RELIANCE READY FOR 3000it is making hh-hl formation in monthly time frame & it is currently at demand zone in monthly time frame ; ready for 3000 ; keep on trackLongby SHORT-TERM-TECHNO-FUNDA0
Reliance - Forming Symmetrical Triangle PatternReliance is forming Symmetrical Triangle pattern in Daily Time frame, Any breakout of the lines, will give us 500 Points move either side depends on the break. Keep this stock in watchlist for Positional Trade. ThanksLongby ViVenTraders4417
RELIANCE target 3500RELIANCE Next 6 month target 3500 Stop loss 2350 Best Buying Opportunity Longby Chandresh_T4
Reliance Industries fib levels for swing tradeReliance Industries fib levels for swing trade, This is for learning purpose how fib levels play in marketLongby JaicharanUpdated 0
Reliance Intraday and positional setupLong above 2600, SL 2588 Short below 2588, SL 2610 Please use the lines as resistance and support for your tradesby TradePrediction0
Reliance buy Reliance looking good with target of 2800. Entry at CMP and hold it.Longby sahoomalayaranjan40
Reliance to take the market up. GO GO GO!!!Reliance industries aiming to hit the range top again Target 2800-2850Longby LuckshyaGargUpdated 444
Reliance Price Action Analysis - Aug-2022Reliance Price Action Analysis for Aug-2022 The above Reliance daily chart laid out a Descending Triangle Pattern, also know bullish reversal pattern Trade Suggestion Buy Entry : 2520 Target : 2610-2684 Stop Loss : 2450 Happy Trading!!!!! Longby TheNewsCryptoUpdated 101017
SWING TRADE : Reliancegood to buy at current level or near support line(dotted). Target: 2700-2750 Average till: 2350 SL: 2200 Disclaimer : This is educational purpose only. It is my personal view, please trade at your own risk.Longby SarthikUpdated 3
Intraday Reliance -2/08/2022Mark these lines on the chart At any point the price crosses the line, take the trade in the same direction and first target would be the next line in the same direction. If the price takes support from the line then take the trade in upward direction , if price is getting rejected from the line then take the trade in down direction. Price reaction can be checked in smaller timeframes Please note that this is only for educational purpose, trade based on your understanding. Shortby mr_bugs_uncle1
Reliance broken TrendlineReliance broken Trendline. Expecting 2700/2750/2800 levels this month.Longby Rajeshaprince12
RELIANCE proceeds as predicted.My detailed study of reliance published here prooves its worh. please go through my last post of reliance. Reaches the target with in early hour of trading. don't forget to like my post. follow me to get updates.by bijoy252623
RELIANCE | Good Swing trade opportunity !!!RRR 1:3 earning opportunity Swing Trade… CMP: ~ 2509.45 (Buy @ ~ 2542.50) SL: ~ 2365 Target: 2668.55 | 2856.15 | 3159.70 ( Targets calculated on the basis of Fib. and previous swings ) Disclaimer: I am not a SEBI registered analyst. My studies are for educational purposes only. Please consult your financial advisor before trading or investing. I am here just to share my views and have fun!!! Don’t take me seriously….. Happy trading !!! Longby RagingBullz0
trendline deceptionI am here giving RIL spot where there are two trend lines which may give a false idea of the break down and trap bearsby kumarthota2009131311
RELIANCE closes above 200 dma.So many factors influencing price of reliance. Windfall tax ,Reliance missed the estimates. However it never closed below the recent low around 2365. on Friday it managed to close above 200 dma (it is hourly chart) which is positive for it.Now it may attempt to cross 2542 which is its recent high on 20 th july. Any decision for windfall tax may help the price of Reliance to rise further. This is my study not any trading recommendation.by bijoy2526Updated 228
Reliance LongAs the resistance zone is broken and if in next session the high is of the previous day gets broken then we should enter into trade and the levels are given in the above image. Longby Faizzansari0
What is moving average?If you have been in the market for some time, you may have heard of an indicator called the “moving average”. Today we are going to take a deeper look at the indicator, along with a few examples of how pros use it. This post will also lay the groundwork for future posts about more advanced moving average topics. Please remember this is an educational post to help all of our members better understand concepts used in trading or investing. This in no way promotes a particular style of trading! The post will shed some light on the following topics: - What is a moving average? - How does moving average work? - Correct usage along with exhibits Introduction A moving average (MA) is a technical indicator that is commonly used to determine the direction of the trend. By continuously recalculating the average based on the most recent price data, a moving average assists in smoothing out the price data. This helps in reducing the impacts of random short-term variations of the price over a given period of time. Working with moving averages - Moving averages are typically calculated to determine the direction of the trend and are sometimes used as dynamic support and resistance levels for a given time period. Exhibit: Moving averages acting as a dynamic support Exhibit: Moving averages acting as a dynamic resistance - Since a moving average is derived using historical prices, it is a lagging indicator. - The lag increases with the length of the moving average. As a result, a 200-period moving average (which includes prices for the previous 200 periods), will lag significantly behind a 100-period MA. - Likewise, a moving average with a shorter period (faster MA) will be more sensitive to price changes as compared to a slower one. Usage - Faster moving averages are typically employed for short-term trading, while slower moving averages are more often utilized for understanding longer-term market dynamics. - Moving averages are applicable to all time frames. Therefore, experimenting and testing several settings over a range of time frames is the best approach to determine which one works for you. - A rising moving average indicates strength, while a falling moving average indicates weakness. Hence, in general, a stock is said to be in an uptrend if its moving average is increasing, whereas in a downtrend if MA is decreasing. - In general, a stock may show bullish momentum if there is a bullish crossover, i.e. when a faster moving average crosses above a slower moving average. - Conversely, bearish momentum may be expected on a bearish crossover, which occurs when a slower-moving average crosses below a faster-moving average. Thanks for reading! As we mentioned before, this isn't trading advice, but rather information about a tool that many traders use. Hope this was helpful! See you all next week. 🙂 – Team TradingView Feel free to check us out on Twitter , Instagram , and YouTube for more awesome content! 💘Editors' picksEducationby TradingView1717576
Relaince going to drop to 2036as per my view relaince going to drp 2036 , rejection already happen two times Shortby ErManikandann113
Reliance Daily ChartHi Viewer, Hope you are doing well. This is my own analysis for Reliance in 1D tf. Levels are drawn. Please have a look. Please Note: I am not a SEBI advisor. Thanks.by vickysharma2603Updated 113
IS RELIANCE GETTING READY FOR 400 POINTS FALL?Double Top has been formed on daily chart and Reliance looks good to sell if sustains below 2360 for the Target of 2000 - 1920. To motivate us, Please like the idea If you agree with the analysis. Happy Trading! InvestPro India TeamShortby InvestPro_India3331
reliance buy trade reliance is at that level...where you can buy the stock...and the reward will be 8 times higher than the risk..so...for the risk of 5000 the profit may goes upto 40000 ...Longby K6633442j2
Reliance 1HJust placed my idea in Position drawing. Can go more upward. Note: Please book your Stop Loss after Candle Closes (avoid SL Hunting). Grey : Small Resistance/Support Levels Green: Buying or Support Zone (buy at support) Red: Selling or Resistance Zone (but after breakout) Just follow the Entry & Exit. Trail SL after 1:1 to Cost + Brokerage.Longby MannuMaggie1
This Star Share Is Looking BearishFrom last few trading sessions we are witnessing a big upside rally in broad market. Nifty 50 from low, made on 22 june recovered +7.5%. It is surprising that Nifty's most treatable player not recovered more than 3 % from recent lows. On technical side 1) The inverted flag pattern is showing a short term down trend, 2) Prices are trading below 200 day moving average, 3) Reliance is not participating with broad market bull rally 4) Bad news (described below) 5) The support level it is holding is very crucial for trend change in medium term. ----------------------- Big Bad News We have seen that how crude oil market of india got a boot by deregulation of prices. But suddenly after few days Govt. Increased taxes on diesel and petrol export significantly to curb the windfall gains of oil producing and refinery companies. - The government imposed a Rs 6 per litre tax on exports of Petrol and Rs 13 per litre on exports of Diesel. - The government also imposed Rs 23,230 per tonne tax on domestic crude oil to take away windfall gains accruing to producers. ----------------------- Now what do you think who will impact the most from this modi govt. move. ? Reliance yes your guess was correct because, reliace jamnagar two refineries were the top refineries of India with refining capacity of more than 35 MT. - Reliance Jamnagar plant can process 1.36 million barrels of crude a day from two refineries, reliance surpassed all the refineries in the year of 2002 – 2003 in terms of volume processing and become biggest Indian Refiner. - Reliance export 80% of its output from Jamnagar refineries. ----------------------- Reliance was reaping the inflated prices of crude products. This move can decrease the margins significantly. ---------------------- NOTE : Quarterly results are scheduled this friday, so keenly watch the price movement and OI data. Shortby BusyBhaiUpdated 141411