#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.
Reliance Power Ltd (RPOL) @ 153 Million Volume yesterday strong break out with momentum. NEWS: Reliance Power to raise up to Rs 1200 crore via debt route from Varde Partners Strong breakout with volume break out and momentum created in day chart. Reliance power breakout for long. so strong upside are coming. BUY above 23.30 NEXT TARGET 25.20, 28.35 . Time to go...
On daily candle we can see Bullish Harami candle. Unfilled Gap we can see @ 2701 Symmetric triangle we can see. I will add more Qnty once it cross @2594.35
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.
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 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 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. ------------------------------------- Trade Setup for Date:...
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...
EXPLANATION : 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...
EXPLANATION : 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...
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.....
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...
NSE:RELIANCE Observations: 1) On Daily Time Frame it looks like an inverse head and shoulder pattern. And closed at the neckline which is 2145 level range. Please refer Chart below: 2) On Daliy time frame it has also closed above 50MA. 3) Next up level which has open interest addition is at 2160 call option. But an interesting thing is that for 2200...
NSE:RELIANCE Here is the simple trade setup with levels and actions mentioned on the chart. I hope it is easy to understand. Do comment your doubt or suggestion. All the best.
NSE:RELIANCE Simple Trade Setup On 15min time frame if you see it made kind of W pattern. And breakout level of it is exactly at 2120 level. Also it is facing resistance from black trendline and breakout of that trendline will give good up move. Levels and targets are mentioned on the chart. Hope it is easy to understand. On Daily Time Frame it looks...
NSE:RELIANCE Trade Setup for 05-08-2021 Fresh Buy side entry only above 2110 level. All the levels will work as Support, resistance, entry and exit w.r.t price action on particular day near to that level. If you are already an experience trader then you can even short from the above levels. But if you want to take safe trade on buy side then better to...