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RELIANCE | POLE+FLAG CONTINUATION!A strong pole & flag formation is seen in Reliance. A strong pole is characterised by the absence of retracements i.e.., resembling almost a straight line. Stock has consolidated in a flag formation & appears to be testing the resistance with HH, HL formation. Such tests high a high probability of a breakout to occur. The trade consists of a RR of 1:2. But this is NOT a Trade Recommendation. Please do your own analysis before entering positions. Thank U:)
NSE:RELIANCELong
by Divergent_trader
1
Reliance Industries Monthly Gann Angles Analysis...28 March 2024Reliance Industries Monthly Gann Angles Analysis...28 March 2024... Levels and Angles marked on Monthy chart carry a lot of weightage... Study them carefully and use it for decision making... Level of 3039 seems very important on chart... This could the next next game changer for it... Gann 50% Rule at work.... Happy Trading !!! N.B. Not a finanancial 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 programme for this opportunity to use it freely to express our ideas to the community of traders.
NSE:RELIANCE
by kbr9121965
ReliancePrice was moving up steady by taking trend line support. Now it has broken it and consolidating. Trend direction deciding zone is 2916 - 2924. Safe buy is to watch how the price is reacting at the zone and trade. Buy above 2900 with the stop loss of 2886 for the targets 2916, 2936, 2952 and 2978. Sell below 2870 with the stop loss of 2886 for the targets 2854, 2838, 2822 and 2804. Check the live market updates. Hit the like button to Rock !! Show some energy !! Note : This is my pre market analysis and my trading journal. Not a suggestion to buy or sell. You are responsible for whatever you do.
NSE:RELIANCE
by vanathi
2
Tomorrow focus on reliance buy trade will support nifty and pullOn Our Harmonic pattern indicator based trade setup take trade as explained below :- Early trades Buy or sell below/ above 23.6 %, safe trades buy or sell above / below 41% , after taking trade next upside or downside levels will be target , When reverse buy or sell signal appear then book profit on Target or trail SL to 23.6 % If trailing SL hit then early trade can be taken above or below 23.6 and safe trade can b taken above/ below 41% .. Please note:- It's working on news based and volitile market very well so exit if SL hit
NSE:RELIANCE
by JaiPrakashShuklaHarmonicTrader
1
Reliance as said earlier will go to 3000 then fall to 2800 ,On Our Harmonic pattern indicator based trade setup take trade as explained below :- Early trades Buy or sell below/ above 23.6 %, safe trades buy or sell above / below 41% , after taking trade next upside or downside levels will be target , When reverse buy or sell signal appear then book profit on Target or trail SL to 23.6 % If trailing SL hit then early trade can be taken above or below 23.6 and safe trade can b taken above/ below 41% .. Please note:- It's working on news based and volitile market very well so exit if SL hit
NSE:RELIANCE
by JaiPrakashShuklaHarmonicTrader
1
Getting Started with Technical AnalysisInvesting in the stock market can be both exciting and overwhelming. There are so many stocks and strategies are there that make it hard to decide where to invest. That’s where technical analysis comes in. It’s the study of market data to find patterns, trends, and potential opportunities. To get started with technical analysis, you need to first understand what exactly technical analysis is. Technical Analysis: Technical analysis may sound complex, but it’s actually quite easy. In simple terms, it’s a method of assessing stock or any tradeable asset by studying statistics based on market activity, like past prices and volume. Technical analysts believe that by analysing charts and other indicators, they can identify and predict market trends for any security. Essentially, they study a stock’s trading history to measure its potential for future price changes. Let’s understand this with an example: Let’s make a comparison to weather forecasting. Can we predict the weather for the future? Yes. Is the weather forecast always 100% accurate? No. Weather forecasts are applicable over a period of time rather than being precise second by second. Similarly, just like meteorologists use past weather data and atmospheric patterns to forecast future weather conditions, technical analysts utilize past price and volume data to predict future stock prices. How You Can Start Technical Analysis of Stocks? To begin with technical analysis, the first step is selecting a security for analysis. This can include stocks, commodities, currency pairs, or any other tradable financial instrument available on an exchange. Once you have decided on the security, the next step involves studying its price and volume data. A widely used tool in technical analysis is the price chart. It provides a visual display of a security’s price changes over time. Price charts come in various types, with the candlestick chart being the most popular and commonly used option. Candlestick charts offer wide information in a single platform. Each candlestick represents a specific time period, like a day or an hour. The body of the candlestick indicates the security’s opening and closing prices within that timeframe, while the wicks or shadows represent the highest and lowest prices recorded during that period. By studying these candlesticks, traders can identify patterns and trends in the price movements of the stock. Along with price charts, traders use various technical indicators to analyse securities. These indicators are mathematical calculations derived from the price and volume data of a security. They give signals that confirm trends, identify potential buy or sell signals , and provide additional information to traders. Some popular and commonly used technical indicators are moving averages , relative strength index (RSI) , and Bollinger Bands , among others. These indicators help traders to judge market conditions, identify potential price reversals or trends, and help to take trading decisions. Dos and Don’ts to follow when starting Technical Analysis: Do’s: A Volume is an important tool for technical analysis. High trading volume suggests a strong trend, while low volume can indicate a lack of buyers and sellers in security. Traders mostly confirm trends and signals by using multiple indicators. With one or more than one indicators, a trader can become more confident in a potential trade. This approach allows for a thorough analysis of different aspects of the market, increasing the chances of making informed trading decisions. One of the most important tips to remember is that while technical analysis can assist in identifying potential trades, practising effective risk management is essential. Risk Management involves implementing stop-loss orders and ensuring that you don’t risk more than a certain percentage of your portfolio on any single trade. With the help of these risk management techniques, you can protect your investments and maintain a disciplined approach to trading. As the price of stocks is changing every time, you need to stay updated with news and investments that can impact your investment. Don’ts: While technical analysis can look complex, it’s important to avoid difficult things. Stick to the fundamental principles and strategies, and you should be on the right track. Sometimes, simplicity is the key to effective analysis and decision-making in the stock market. While technical analysis is important, it shouldn’t be the only way to evaluate securities. It’s also important to consider fundamental analysis , which involves looking at a company’s financial statements and economic factors. By using both technical and fundamental analysis, investors can get a better overall understanding of the securities they are analysing. Trading can involve emotional decisions, but it’s important to let no emotions cloud your judgment. Stick to your trading strategy and avoid making impulsive trades driven by fear or greed. By maintaining discipline and adhering to your predetermined plan, you can make more rational and informed trading decisions. When you’re taking potential trades, it’s important to think about the risk-reward ratio . This means comparing the potential profit with the potential loss. With a good risk-to-reward ratio, you can make smarter decisions and aim for a good balance between R:R in your trading strategy. Conclusion: Technical analysis is a great tool for traders and aspiring investors in the Indian stock market. It helps identify potential opportunities by analysing price and volume data, allowing traders to recognize patterns and trends. However, it’s important to follow certain guidelines when using this approach. With the help of candlestick patterns , indicators, risk management tools, and fundamental analysis traders can achieve their financial goals.
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NSE:RELIANCEEducation
by khushaljain023
2
The Reliance have fallen now but is there is a level to hold?well yes there is and here are the levels of reliance and then we got the fib golden ratio to back it up and if it didn't reverse from that area then there is a major demand level which is a strongest one and then we can expect it to reverse from there unless if there is no negative news of that and we can expect the reliance to take its upward ride in like 4 or 5 days because of Volatility and there are news alleged to reliance that goes like this: Reliance Ethane Holding, a wholly-owned subsidiary of Indian conglomerate Reliance Industries, has invested a total of $102.9 million in three of its wholly-owned subsidiaries Ethane Coral, Ethane Diamond, and Ethane Jade. Reliance Ethane invested in 34.3 million ordinary shares of face value of $1 each in the subsidiaries, according to a Tuesday filing with the BSE. The three companies have entered into ship-building contracts for the purchase of Very Large Ethane Carriers (VLECs) each for the transportation of Ethane. The investment will help the subsidiaries to make part payments for the cost of construction of the three carriers RELIANCE Reliance Industries is falling or rising technical reasons Technical analysis forecast for Reliance Industries Stock is that its in a downtrend for shortterm, and I will avoid taking a BUY or a LONG trade in this stock. Look for opportunities to sell or SHORT Reliance Industries RELIANCE at this time. Stock is falling and might fall more. It appears as if Reliance Industries RELIANCE gave a large move recently. Stock of Reliance Industries (RELIANCE) is trading below an important moving average line, but it crossed this line recently, which means that it could show a small or a large recovery soon enough depending on its trend. Although my analysis for Reliance Industries is bearish for shortterm, but stock is in heavy over sold zones and there are high chances of some recovery tomorrow. You might want to buy the stock tomorrow in intra day with a stoploss of 2859.6, for a target of 2902.3 or 2937.81 RELIANCE Reliance Industries is falling or rising NEWS fundamental reasons Company Announcement - NEWS as on 2024-03-11 Reliance Industries, NMDC among 5 stocks with short buildup Short buildup means more people are expecting the prices to go down and creating short positions. - NEWS as on 2024-03-10 indiatimes.com Reliance Capital lenders' counsel asks Hindujas to roll out IBC plan The National Company Law Tribunal (NCLT) approved the ₹9,650 crore resolution plan of IIHL in its order dated February 27. Torrent Investments, which was the other bidder in the fray, has contested the resolution process, and the matter is pending before - NEWS as on 2024-03-06 indiatimes.com
NSE:RELIANCE
by dad-and-son-traders
Reliance Industries Arm Injects $103 Million in Three SubsidiariReliance Ethane Holding, a wholly-owned subsidiary of Indian conglomerate Reliance Industries , has invested a total of $102.9 million in three of its wholly-owned subsidiaries Ethane Coral, Ethane Diamond, and Ethane Jade. Reliance Ethane invested in 34.3 million ordinary shares of face value of $1 each in the subsidiaries, according to a Tuesday filing with the BSE. The three companies have entered into ship-building contracts for the purchase of Very Large Ethane Carriers (VLECs) each for the transportation of Ethane. The investment will help the subsidiaries to make part payments for the cost of construction of the three carriers.
NSE:RELIANCE
by dad-and-son-traders