NSE:RELIANCE has given a clean breakout and one can go long here. Keep Stop Loss at 2550. Long consolidation has ended, should continue with rally. The move here will also impact NSE:NIFTY positively.
After long consolidation its Head and Shoulder breakout pattern shown . Target 8 % Sl 3 % Analysis educational purpose
Multi year breakout in Reliance! With reliance, nifty is looking strong too! 🤩🚀
On of the most value creaters has started its up trend. Likely to strike at the red lines shown in the chart, Its ungoing 3 rd wave with in 3 rd wave seems to be extended one. i do expect it to reach other end of the channel and breaking it. But how soon that time will tell. Like this post if it helps you. follow me to get updates.
On the daily chart, the stock had formed an inverse head and shoulders, and has been rising since then. (blue neckline marked on chart). The level of 2629 has been a temporary resistance after that (yellow horizontal line). Currently the stock broke through this resistance. There is a rising volume and atr on and after breakout Thus, there is a short term...
Stock has breached previous all time high levels with breakout from inverse H&S pattern. Let’s watch touching levels of 3000 in upcoming days.
📊 DETAILS Sector: Oil Exploration and Production Mkt Cap: 1,581,655 cr Reliance was founded by Dhirubhai Ambani and is now promoted and managed by his elder son, Mukesh Dhirubhai Ambani. Ambani's family has about 50% shareholding in the conglomerate. TTM PE : 23.09 (Low PE) Sector PE : 29.20 Beta : 1.25 📚 INSIGHTS Mid-range performer Stock...
If reliance moves 15% on the upside, how will the all over Indian market perform.... We got budget and elections too. Then we got rate cuts happening too. It will be a great year ahead!!
Facing the same resistance for the third time, Time is lesser every time reaches the same level again, and can be stock of the year
RIL 3100 before National Elections. With Energy Sector on fire ... Expecting some fireworks in RIL too before Elections. Mota bhai analysis based on my friends demand.... Happy Investing.
Namaste! Any stock can not sustain it's bullish behaviour, without a correction. Reliance has to correct, before going up again. It is the proved nature of markets. Why selling any stock is a good idea. 1. To buy it back at a lower prices, 2. To full-fill urgent needs of money, 3. To let the weak hands enjoy the euphoria and not to stay in the markets when...
Fib- The retracement to 38.2% of the immediate swing is strength. The stock is back to the breakout zone which is the support now. Candlestick - The first candle is the only strong candle post the support at 2517. Rest are very weak candles. Hence I will want to see one more strong candle above 2583 to say the strength still exits. Conclusion- Since there is...
entry above the line stop below the line consolidation breakout (anticipation) (parallel channel breakout )
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...
Reliance is Uptrend as it is creating channel pattern. any retracement happen and comes my entry price@2318 we will enter in this stock and we have to maintain stop loss@2295 my first target@2500 and second target@2560
Reliance spot at 2600 Weekly time frame Horizontal resistance as per previous life high levels, from where counter have changed trend in past, Bearish wolf wave or wedge can also be considered as per formation. Need to keep close watch on price action on daily time frame, if counter is not able to breakout and sustain above life high levels, can retrace around...
Reliance Stock Analysis: Applying the dual bollinger band swing trading strategy to Reliance stock, let's analyze a recent scenario where the conditions were met: Breakout Candle: On Dec 14th, a candle closed above UpperBand (20,1). Volume Confirmation: The volume of this Breakout Candle was significantly higher than the volume of the previous two...
Reliance is making a cup pattern in the daily timeframe but has not given the breakout. you can add in the watchlist for the future purposes.