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RELIANCE INDUSTRIES LTDRELIANCE INDUSTRIES LTDRELIANCE INDUSTRIES LTD

RELIANCE INDUSTRIES LTD

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RELIANCEPP trade ideas

Reliance weekly TF analysis (March 29)current Trend: Double Bottom with morning star formation (need to wait it end of week for confirmation) Two possibility: 1) reverse from this trend line support (it consider as false break out from parallel channel and has high chance to reach top of parallel channel(ST as of now) 2) if it breaks(major trend line is broken) it has protentional to reach 2000 level Indicator: 1) 35 RSI is reversal point for Reliance in long term basics 2) MACD -Slight weakness found in histogram
NSE:RELIANCELong
by satheeshSelvisubramanian
#Reliance downtrend movement with risk:reward 4#Reliance downtrend movement with risk:reward 4 Symbol: Reliance Time frame :4-hours chart Analysis breakout from the symmetrical Triangle Downtrend Movement Checked the conditions for moving average, RSI and volume Sell at 2196 with this stop loss 2295 and target 1830 HOPE our analysis is adding value to your Stock market trading Journey. NOTE: Published Ideas are for ‘’EDUCATIONAL PURPOSE ONLY’’ trade at your own risk. NOTE: RESPECT The risk. SL should not be more than 2% of the capital. Happy Trading #stockmarket, #sensex, #bse, #sharemarket, #nse #reliance
NSE:RELIANCEShort
by TanujaK
Institutional Buying Zone Looking at past data, it is visible that: whenever, reliance comes to this zone and breaks out, it rallies, candle after candle, and has given 18% and 30% returns in almost 1 month. Reliance is at the same zone and at the bottom of market structure, it has formed 2 more bullish confirmations. 1. liquidity grab- Reliance broke the support zone and trapped short sellers and used that liquidity to burst out 2. Multiple Bearish Anomalies- As reliance approached the zone, it has a type of stopping volume, like a person slamming the brakes, red candles came with high volume but with very little downward price movement and started forming lower wicks. Even a good time to buy for investments. Target: 2754 Stop loss: 2180 Risk:Reward- 1:5 Keep It Simple
NSE:RELIANCELong
by Krish_Kohal
2
Hammer PatternHammer candlesticks typically occur after a price decline. They have a small real body and a long lower shadow. The hammer candlestick occurs when sellers enter the market during a price decline. By the time of market close, buyers absorb selling pressure and push the market price near the opening price. The close can be above or below the opening price, although the close should be near the open for the real body of the candlestick to remain small. The lower shadow should be at least two times the height of the real body. Hammer candlesticks indicate a potential price reversal to the upside. The price must start moving up following the hammer; this is called confirmation. Script = Reliance Time Frame = 1 Day
NSE:RELIANCELong
by Jainshashwat
Reliance - Looking week Reliance Stock analysis report. Reliance has formed Head and shoulder on Two years trend (around 2400 levels). Resulting in downtrend and showing signs or testing 1800 Levels. While Having this in mind It has also formed Head and shoulder (Smaller one) supporting bigger one. Target 1 - 2200 has been met and now sideways around this level. Further breakdown will take it down to 2160 levels... Post 2160, stock can be analysed about retesting 1800 levels.
NSE:RELIANCEShort
by shashidhara25