#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: ...
As per my analysis, Reliance reaches 2420 as per 2 hours chart.
As per Daily chart,, if the value breaks 2300, then we can expect down trend upto 1800.
Price & Volume relationship:
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Price goes up but Volume goes down these means not a good time to invest.
Look closely at the "W" pattern forms which means if the neckline is broken then do not be in hurry, Watch out for Volume & OI & then Boom Boom !!!
Price & Volume relationship
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Daily & Weekly: Both volumes support price decline.
The RED trendline is deciding factor for reliance.
If that breaks than we will see a further downfall.
Take the long position on reliance industries within period of 2-3 months, reliance can reach a new high of 3300.
Disclaimer: I am not SEBI registered analyst
Reliance is trading near yellow support line, it has taken support from these levels in the recent past. Let's see if it breaks this time or takes a bounce.
Both side levels are marked on the chart with white lines.
To motivate us, Please like the idea If you agree with the analysis.
Happy Trading!
InvestPro India Team
Here is my view on RELIANCE INDS
3 downside GAPS were pending, so no long view we will only short when we have best opportunity untill we will wait.
Conditions applied:
If 2730 taken out then we can initiate position till 2674 & if that taken out then 2638 & so on.
Hi everyone, Reliance industries short term swing trade consider buy above: 2,425, target: 2,590. stoploss: 2,347.
LOGIC BEHIND TRADE: Stock has recently given breakout & pull back on it`s resistance buying on pull back is idea (target is identified from harmonic xabcd pattern level 1.131) stoploss is taken low of resistance candle. Stock looks good for short...
NSE:RELIANCE
Trade Setup for 09-02-2022
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...
NSE:RELIANCE
Observations:
1) On 1 day time frame, it tested 200 EMA 2nd time today. 200EMA is working as support at this moment.
On daily chart it made doji candle. If it trades above today's high then we can look for long trade. And if it starts to trade below today's low then it will be short trade.
Please refer below chart : 1day Time Frame. ...
NSE:RELIANCE
Trade Setup for 18-01-2022
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...
NSE:RELIANCE
Trade Setup for Date: 03-01-2022
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...
NSE:RELIANCE
Trade Setup for Date: 29-12-2021
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...
NSE:RELIANCE
all the trade setup will remain same as per previous.
Trade Setup for Date: 28-12-2021
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...
NSE:RELIANCE
Observations:
1) On 15 min time frame,we can see that it has been facing resistance from the resistance channel.
And major breakout level is at 2400 level range.
On sustainable breakout of 2400 it will be short term bullish.
Please refer below chart : 15 min Time Frame.
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Trade Setup for Date:...
Reliance has strong support zone at 2300-2280 levels and looking good to buy on Dips until these levels are intact on closing basis.
To motivate me, Please like the idea If you agree with the analysis.
Happy Trading!
InvestPro India Team
![RELIANCE: Simple Trade Setup | RELIANCE | 09-02-2022 [INTRADAY]](https://s3.tradingview.com/q/qUSa25eE_mid.png "Simple Trade Setup | RELIANCE | 09-02-2022 [INTRADAY]")
![RELIANCE: Simple Trade Setup | RELIANCE | 28-01-2022 [INTRADAY]](https://s3.tradingview.com/8/8cHZ0TkI_mid.png "Simple Trade Setup | RELIANCE | 28-01-2022 [INTRADAY]")
![RELIANCE: Simple Safe Trade Setup | Reliance | 18-01-2022 [INTRADAY]](https://s3.tradingview.com/3/3rdhyF4p_mid.png "Simple Safe Trade Setup | Reliance | 18-01-2022 [INTRADAY]")
![RELIANCE: Simple Trade Setup | RELIANCE | 03-01-2022[INTRADAY]](https://s3.tradingview.com/s/sQjnw4LA_mid.png "Simple Trade Setup | RELIANCE | 03-01-2022[INTRADAY]")
![RELIANCE: Simple Trade Setup | RELIANCE | 29-12-2021 [INTRADAY]](https://s3.tradingview.com/n/nZk28nUE_mid.png "Simple Trade Setup | RELIANCE | 29-12-2021 [INTRADAY]")
![RELIANCE: Simple Trade Setup | RELIANCE | 28-12-2021 [INTRADAY]](https://s3.tradingview.com/x/x5pzbA0u_mid.png "Simple Trade Setup | RELIANCE | 28-12-2021 [INTRADAY]")
![RELIANCE: Simple Trade Setup | RELIANCE | 27-12-2021 [INTRADAY]](https://s3.tradingview.com/b/BWUAiRmr_mid.png "Simple Trade Setup | RELIANCE | 27-12-2021 [INTRADAY]")
