RELIANCE LONG1. Parallel channel uptrend
2. HH/HL Formation in DTF
3. 2133 levels neckline of IH&S Pattern retested (previously shared)
4. Long for target of 2250+
Ril
RIL LOOK GOOD FOR NEXT WEEKBuy above 2154 , Target 2215 , SL 2140
Nifty Infra Look Good for next week
Treid to pick some good stocks for next week
Monthly and Weekly chart look bullish ,
Buy at resistance breakout
Reliance - Inverted Head and Shoulder.Reliance is looking strong along with CNX infra. It can give a strong breakout soon.
Simple Trade Setup | Reliance | 12-08-2021NSE: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 like it made inverted head and shoulder pattern. Please refer below chart.
Hope I made it simple to understand levels and trade setup.
Do comment your doubt or suggestion.
All the best.
My personal view will be more bullish if it breakout 2126 levels.
RELIANCE TRADE SETUP | 27-07-2021NSE:RELIANCE
Today, it went totally down to it's critical support zone 2075-2080.
Good opportunity to short below 2070.
Target are mentioned on the chart.
Keep stop loss at 2088.
RELIANCE: LOOKING POSITIVE AHEAD OF AGM 2021All eyes are on Reliance's second virtual AGM that comes in the backdrop of world's worst coronavirus outbreak. India’s most valuable company is expected to give a glimpse of its 5G rollout plan, possible listing of its digital unit and a cheaper smartphone being developed with Google and many more.
Technical view: Bullish Flag Pattern, Trading above all SMAs RSI, ADX, MACD are Positive, Valuation is cheap as Stock price < 2/3 Tangible book value per share.
Disclaimer: I am one of those stock enthusiast who loves to trade, i am not an expert, the charts i post here are my records and practice. I reserve the right to be wrong.
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 Industries - 2700 to 2800 this year?Technical viewpoint
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Reliance Industries is in a parallel down-trend zone since late July 2020, that is about 10 months.
On Friday reliance had the highest OI in FnO June series with roughly 132000 contracts volume.
On the same day the stock shot up 6% and crossed 20, 100 & 200 DMA.
Currrently it is trading just below 0.5 Fibo levels. So a profit booking on the immediate is expected with a support on levels 2040 and 2020.
Options' Data
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On the 1st trading session of June FnO series, a huge OI increment can be seen @ strike 2200 with total OI 12155 contracts followed by strike 2100 and 2300 respectively.
Current Put-TO-Call ratio is 0.5 which is bullish.
My own psychology
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Reliance is the most heavy-weight stock in our Indian stock market with the highest weightage in Nifty 50. As nifty 40 closed @ all time high in the last trading session, only about 6-7 stock out of 50 are trading on their all-time high levels while reliance is almost 13% below its all time high. To give you an idea about how powerful RIL is, on Friday and nifty closed about 97points higher and RIL contributed about 91 points out of 97 points alone.
Also Nifty Energy index is at almost al-time high and again RIL is the most heavy-weight stock in the index. Since all time highs can be seen as a potential resistance for the market, nifty may come down to 15100, 15000, 14800 & 14700 levels. Though the probability of this fall turning out to be true is very less but not impossible. But in any way, RIL has to shot up some more % to come to the all time highs.
Reliance Industries: 30% upside Date: 31 May 2021
Target and SL (support) given in the chart.
This is a pure investment idea given on Educational basis. Please trade at your own risk.
Reliance IndReliance Ind - Cmp 1947
Looks good to accumulate at current levels with sl 1835 on closing basis.
There is a small resistance at 1961. Safe traders can buy once closing above 1961.
Reason:
1. Favorable risk reward ratio.
2. Positive bullish divergence.
RIL 4H RIL ind looking good before results. A long term trend line break out on 4H charts and taking support on 61.8 fib levels and 50 EMA showing a great buying on those levels. A perfect confirmation for if closes above 200EMA. WE can buy at cmp and can see a target of 2034 and 2082 with a SL of 1976. RSI above 60 showing a momentum bias for the same and a positive RSI divergence on daily chart.
RIL bearish outlook #H&S_patternHead and shoulder pattern is clearly forming in RIL. Check out the chart for levels.
RIL - Head and Shoulder - 13% downward targetDate: 25 March 2021
RIL has made H&S pattern. Look for a 9% target towards downside. Target and SL are given in the chart.
RELIANCE ON 15 mins chartWe posted about this analysis on 23rd of March & we suggested to go for short position.
Reliance - Head and shouldersLook for neckline break for shorting. Important to note that the nifty is sustaining below 50DMA.
Reliance on 15 min chartSCENERIO - Reliance is trading on a very crucial levels. We have Fibonacci 50% level that gives a good reversal sign. We have 200 ma, where price is sitting right now. We have a good support trend line that has been tested multiple times and seems like this trendline breakdown is a good breakdown because there’s an increase in volume too.
1) 200 MA
2) FIBONACCI 50%
3) Good volume breakdown of support trendline
Look for short opportunity when trendline is broken and for buyers stay alert we have Fibonacci 61.8% level in upward direction to defend. Trade safe.
Reliance will break ATHReliance is looking strong. It gave a trendline breakout and retest in the past but weak markets dragged it down.
Reliance IndustriesFinally Roaring..
so many supply zones and demand zones inside supply zones...
unique in many respects....
the new announcement from management makes it better as value unlocking would happen...
short term 2300 is writing on the wall....
FOR EDUCATIONAL PURPOSE ONLY
Reliance to take long entryBuy Reliance after the BO of the area above the level 2085 for the first target of 2170 & 2nd target 2290 with the SL of 2020. Once stock touch the level of 2170 try to shift SL. This is for your educational purpose only.
Reliance looking good above 2120 levels. Watchout for breakout!It's been consolidating since very long time, while Nifty is making new highs. If it breaks out , it might give you some good targets. Keep it in your watch.
Reliance Industries ltd.Taking a good amount of support. Movement has been really less from past few weeks with diminishing volume. And these are technically reversal signals. So going long on this stock with a suitable SL is not at all a bad option or foolishness just because we have a bearishness perception regarding the markets.
Take the trade, its okay if SL gets triggered, you would end up getting double points on sell side if SL gets triggered. Analysis is a part but taking the trade in the stock is another kind of art. As this an analysis done on EOD basis, have patience while taking position. Don't put all your funds in one price level. Fear of missing out is very common. We need to overcome it.
STOP-LOSS would be closing below 1835 which may pull down the stock to 1618.
TARGET or EXIT signal will updated afterwards.
CHART AND ANALYSIS BY - ADARSH DEY
