cases, until 2600 is not taken out, its a sell on rise candidate.
RELIANCE INDUSTRIESReliance went below the 40DEMA but it has made a comeback after touching the daily lower Bollinger band.
More importantly, the daily trend indicator MACD has now turned towards bullish, but still crossover is pending in daily MACD,
Overall chart structure suggests that wave 5 can be possibly unfold now.
As per Elliot waves guidelines and fib levels principle it can touch 2917 levels in fourth coming sessions,
On the way down, 40DEMA and the swing low i.e.2523 and 2456 respectively, will be the support levels to watch out for in the near term. All the key levels along with stop loss and targets are mentioned on chart.
One can go long at current levels or in dips ( if any ).
Key levels and wave structure
macd in daily turned uptick, converging towards positive
macd in hourly positive, uptick above zero line
Disclaimer
I am not sebi registered analyst
My studies are for educational purpose only
Consult your financial advisor before trading or investing
I am not responsible for your profits and losses
Reliance short for short termI 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 charts 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.
NSE:RELIANCE BONSE:RELIANCE
#RELIANCE Bo the resistance level, one may try 2520 CE with resistance level as SL
beginners may reach me in case of queries on this level.
Happy trading !!
Simple Trade Setup | RELIANCE | 18-10-2021 [INTRADAY]NSE:RELIANCE
Observations:
1) On 15 min time frame, we can see formation of cup and handle pattern.
Please refer below chart : 15min Time Frame.
2) On 1 day time frame, if we apply FIB RETRACEMENT then we can see that critical level to breakout on daily time is 2702.45 level.
But for safer side we will consider the high of previos candle which is coming at 2720 level.
So we can put the major resistance at 2720 level. Breakout of it will give bullish move and we can see the ultimate target of 2778 in short term.
Please refer below chart : 1day Time Frame.
-------------------------------------
Trade Setup for Date 18-10-2021:
Most of the levels will remains the same as per previous setup.
1) Don't Jump in to trade at the beginning of the market. Let it get settle for 15-20min first and judge the price action.
2) Everything is mentioned on the chart. I hope it is easy to understand.
3) All the levels will work as support, resistance, entry and exit w.r.t price action near that level.
4) Avoid gap up or gap down chase. Wait and trade between levels.
Please refer below chart for levels.
Hope I made it easy to understand it.
Do comment your doubt or suggestion.
Note: Trade with Strict SL. It may or may not hit all the levels. So one can book profit / loss at respective level considering how price action works near that level.
RELIANCE | BUY ABOVE 2400The stock has broken out the previous resistance of 2369 and looking good to buy if sustains above 2400 for marked targets on the chart until 2240 is intact on the closing basis.
To motivate me, Please like the idea If you agree with the analysis.
Happy Trading!
InvestPro India Team
Levels for - 14 Oct 2021EXPLANATION : This is a 15 min time frame chart of RELIANCE . It has taking trendline support , If give a strong breakdown and broke its trendline & Demand zone with high volumes and retest the same , I am bearish on RELIANCE . If support is taken from trendline & give a strong breakout and broke its Supply zone with high volumes and retest the same , I am bullish on RELIANCE . The level will be 2750 .
If you like the analysis give a Like // Follow for more updates , let me know in comments below :)
Simple Trade Setup | RELIANCE | 07-10-2021 [Intraday]NSE:RELIANCE
Trade Setup for Date 07-10-2021:
1) Don't Jump in to trade at the beginning of the market. Let it get settle for 15-20min first and judge the price action.
2) Everything is mentioned on the chart. I hope it is easy to understand.
3) All the levels will work as support, resistance, entry and exit w.r.t price action near that level.
4) Avoid gap up or gap down chase. Wait and trade between levels.
Please refer below chart for levels.
Hope I made it easy to understand it.
Do comment your doubt or suggestion.
Note: Trade with Strict SL. It may or may not hit all the levels. So one can book profit / loss at respsective level considering how price action works near that level.
Levels for - 05 Oct 2021EXPLANATION : This is a 30 min time frame chart of RELIANCE . It has formed Bullish flag breakout & has been in a sideways for day and formed Symmetrical triangle pattern ; A symmetrical triangle chart pattern represents a period of consolidation before the price is forced to breakout or breakdown. A breakdown from the lower trendline marks the start of a new bearish trend , while a breakout from the upper trendline indicates the start of a new bullish trend . Both side levels marked in chart
If you like this analysis give a Like // Follow for more updates , let me know in comments below :)
Simple Trade Setup | RELIANCE | 01-10-2021 [INTRADAY]NSE:RELIANCE
Trade Setup for Date 01-10-2021:
1) Don't Jump in to trade at the beginning of the market. Let it get settle for 15-20min first and judge the price action.
2) Everything is mentioned on the chart. I hope it is easy to understand.
3) All the levels will work as support, resistance, entry and exit w.r.t price action near that level.
4) Avoid gap up or gap down chase. Wait and trade between levels.
Please refer below chart for levels.
Hope I made it easy to understand it.
Do comment your doubt or suggestion.
Note: Trade with Strict SL. It may or may not hit all the levels. So one can book profit / loss at respsective level considering how price action works near that level.
RELIANCERELIANCE me triangle type se baana hu hai ok jidar brack kre usar buy kr naa hai aur 1% t1 bana hai
Reliance - Breakout (Sleeping Giant awakes for next rally)Reliance Industries NSE:RELIANCE breakout in upper side. Hoping for good move. Looking good for a swing trade. I have mentioned all the targets and stop loss in the above chart. Comment your views ... Trade safely . Thanks for your support.....
Simple Trade Setup | RELIANCE | 27-09-2021 [INTRADAY]NSE:RELIANCE
Trade Setup for Date 27-09-2021:
1) Don't Jump in to trade at the beginning of the market. Let it get settle for 15-20min first and judge the price action.
2) Everything is mentioned on the chart. I hope it is easy to understand.
3) All the levels will work as support, resistance, entry and exit w.r.t price action near that level.
4) Avoid gap up or gap down chase. Wait and trade between levels.
Please refer below chart for levels.
Hope I made it easy to understand it.
Do comment your doubt or suggestion.
Note: Trade with Strict SL. It may or may not hit all the levels. So one can book profit / loss at respsective level considering how price action works near that level.
Simple Trade Setup | RELIANCE | 24-09-2021 [INTRADAY]NSE:RELIANCE
Trade Setup for Date 24-09-2021:
1) Don't Jump in to trade at the beginning of the market. Let it get settle for 15-20min first and judge the price action.
2) Everything is mentioned on the chart. I hope it is easy to understand.
3) All the levels will work as support, resistance, entry and exit w.r.t price action near that level.
4) Avoid gap up or gap down chase. Wait and trade between levels.
Please refer below chart for levels.
Hope I made it easy to understand it.
Do comment your doubt or suggestion.
Note: Trade with Strict SL. It may or may not hit all the levels. So one can book profit / loss at respsective level considering how price action works near that level.
Levels for - 22 Sep 2021 EXPLANATION : This is a 15 Min time frame chart of RELIANCE , It has been in a consolidate for days and has formed an Ascending Triangle Pattern . If give a strong breakout and broke its supply zone with high volumes and retest the same , I am bullish on RELIANCE . If stock break the trend line we plan to short , downside levels marked in chart .
If you like this analysis of Stock give a Thumbs up // Like , let me know in comments below :)
RELIANCE INTRADAY FALLING CHANNELReliance after a big fall, is stuck in a falling price channel . Good move on either side (short or long) could be achieved after the breakout of this price channel .
Entry should be initiated if reliance gives closing of 15 mins candle breaking the channel . No entry should be taken if reliance takes support and comes back into the channel without giving closing outside the channel.
The targets for upside and downside are given in the chart and trailling stoploss should be used as we achieve our targets.
This is an intraday trade and not a swing trade .
Simple Trade Setup | RELIANCE | 17-09-2021 [INTRADAY]NSE:RELIANCE
Observations:
1)On Daily Time frame: we can see that the retracement is over now and today it gave good bullish candle as a reversal. Now it will go continue it's bullish trend.
Please refer below chart : Daily time frame.
-------------------------------------
Trade Setup for Date 17-09-2021:
1) Don't Jump in to trade at the beginning of the market. Let it get settle for 15-20min first and judge the price action.
2) Everything is mentioned on the chart. I hope it is easy to understand.
3) All the levels will work as support, resistance, entry and exit w.r.t price action near that level.
Please refer below chart for levels.
Hope I made it easy to understand it.
Do comment your doubt or suggestion.
Note: Trade with Strict SL.
RELIANCERELIANCE me hmm log ko dikh rha hai ek ( descending Traingle ) ek ka matlb hota hai ki hmm log dono tarf trade le sakte hai , jidar barck kre udar
RELIANCE| Positional Trade Setup & Levels | Short/Mid Term (2)NSE:RELIANCE
Retracement is going on.
Now I can expect a dip/retracement till 2335 levels.
You can also refer my previous post on RELIANCE. Link is mentioned below.
