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Reliancetradesetup

Simple Trade Setup | RELIANCE | 14-12-2021 [ INTRADAY ]NSE:RELIANCE Observations: 1) On 1day time frame,it couldn't manage to sustain above 21DMA and close below 21DMA. But it is still trading above 100DMA. 100DMA is major support. 21DMA is placed at 2444.06. 100DMA is placed at 2389.26. Major breakout level is at 2500 level. Please refer below chart : 1day Time Frame. 2) On 1hr time frame, it has been trading in triangle pattern since long time. And it is keep on squeezing. And now it is near to the squeezing exaggeration. Breakout on either side, we can see good move. Please refer below chart : 1hr Time Frame. ------------------------------------- Trade Setup for Date: 14-12-2021 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 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.
NSE:RELIANCE
by Trading_hawk
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.
NSE:RELIANCE
by Trading_hawk
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 :)
NSE:RELIANCE
by pranav_nanavare
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.
NSE:RELIANCE
by Trading_hawk
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.
NSE:RELIANCE
by Trading_hawk
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.
NSE:RELIANCE
by Trading_hawk
7
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.
NSE:RELIANCE
by Trading_hawk
3
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 .
NSE:RELIANCE
by Ankitkamble252
3
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.
NSE:RELIANCE
by Trading_hawk
8
Simple Trade Setup | Reliance | 30-08-2021NSE:RELIANCE Trade Setup for Date 30-08-2021: 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) If it breaks the RSI trendline on 15min time frame and breaks the trendline on price chart then it will be quick buy entry. 4) All the levels will work as support, resistance, entry and exit w.r.t price action near that level tomorrow. Please refer below chart for levels. Hope I made it easy to understand it. Do comment your doubt or suggestion.
NSE:RELIANCE
by Trading_hawk
1
Simple Trade Setup | RELIANCE| 27-08-2021NSE:RELIANCE Observations: 1) Rounding bottom breakout perfectly worked. And gave good move in last two days. ------------------------------------- Trade Setup for Date 27-08-2021: 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 tommorrow. Please refer below chart for levels. Hope I made it easy to understand it. Do comment your doubt or suggestion.
NSE:RELIANCE
by Trading_hawk
6
Reliance Industries price action analysisReliance took a correction of nearly 10% from 15th June to 25th July, then made an up move. This correction completed the target of the bearish bat pattern(left side, Moving to the current situation, the price is again at a decisive potential reversal point but being already beaten up, chances of fall are less if spoken logically. There could be a fall also, so be it becomes absolutely important to wait patiently for a trade position. Above the supply zone, all the shorts could be trapped, a short covering move could give a strong rally upside. This is a neutral idea. So there are no targets. Once we have a proper trend, we will set targets. Happy trading :) This is not investment advice, please consult your financial advisor before investing.
NSE:RELIANCE
by Sanjan91
2
Simple Trade Setup | RELIANCE | 25-08-2021NSE:RELIANCE Observations: 1) On 1 hour time frame earlier it had made inverse head and shoulder pattern which we already covered in earlier post . Now it has made rounding bottom pattern on 1hour time frame with neck/breakout line at level 2190. Please refer Chart below: 1 hour time frame. ------------------------------------- Trade Setup for Date 25-08-2021: 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 tommorrow. Please refer below chart for levels. Hope I made it easy to understand it. Do comment your doubt or suggestion.
NSE:RELIANCE
by Trading_hawk
31
Simple Trade Setup | RELIANCE | 23-08-2021NSE:RELIANCE Observations: 1) On 15min Time frame, it is trading in downward channel. Please refer Chart below: 15 time frame. 2) On 1 Hour Time Frame, it is now back to its neckline after giving breakout of inverse head and shoulder. As per theory it should now test this neckline and give bullish move upside. Please refer Chart below: 1hour time frame. ------------------------------------- Trade Setup for Date 23-08-2021: 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) If it breaks out the parallel channel then it will give up move and if it breaks down the parallel channel then it will give down move. If you know the scalping and experience trader then you can do in between the parallel channel with the levels and if you are a safe trader then better to wait until it gives the breakout or breakdown from the parallel channel and then take trade from the mentioned levels. 3) Everything is mentioned on the chart. I hope it is easy to understand. 4) All the levels will work as support, resistance, entry and target w.r.t price action working near that level tomorrow. Hope I made it easy to understand it. Do comment your doubt or suggestion.
NSE:RELIANCE
by Trading_hawk
5