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Reliance - Triangular Breakout Drawn is a triangle in daily chart of Reliance and visualize that the triangle has been completely filled up. 2319.9 is -360 degree angle means the new wave will start from this level. Price swing level are High 2423.05 78.60% 2380.4533 61.80% 2347.0129 50% 2323.525 38.20% 2300.0371 23.60% 2270.9758 11.80% 2242.461489 Low 2224 Trade with confidence. Disclaimer: I am not a SEBI Registered Analyst. Please consult your financial advisor before making any decision. I will not be responsible for any of your profits/losses. This is only for educational purposes. Let you grow. May! I follow you.
NSE:RELIANCE
by rekhi567
Reliance - Update 1. Marked are the swing levels of reliance on the chart. 2. Yesterday's candle of 11-7-23 1:09 PM created resistance for the stock. 3. Today's candle of 11-8-23 11:18 AM is the most important candle for the stock. 4. Mark high and low of this candle in 1 minute chart and trade accordingly. Disclaimer: I am not a SEBI Registered Analyst. Please consult your financial advisor before making any decision. I will not be responsible for any of your profits/losses. This is only for educational purposes. Let you grow. May! I follow you.
NSE:RELIANCE
by rekhi567
Reliance IndustriesReliance Industries analysis shown on Weekly Chart:- - Reliance Industries is trading below RSI 30 on Daily Timeframe. - Its below 200 EMA on Daily Timeframe. - Its expected to bounce back either from RSI 40 or RSI 30 on weekly timeframe. Four Major Support levels for Reliance on weekly chart are as follows:- - Support 1 @ 2100 (Qty 25%)- Its a Trendline Support (White Trendline) & Horizontal support. - Support 2 @ 2000 (Qty 25%)- Its a 200 EMA Support (Red line) & Horizontal support. - Support 3 @ 1850 (Qty 50%)- Its a Supertrend line Support (Green line) & Horizontal support. - Support 4 @ 1670 to 1650 - Its a Major Horizontal support, Keep Stoploss at 1650. Resistance marked with Red Horizontal lines may work as Targets:- - Swing & Positional Target 1 @ 2400 - Swing & Positional Target 2 @ 2565 - Reliance Industries is a Nifty 50 stock with strong Fundamentals with long Term targets of 3500 & 4000. This idea is for Educational purpose and paper trading only. please consult your financial advisor before investing or making any position. Happy Trading :-)
NSE:RELIANCELong
by MasterTrader1949X
1
RELIANCE INDUSTRIES 06-11-2023 TGT 2468-2540-2627RELIANCE INDUSTRIES can be an interesting in terms of Risk Reward with following reasons 1. 20 Month's SMA support @ 2300 levels. with 61.8 % fib Retracement also falling within same area and daily SMA also at 2307 levels. (Multiple supports in 2280-2300 zone. 2. ABCD pattern under formation on weekly chart 3. Price crossed above 20 SMA (daily) and Narrowing Bollinger Bands on daily chart 4. Can be a good risk reward if we keep previous low zone of 2220 - 2180 as major support / stop loss zone and look for long in dips Next resistance as per fib projection can be 2468- 2540- 2627 whereas as per option chain major CE open interest as of today is at 2400 levels. Lets see how it evolves.
NSE:RELIANCELong
by rajivrajeev
Short-Term Trading Opportunity Alert: Reliance in FocusHello Traders! I’ve got my sights set on Reliance for a short-term trading opportunity. Before you dive in, here’s what you need to know: Analysis: On the daily and four-hour time frames, we’ve got an intriguing pullback opportunity that could lead to some upward movement. Caution: Keep in mind, the overall direction of this stock is bearish, so tread carefully. Trading Opportunity: If you’re keen to seize this chance, consider a long position from the indicated levels. Derivative Traders: For those in the derivatives market, keep an eye on 2200 or 2300 CE options for November expiry. Risk Management: Always set stop-loss orders and be prepared for fluctuations in the market. Takeaway: This isn’t an investment opportunity but a short-term trading play. If you’re comfortable with short-term moves, this might be your playground. Your Strategy: What’s your take on Reliance? Planning to hop on this ride or staying on the sidelines? Share your thoughts below! Stay Informed: Follow for updates on this trade opportunity and more. Happy trading!
NSE:RELIANCELong
by AlphaTradingStation
RELIANCE in Bearish Trend: Should You Buy or Sell? Based on the chart, RELIANCE INOS is in a bearish trend. The price has been falling for a while, and it is now at a support level of 2313.95. If the price breaks below this level, it is likely to continue falling. However, if the price can hold above this level, there is a chance that it could rebound. Here are some of the key observations from the chart: The price has been falling for a while, forming a series of lower highs and lower lows. This indicates that the bears are in control. The price is now at a support level of 2313.95. If the price breaks below this level, it is likely to continue falling. The price has been consolidating at this support level for the past few days. This indicates that there is some buying pressure at this level. The volume is relatively low, which indicates that there is not a lot of interest in the stock at the moment. Overall, the chart suggests that RELIANCE INOS is in a bearish trend. If the price breaks below the support level of 2313.95, it is likely to continue falling. However, if the price can hold above this level, there is a chance that it could rebound. Conclusion: Investors should be cautious about buying RELIANCE INOS at the current time. The stock is in a bearish trend, and there is a risk that it could continue to fall. Investors should wait for the stock to show some signs of strength before buying.
NSE:RELIANCEShort
by TRADING-NASA
Reliance - update 1. Reliance at the bottom of Triangle drawn has a greatest support at the green line drawn. 2. The price is taking support at red 50 SMA in 1H. 3. Provided are the swing levels for last 4 days, 5. Today's Candle 11-1-23 11:22 AM is most important for the Indian Market. Mark high and low of this candle and trade accordingly. Disclaimer: I am not a SEBI Registered Analyst. Please consult your financial advisor before making any decision. I will not be responsible for any of your profits/losses. Let you grow. May! I follow you.
NSE:RELIANCE
by rekhi567
Reliance - Update 1. Reliance is above 200 SMA in daily chart which is taken as a bullish signal. 2. Major Resistances and Supports have been drawn on the chart by way of Green Horizontal Lines. 3. Fibonacci Levels have also been provided. 2272.65 is the 50% Level. If you are already in, place your SL just below there and if not buy only above it and sell below. 4. Next important major candle is 11-4-23 10:15 AM Disclaimer: I am not a SEBI Registered Analyst. Please consult your financial advisor before making any decision. I will not be responsible for any of your profits/losses.
NSE:RELIANCE
by rekhi567
📉 Alert! Bearish Pattern Spotted! 🐻📉 Alert! Bearish Pattern Spotted! 🐻 📊 Pattern: Falling channel 📌 Symbol/Asset: RELIANCE 🔍 Description: Stock is in a falling channel and we might see correction from the resistance. 👉 Disclosure: We are not SEBI registered analysts, this is not a buy or sell recommendation. Technical patterns are just one piece of the puzzle. Consider conducting further research, consulting with a financial advisor, and managing your risks appropriately.
NSE:RELIANCEShort
by FiveCircles