Intraday levels - 30 June 2021 - RSI Divergence
- Priceaction analysis
- Multiple time frame analysis
Reliancetrade
Swing trade- Daily time frame 50 EMA strong Support , we planing for Swing trade
- Good Risk : Reward ratio 30 : 170
Reliance For Buying Opportunity Reliance Looking for a Buying Opportunity
Reliance Price Rejected from Top Level, There are two supports that may bounce. The first support has a 70% probability of bouncing, while the second support has a 30% chance of bouncing. You may buy for swing trading, short or long term, so don't miss out.
Also, Keep It Mind that
If stock market gurus were true experts, they would buy stock not selling advice. So don't take anyone's word for it; this is just my opinion; do your own analysis
Intraday levels - 25 June 2021 Reliance breakout important channel wait for conformation , if breakout we see a big fall over here may be it's fake breakout . lets see what is next move ? Follow price action
RELIANCE: AGM PLAYOUTStock is forming a triangular structure in an impulsive channel. One should buy on cmp with sl of 2145 for tgt of 2280/2300/2310.
RELIANCE : Result day : BIG Day Reliance closed in negative today and in weekly candle in inverted hammer.
Tomorrow is AGM for Reliance and as per chart, its making Flag & pole pattern.
We may see some SL trapping tomorrow and then breakout......
Reason :
> Near to support of Flag
> Monthly RSI is 78...one push needed to move RSI up
I might be wrong as no one know....but but but.....Lets see tomorrow.
Share your view also.
This is only for educational & learning purpose
Reliance Trade Set Up and UpdateHello Everyone,
This is an update to the earlier trade set up updated in Reliance Industries. Now Reliance successfully closed above 2200 levels which was our first level and next level is Reliance all time high 2369 which is likely to be achieved in coming days. Reliance presently trading at 2245 levels. After 2369 we will once again review the chart and will update for the higher levels mentioned in the earlier idea published on Reliance.
Do consult your financial advisor before taking any position into it.
The contents posted here are only for Educational Purpose.
RELIANCEdescending triangle breakout and retest
or a doble bottom
buy above 2250
sl 2156
tgt 2430, 2500
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
