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RELIANCE INDUSTRIES LTD.RELIANCE INDUSTRIES LTD.RELIANCE INDUSTRIES LTD.

RELIANCE INDUSTRIES LTD.

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RELIANCE trade ideas

Reliance Industries: The Mukesh Ambani of Stocks Attention, traders! Buckle up, because Reliance Industries Limited is ready to take off like a rocket ship to the moon! 🚀📈 We’ve spotted some exciting price action and technical patterns that you won't want to miss. Let’s dive into the details. I. Price Action Overview Chart Analysis Current Price: ₹3,061.10 Daily High: ₹3,075.00 Daily Low: ₹3,012.00 Volume: 14.192M II. Key Technical Indicators Bullish Flag Pattern: RIL is climbing faster than Antilia's elevator during a power outage. The chart clearly shows a bullish flag pattern, a classic continuation pattern indicating potential upward movement. Breakout Confirmation: We've seen a solid breakout from the flag pattern, signaling a potential rally. Volume Breakout: Trading volume is higher than the number of JioMart deliveries on a Sunday. This suggests strong conviction in the move. Accompanying the price breakout, there's a significant increase in volume, further confirming the bullish momentum. III. Trading Idea: For the brave Ambani-wannabes out there, riding this uptrend could be more thrilling than a Bollywood blockbuster. But remember, timing the market is as tricky as navigating Mumbai traffic during monsoon! Price Targets and Support Levels Immediate Resistance: ₹3,100.00 - This is the next level to watch. A break above this could open the doors to higher levels. Support Levels: Primary Support: ₹2,800.00 - A key level to hold for maintaining the bullish outlook. Secondary Support: ₹2,559.25 - This is a more conservative support level, aligning with previous consolidation areas. IV. Risks: If this rally loses steam, the stock could drop faster than your data speed when you run out of Jio balance. Keep an eye on oil prices and telecom regulations, and be ready to book profits quicker than you can say "Jio Dhan Dhana Dhan". V. Final Thoughts: Reliance Industries is flexing its muscles like Mukesh Ambani at an AGM. Will it continue to dominate the market like it dominates your phone bill, or will it take a breather? Only time will tell, but one thing's for sure – this stock is more diverse than the menu at a 5-star hotel buffet! Disclaimer: This analysis is about as guaranteed as a glitch-free day on the MyJio app. Always do your own research and consult a financial advisor before making investment decisions. Happy trading, and may your profits be as hefty as Reliance's market cap! 💼
NSE:RELIANCELong
by TRADING-NASA
2
Reliance Big Move AheadHey Family, there is a one more stock Which is showing a great opportunity. Key Points:- * Forming Ascending Triangle Pattern in daily TF. * From Jan 2024 to June 2024 Moving in a 200-300 Points range. * From Mar 2024 to June 2024 Tested Resistance Many times. * It's Already Break resistance Zone and trying to Sustain Above Resistance Zone and follow up buying is coming. * Volume Accumulation (Volume is Rising). What is your view please comment it down and also boost the idea this help to motivate us. We are Certified. All views shared on this channel are my personal opinion and is shared for educational purpose and should not be considered advise of any nature. Minor Retest is Possible after big move.
NSE:RELIANCE
by ChartSight
Reliance today buy given at 2890-92 we grt huge profit Disclaimer - This information is only for educational purposes, this is not for any buy or sell recommendations . On Our Harmonic pattern indicator based trade setup take trade as explained below :- ENTRY - When price breaks 30% retracement Which is D points then take Entry on Buy or Sell Trade SL - SL is (-3%) Which is mentioned in Chart . our SL is just above or below of Recent high or Low . TARGET - Target 1- (T1 : 61.8 %) Target 2- (T2 : 88.6 %) Target 3-  (T3 : 127.2 %) Target 4-  (T4 : 161.8 %) Please note:- It's working on news based and volitile market very well so exit if SL hit
NSE:RELIANCE
by JaiPrakashShuklaHarmonicTrader
ATH_RELIANCE Today (26-06-2024) Reliance stock is closed at ATH and looking for some upside momentum. Positive Note:- 1) Stock closed @ ATH today. 2) Stock closed With Bullish Engulfing Candle @ Monthly open which is acting as support. 3) Indian Indices Nifty 50 is also closed Higher today. 4) Still Now Large cap (Reliance) stocks have not contributed much to Nifty 50, Now If Reliance stock gives contribution to Index and Index Will reach to ATH again. Negative Note:- 1) Premiums are high for Coming Month July_2024. 2) Wait for pullback and Take opportunity in F & O. Happy Trading!! Only for Educational purpose.
NSE:RELIANCELong
by Babujoseph77
Breakout After 5 Months of Consolidation With Strong Volume ✅ The stock has consolidated for 5 months before breaking out, signaling the end of the consolidation phase and the potential for a strong upward move. ✅ The breakout has occurred above a key resistance level around 3020-3040, which was tested multiple times. The ascending trendline and the horizontal support level converge, providing strong support around the 2600-2700 range. ✅ The stock is trading above key moving averages (not shown but assumed based on typical analysis), indicating bullish momentum. ✅ The breakout is accompanied by strong volume, confirming the bullish sentiment and the likelihood of sustained upward ✅Reliance Industries has been actively diversifying and expanding its business portfolio, including significant investments in renewable energy, retail, and digital services. These initiatives are expected to drive long-term growth and reduce dependence on traditional petrochemical revenues. ✅The company's financials remain robust, with strong revenue growth, healthy profit margins, and manageable debt levels. Key financial ratios, such as P/E and ROE, indicate that Reliance Industries is well-positioned for future growth. ✅The energy sector, particularly the renewable segment, is witnessing strong growth, driven by global sustainability trends and government policies. Reliance's strategic shift towards green energy projects positions it favorably in this evolving market. ✅As one of India's largest conglomerates, Reliance Industries' performance is closely tied to the broader economic environment. Positive macroeconomic indicators and supportive government policies are likely to benefit the company's growth prospects.
NSE:RELIANCELong
by Marketik
#Reliance Industries Stock Trading Important levelsOn 1 Hour Timeframe, Reliance Industries stock trading important levels. Time to wait for either breakout or Breakdown (reversal) for the Reliance Industries. Breakdown Move - Confirmation for breakdown will be if Relinace industries stock starts trading and sustain below 2956 level - Downside rally nearly 50-60 points expected in case of breakdown - Intermediate support expected near 2927- level - Short Trader can place there stop loss if Reliance Industries Stock starts trading above 2973+ level Breakout move - Long side movement expected in case Reliance Industries Stock starts trading and sustain above 2973+ level - Above this level Reliance Industries Stock can go upto the 3236+ level. - Intermediate resistance expected near 3145+ level - Long trader can place there stop loss if Reliance Industries Stock starts trading below 2956- level.
NSE:RELIANCE
by TradZoo
Reliance weekly update 07/JUN/24Reason I choose RELIANCE TO trade beacuse of its huge weitage. Huge Weitage stocks to be considered the less volatile & safe instrument to Trade. As RELIANCE is trading in the Range from Few Weeks, Do not plan to execute orders below the 3050 Levels. If the WEEKLY CHART crossed above the level then only I will plan my trade in RELIANCE. MONTHLY RSI > 60. WEEKLY RSI < 60. Once the 60 levels crossed in RSI on WEEKLY BASIS then will try to Create. POSITIONS on DAILY CHART. An RSI HIDDEN BULLISH DIVERGENCE ( Positive reverse Divergence ) is Printed on Weekly Charts. Seems to be the Consolidation to be over & Fresh breakout to likely happen m SOON. Till then Enjoy the Back Seat Game. WAIT & WATCH & REPEAT. HAPPY TRADING
NSE:RELIANCE
by Princetechnicals
Don't Miss This Stock: Reliance's Bright Future- Elliott Wave Disclaimer: Trading in financial markets involves substantial risks. Consult your financial advisor before making decisions. This commentary is not a solicitation to buy or sell. WaveTalks - Market Whispers: Can you hear them? --------------------------------------------------------------------------------------------- Stock Overview: Since January 1996, Reliance stock started an impulsive rise from ₹12.95, unfolding a series of 1-2, 1-2 waves. Currently, Primary Wave ③ (blue) is in progress and has a long way to go. This wave is subdivided into green bracket waves (1), (2), (3), and (4), with wave (4) forming a triangle. Now, we are in bracket wave (5) (green). Current Wave Structure: Wave (5) (green) is subdividing into Yellow waves: Yellow Wave 1 completed at 3024.90 Yellow Wave 2 (one leg could be completed or complete wave 2 could be ended at ₹2718 on June 4th, post-election results) Upcoming Targets: Wave 2 completion is confirmed once Reliance surpasses ₹3050. Targets are: ₹3500 ₹4025 (162% of Yellow Wave 1, which peaked at ₹3024.90) Why Add Reliance to Your Portfolio: Stock bounced sharp upside from 2718 lows = 200 DEMA (White line) Potential to hit new highs. Expected to reach ₹4000 and later ₹5000 in the coming months and years. Conclusion: Reliance shows strong upward potential. Including this stock in your portfolio could yield significant returns. Let’s review the progress in a few months. Have a great Sunday! Visual Summary of Waves: 1. Primary Wave ③(blue) unfolding 2. Bracket wave (5) (green) in progress 3. Yellow Wave 1 completed at 3024.90 highs 4. Yellow Wave 2 completed at ₹2718 ( alternate -only one part in wave 2 completed at lows of 2718 & wave 2 can be confirm complete once it crosses above 3050 highs) Key Levels: Break above ₹3050 confirms next targets Targets: ₹3500, ₹4025, ₹5000 Plan accordingly and stay tuned for updates. --------------------------------------------------------------------------------------------- From WaveTalks Abhishek
NSE:RELIANCELong
by WaveTalks
4
RELIANCE IND GANN ANALYSIS FOR JUNE 2024 EXPIRYReliance Inds carries a weightage of 9.75% in the Nifty 50 Index. It has been the main stay for investors and funds for past decades. Also it has delivered the goods for the investors and will continue to do the same. Recent all time high made was 3029 on 03 June 2024. Earlier High was made in first week of March 2024 at 3024.90. So after 3 months attempts it made a double top and corrected. Earlier correction from March 2024 took it down to 2769 in second week of May 2024. Current correction took it further down to 2718.60 on 04 June 2024. Trend decider level is at 2690 above which trend is positive. Momentum can be seen above the level of 2810. It faces a resistance at 2960 for that it has to cross and close above the level of 2870. For further growth it has to cross the level of 3050 and momentum can be seen above the level of 3140. Major squaring level come s at 2910 above which it will continue the growth. Happy Trading !!! N.B. Not a financial advice to buy or sell. With usual disclaimers as applicable within the reach of this beautiful trading analysis platform. Thanks to the developers of the program for this opportunity to use it freely to express our ideas to the community of traders.
NSE:RELIANCE
by kbr9121965
Reliance will Support Nifty for Upmove?Reliance Industries, a major component of Nifty 50 with more than 10% weightage, is currently trading at 2850, which is the 61.8% FIBO retracement level of the last swing. We might expect a good bounce from this level. However, if this level does not sustain on a closing basis, we might see a fall to 2728, where there is a strong demand/support zone at 2647 - 2728. The monthly and weekly trends (50 SMA) for Reliance are positive, while the daily trend remains sideways for now. Watch Reliance closely, as its movement will likely influence Nifty's direction.
NSE:RELIANCELong
by PriteshPalan