Inverted H&S | #RelianceInverted H&S breakout, the stock did bounced post retesting the neckline with volume and thus it seems open for higher levels
RELIANCE trade ideas
What do you think of relaince.What I think is in the chart.
It is going to break the channel.
All time high made in april 25 2022
was expannded flat.There after it has undergone
complex correction with y wave ending in the month of march 2023.
And new impulse wave starting after that.
And it is all set to achieve new all time high.
please go through my recent posts of bank nifty.
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Reliance Daily candle resistance at 2450 Reliance daily looks week at current level around 2450
one can look in to short positional at current level
with the stop loss of 2500
target price 2100 and 1700
Reliance Ready for 2650 and 2750Reliance after consolidatiing made Inverted Head and Shoulders. Can see 2650 and 2750
reliance industries immediate hurdle 2495-2500#reliance immediate hurdle 2495 -2500 (astro level).. above that 2585
if sustains above this level than more upsides..
Reliance Ready for 2750+ in next 50 daysRELIANCE is looking good on Daily & Weekly Charts & can move up 9% in coming 50 days.
LTP - 2486
SL - 2400
Targets 2750+
Time Frame 2 Months / 50 days.
Risk Rewards - 1:4
Reliance Full Trendline ViewReliance now make double Bottom at 2180 2160 level
so till 2160 closing Basis than we can see Upside 2300 2400 2450+++
Once Break 2160 than we can see downside 2024 1984 level
Break down Zone only Below 1830 WCB so will be see here what can be possibility for long term
View purely base on trendline demand and supply base.
RELIANCE WEEKLY ANALYSISReliance weekly chart looks weak at current level, one can go for short with stoploss for 2500
1.Channel breakdown with healthy retest and can go for target of 2200
2.Rising wedge pattern breakdown and can go for target of 1850
3.can exit if weekly candle closing above 2500
Watch out for RelianceAfter analyzing Relieance's stock, there are indications that a potential breakout may occur in the near future
However, it's important to note that stock market investments come with inherent risks, and predicting breakouts or price movements accurately is challenging. It's advisable to consult with a financial advisor or conduct further research to validate the analysis and make informed investment decisions.
RELIANCE Chart analysisReliance is retesting it key price level of 2430 after the breakout from the Inverted head & shoulder pattern. In coming few days it can touch the levels of 2500 & 2580 respectively. If the level of 2430 is not sustained then we can see price at it's lower levels of 2330. Along with that, is RSI crosses above 50 or below 40 then it will be the second confirmation about the up or down move.
RELIANCE to Dip via Inverted Cup & Handle ??!!Chart patterns look good for a short trade in Reliance industries
REASONS
1. RELIANCE has been trading inside an Ascending Channel and currently it is down under its Downswing move inside the channel
2. There is a Monthly breakdown (shown in chart) out of a 5 year old trendline support
Monthly timeframe chart below -
3. In weekly chart shown below, we can clearly witness lower high and lower low formed recently confirming Bearishness!!
4. In daily timeframe , it is trading in the form of an Inverted Cup & Handle and its due for Breakdown!!
5. Target levels mentioned as Horizontal dashed green lines
6. SL can be day candle closing out of the purple slanting trendline
7. Safe Entry can be after 2hr Breakdown out of the Inverted cup & handle pattern.
Let's wait & watch, how it moves!!!
NOTE - Just Sharing my View....not a tip nor advice!!!!
RELIANCE trade planReliance industries is looking good for a short from current price for a short term duration(need good breakdown retest on daily time frame else invalid) , towards targets of 2350-2340 levels which is a major support zones , and a positional long can be considered from same levels with small SL of 3-4% and potential bigger reward on the upside
Reliance IndReliance IND
Buy@2425
Sl- 2332.00
TGT - 2475
2570
2638
2715
For educational purpose
All the very best
RELIANCE - #intraday Chart Analysis || 16th May,2023 #stocksAnalysis Criteria Used:
1. Please find the Chart Analysis done for the Intraday Trade Idea levels for 16th May, 2023
2. The analysis for the Trade ideas, has been done based on Trend analysis and Chart Patterns with Volume Buildups
Focus On:
1. Always keeping your Risk Management in play
2. Using a Stop Loss; because it is your Best Friend
3. Always Plan your Trade and stick to your Plan
4. Dont overthink or overanalyse
5. Treat this as your Business and get serious about it
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DISCLAIMER:
.
* Please do your own research and/or contact your financial advisor before taking any trading opportunities
** We will not be responsible for your profit or loss
*** We are NOT SEBI REGISTERED
______________________
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RELIANCE - Swing Trade || 15th May, 2023 #stocks Analysis Criteria Used:
1. Please find the Chart Analysis done for the Swing Trade Idea levels for 15th May, 2023
2. The analysis for the Trade ideas, has been done based on Trend analysis and Chart Patterns with Volume Buildups
Focus On:
1. Always keeping your Risk Management in play
2. Using a Stop Loss; because it is your Best Friend
3. Always Plan your Trade and stick to your Plan
4. Dont overthink or overanalyse
5. Treat this as your Business and get serious about it
#sharemarket #stockmarket #nifty #sensex #investing #trading #nse #bse #stockmarketindia #stocks #indianstockmarket #investment #stockmarketnews #banknifty #finance #money #intraday #intradaytrading #investor #niftyfifty #dalalstreet #sharemarketindia #sharemarketnews #stockmarketinvesting #business #sharemarkettips #stock #india #indiansharemarket #rakeshjhunjhunwala #bhfyp #mumbai #share #wealth #investment #market #invest #trading #investing #finance #FinancialFreedom #investor #trader #stocks #profit #investors #economy #equity #shares #nifty #stockexchange
DISCLAIMER:
.
* Please do your own research and/or contact your financial advisor before taking any trading opportunities
** We will not be responsible for your profit or loss
*** We are NOT SEBI REGISTERED
______________________
best stocks to buy today
best stocks to buy now
best stocks to buy
best stocks for Intraday tomorrow
best stocks for long term investment
best stocks to buy today india
best stocks for swing trading
swing trading strategies
swing trading beginners
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RELIANCE - AnalysisThe key levels for RELIANCE are as follows.
The move is Just started.
Buy - 2482
Target - 2600
RELIANCEIs RELIANCE INDUSTries ready for another major rally on the upside , RR looking great with downisde risk of just 3-4% , if idea goes right reward can even be 30%
Reliance - reversal from support level|bullish candle|volume|emaSimple chart as trend reversal from support level.
bullish candle - the price move by 2.55%, mitigate the fall of past 3 days
volume - the surge with positive movement in price
ema - close above 20
Thanks
-AJ
Reliance IndustriesReliance is looking attractive near 2310- 2330 Rs . it is in a sideways zone, Considering it for short term move with upside potential of 5-7%.
Target 1 : 2450
Target 2 : 2495-2500
Disclaimer : The Above shared Content is for information and education purposes only and should not be treated as investment or trading advice. Im not SEBI registered, Contact your financial advisor before any investment.
RELIANCE chart studyReliance spot cmp 2497
Elliot wave study
60 Mins time frame.
Counter is on verge to mature its impulse phase, currently counter is in 5 th wave,
ending diagonal formation in wave 5 and final leg of ending diagonal can mature any time, one reversal confirmation from price action would give first indication of reversal in trend,
Once reversal is confirmed , corrective phase might unfold which would lead counter to much lower levels,
Bearish divergence on RSI and MACD with respect to price, indicate weakness in trend ahead.
Levels of 2495-2520 would act as strong resistance.
Counter need to cool off to resolve divergence of indicator and also to adjust the wave of elliott.
Bulls time to be cautious at current price , wait for good retracement to re enter in this counter.
Keep watch.
Reliance 2180 could be decade Low. Reliance after a 5 Wave Rise from covid bottom has completed a double Zig-Zag as WxY & now starting a new impulse which indicates new records could be set by this company in next 2 years Ril can cross 5000 levels investors can go long with SL at 2180.
I am not a SEBI registered analyst please consult your advisor before investing chart shared for education purpose only.
