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Ril

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 | 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.
NSE:RELIANCE
by Trading_hawk
2
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.
NSE:RELIANCELong
by Chinmayonniftyy
Reliance Industries - 2700 to 2800 this year?Technical viewpoint ------------------------ 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 ---------------- 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 ----------------------- 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.
NSE:RELIANCELong
by Anwar_Khan
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.
NSE:RELIANCE
by Trademint08