RELIANCERELIANCE broke out of triangle pattern as well as butterfly pattern above(2359) with good volumes.
Could be bought with stoploss of 2325 & targets of 2400/2420.
Note:- Reliance results tommorow.
RELIANCEPP trade ideas
Reliance ChartLevels to play in reliance given in chart .
Disclaimer : Posts are for educational purposes only ; not any buy or sell recommendations..
Please consult your financial advisor for initiating any trades
RELIANCE - Expecting a movement to the downsideReliance is forming ascending channel & has clear formation to the downside to reach at 1830
Reliance : Flag CodeTechnical Analysis :
Strength : Weak
Chart Type: Daily
Chart Pattern : Bullish Flag
RSI : Above 50
Price is above 20 DMA and Below 200 DMA
Expected target : 2360, 2400
Expected Support: 2277
The new expected Targets would be 2300, 2325, and 2350 if the stock reaches the support level before the current targets.
#Reliance cash : Looks good above 2370.10#Reliance cash -Positional
16.04.2023
Looks good above 2370.10
Stoploss 2340
Target 2416-2420/2480
Cmp 2355.50
Reliance weekly chart saying somethingOn the weekly time frame then stock is making hanging man pattern from last 2 weeks which is a negative sign of price action.
I am looking for correcting in the script till 2051 that will be value buying zone.
Closing above 2400 on weekly basis will open up more up side target.
RELIANCE can be good for income option strategiesReliance: the heavyweight counter is trading in a tight range
with support can be seen at 2250 areas while hurdles at 280-2410 zones
the counter need to surpass this range for any effective trade
however good for option strategies like IRON FLY, IRON CONDOR, STRADDLE SHORT with a hedge, and calender strategy as well
RELIANCE is looking good to meNSE:RELIANCE is taking some resistance at 2350 levels. If this levels is taken up then upside would be quick and at least 50 points gain can be seen. 2290 should work as support now.
Reliance Stock Analysis(Short term Swing)Reliance Stock Analysis(Short term Swing)
Reliance Stock created a Double Bottom near 2180 in Daily/Hourly Timeframes.
Good opportunity to build a long near 2210-2220 for the Targets of 2290/2315/2365.
Stop Loss is 2180. Above 2290, XABCD Activates and the move of stock will be fast.
RELIANCE SHARE PRICE ACTIONReliance target is the 2700 level, that level touch in the week of a time
RELIANCE BUY ( Positional Trade Idea )Name- RELIANCE
Trading Style- Positional
Strategy- Trendline Breakout + Daily Closing
Timeframe- Daily Chart
Buy Above Breakout Candle High
Stoploss Below Breakout Candle Low
Target Should be 1:2
Note: All the details are provided on the chart itself
Check updates regularly regarding this trade idea
Reliance 2300 area Crucial Reliance 2300 area crucial , now at 2330 there is falling trend line resistance at current level, any dip to 2300 level and holds with positive price action look for buy option to target of next resistance which is 2400 area stop loss 2280 .Gaps up dont chase we re analyse at higher levels at 2400 area .Below 2300 sustains we can short to targets time 2250 to 2200.
#POSITIONAL STOCKReliance looks positive on the chart. on the daily framework, it has made a W pattern and it has base/support at level 2300. if it maintains and crosses the upper trend line highlighted in red color, then we can see a good move and we can expect a 2400+ level in the coming weeks/months.
Please do your own study before any trade, This is just my view and it can be wrong at any point of time.
Reliance intraday 15minReliance look bearish short below 2325
Target 2255
Sl 2370
Based on technical analysis ( harmonic, price action, volume profile, Elliott wave)
Reliance and patternPublishing herewith my idea about reliance using multiple time frame
will add some more graphics in comment section
Reliance case studyDemand zone as per previous swing high and low
Support as per ascending trend line
Descending parallel channel support
Confluence of all support zone at same point.
Reliance Deep Crab HarmonicReliance is forming deep cra harmonic pattern near 2180-2190 zone.. can go long after a bullish candle.. Targets 2280 2335
Stop loss 2160 2140
Reliance buy CMP 2248 Target 2300-2335- 2380- 2400- 2430-2480+Reliance buy CMP 2248
Target 2300-2335- 2380- 2400- 2430-2480+
BUY RELIANCE | RISK REWARD LOOKS GOODReliance is trading near it's support zone and expecting a bounce from this zone towards marked target on the chart.
To motivate us, Please like the idea If you agree with the analysis.
Happy Trading!
InvestPro India Team
RELIANCE DOUBLE BOTTOM BREAKOUTRELIANCE breaking out from double bottom
good volume breaking 20ema
target can be 2450
educational idea only
reliance wave analysis for long this stock get some retracement and get boost
if it is happened parallelly nifty 50 also move in same manner
S O , Traders you can login two options at a time for long
look at this idea.
RelianceGartley Harmonic Pattern has activated in Reliance in 2H timeframe.
Potential Reversal Zone according to the said structure appears in the zone of 2366-90.
Let's see.
