RIIL - Multiyear - Breakout - Retest - MonthlyReliance Industrial Infrastructure Limited - RIIL
Here's an analysis of the key points highlighted in the chart: Monthly Chart
16-year high breakout: The stock has broken out of a multi-year consolidation pattern, indicating a significant bullish move.
Multi-year breakout and retest: The price broke above a key resistance level around 1135 INR and then retested this level, confirming it as new support.
Volume analysis: The chart notes "Good volumes while going up and low volume during pull backs." This is a bullish sign, as it indicates strong buying pressure during uptrends and weak selling pressure during corrections.
Price pattern: The stock has formed an upward sloping channel (marked by yellow lines), suggesting a steady uptrend.
Current price action: The stock is trading at 1384.90 INR, up 16.22% with a volume of 5.731M shares.
Historical price range: The chart shows a low of 162.25 INR and a high of 3175.00 INR over the period displayed.
Recent consolidation: After the breakout, the price has been consolidating in a tight range, potentially setting up for another move.
Overall, the chart presents a bullish long-term view of the stock, with the recent breakout and volume characteristics supporting the potential for further upside. However, as with all technical analysis, it's important to combine this with fundamental research and be aware of potential risks.
RIIL trade ideas
Reliance IND Infra Ltd. (Cup & Handle)Date- 14th March 2024
Time - 18:41
-As we can see RIIL has formed Cup& Handle Chart Pattern and also trying to retest today on daily basis.
-One more thing I have noticed and applied here is Fixed Range Volume Profile Tool , to identify where exactly the most volume has created. Which was 1000 Rs. in this case.
-If Current price is above POC (Point of Control) red line means, next big supports are near that price. So, if its breakdown from retest point it can go till 1000 Rs or if it revered from rested point then 1st Target will be 2384 Rs . according to Cup & Handle Pattern.
- Also, on smaller Hourly Timeframe is showing Bullish Continues Divergence too.
Triangle Pattern BreakoutPlease look into the chart for a detailed understanding.
Consider these for short-term & swing trades with 2% profit.
For BTST trades consider booking
target for 1%-2%
For long-term trades look out for resistance drawn above closing.
Please consider these ideas for educational purpose
Please note that, if there are some big targets, those are drawn thinking for long term.
Relaince Ind Infra 2 year cup breakoutRIIL trading at 1348 has broke its neckline of 1293.
It has crossed its 14 year high.It can also be consider as cup and handle. cup of 12 year and handle of 2 year. As per cup handle Pattern following is the target.
Fisrt target of 1800
second target of 2300
If it retest its Neckline then it will be a good oppurtunity to accumulate it.
This is for Educational Purpose. Not a Buy/Sell Recommendation.
BREAKOUT, RELIANCE IND INFRA, 56% RETURNS!!!BUY - RELIANCE IND INFRA
CMP - Rs. 1517
Target - 1: Rs. 1942
Target - 2: Rs. 2359
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Timeframe - 10 months - 18 months
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Technicals - Cup and Handle Pattern Breakout
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This is just a view by an expert analyst, please invest at your own risk.
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RIIL is approaching a strong supply zoneRIIL has given a trendline breakout and is looking good for short term target of 1250.
Try to buy at lower price, around 1025-1050 for good risk reward.
SL should be below 970 DCB.
If the stock manages to give a weekly closing above 1300, we can see 1500+ levels in the stock.
Idea shared for educational purposes only
RELIANCE IND INFRA RIIL BREAKOUTReliance Ind Infra {RIIL}
cmp 1100
Buy at cmp or at retest
Any dip upto 1000 is buy
keeping 950 as Weekly Closing Basis Stoploss For--
targets🎯 1150 / 1200 / 1250+++
Above resistance Zone 1070
Attempted trendline breakout
Attempted Cup & Handle pattern too
Fresh Breakout above 1250
Value addition
INVESTMENT PICK
technical trade setup
Regards..
Keshav..
15/10/2023
Reliance Ind - RIIL - Multiyear BO stockReliance Ind - RIIL - Multiyear BO stock. Can be a good bet for 1800 and more.
Volume is also Supported. Can give good return in Coming weeks and Months. As a Swing trader i try to Capture less but quality deals which can give good return in Weeks and Month.
Alays Focus on Risk Management and use Dips to buy these Multiyear High Stocks.
Remember: I am a Price Action Trader and use Price and Volume together with different Timeframes, including RSI, and market conditions. To get best result always wait for confirmation. Focus on Risk Management and Position sizing.
I use Trading view for my Analysis and charts Repositories. I could have Or Couldn’t have positions in Sharing Ideas.
Treat trading like a business and it will pay you like a business…..!!
Hope this post is helpful to community
Thanks
RastogiG
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I am not Sebi registered analyst. The analysis and discussion provided on in.tradingview.com/u/RastogiG/
is intended for educational purposes only and should not be relied upon for trading decisions. RastogiG is not an investment adviser and the information provided here should not be taken as professional investment advice. Before buying or selling any investments, securities, or precious metals, it is recommended that you conduct your own due diligence. RastogiG does not share in your profits and will not take responsibility for any losses you may incur. So Please Consult your financial advisor before trading or investing.
RIIL - 14yrs breakout + Cup & Handle1. RIIL has been trying to break 1200-1250 level since 2009 but have failed couple of times.
2. It has formed a beautiful cup & handle pattern for these 14 years and looking really promising if gives a weekly closing above 1250.
3. Do not enter in FOMO & wait for closing.
Purely for educational purposes.
Thanks
Piyush Gupta
Learn & Earn
13 Years Multiyear Breakout at RIIL13 Years #Multiyear #Breakout at #RIIL (Reliance Industrial Infrastructure Ltd) Weekly Chart. Its #Outperformed #Nifty.
BSE: 523445 \\ NSE : RIIL
What Is the Inverse #headandshoulders ?
An inverse head and shoulders, also called a "head and shoulders bottom", is similar to the standard head and shoulders pattern, but inverted: with the head and shoulders top used to predict reversals in downtrends.
This pattern is identified when the price action of a security meets the following characteristics: the price falls to a trough and then rises; the price falls below the former trough and then rises again; finally, the price falls again but not as far as the second trough. Once the final trough is made, the price heads upward, toward the resistance found near the top of the previous troughs.
An inverse head and shoulders is similar to the standard head and shoulders pattern, but inverted.
It may be used to predict reversals in downtrends.
An inverse head and shoulders pattern, upon completion, signals a bull market
Investors typically enter into a long position when the price rises above the resistance of the neckline.
ONLY FOR #educational
NOT SEBI REGISTERED. #LEARNEARN (TRUST YOURSELF)
#nifty50 #sharemarket #BREAKOUTSTOCKS #Multibagger #sharemarket #sharemarketindia #sensex #technicalanalysis #Chartanalysis #headandshoulders #doubletop #doublebottom #parallelchannel #relativestrength
DISCLAIMER: I am not SEBI registered analyst. All posts are for educational purpose only. I am not responsible for your any loss or profit. Consult your adviser before taking any trade. I help people to learn technical analysis & charts reading.