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Reliance Industries Analysis! Trend Reversal??Reliance Industries Daily Analysis! Inverted Head and Shoulder Pattern Formation in Reliance Industries on Daily Timeframe! Does trend reversal will happen? Does the clear downtrend will be converted into Uptrend? NIFTY also forming the same pattern please look Nifty Analysis also by clicking on the below link! As we know the Inverted Head and Shoulder Pattern is a Reversal Pattern and it detected after a Downtrend. After that we have seen a positive move in Reliance Industries. In last 4 trading sessions Reliance Industries gives a breakout to the Neckline and trading above it but in the last trading session we can see the selling pressure was high. So Reliance Industries couldn't break the key level which is 2462.85 which is the Resistance level also. So we are waiting for Reliance Industries to break the key level Then only it will be a decent Entry. Trade Initiation = Entry = Above 2462.85 Target = 1) 2488.40 2) 2593.15 3)2700 Stop Loss = Below 2404.50 Rest of the Analysis you will find on the chart. I have done all the possible Analysis on the chart which took lots of time. If you like this Analysis please support this Analysis. I hope you will lean something about Technical Analysis from this chart. Thank you all for your Support! Disclaimer = All my analysis are for Educational Purpose only. Before entering into any trade - 1) Educate Yourself 2) Do your own research and analysis 3) Define your Risk to Reward ratio 4)Don't trade with full capital
NSE:RELIANCELong
by Avinash9087
8
Traders' Inverse Relationship with Breakouts⚡Retail traders often find themselves entangled in false breakouts or breakdowns. However, it's important to recognize that taking advantage of breakout opportunities isn't inherently flawed. The key lies in being mindful of the associated risks and never trading beyond what is considered an acceptable level of risk. By doing so, traders can protect themselves from unnecessary losses and navigate the market more wisely. ⚡Another crucial aspect of successful trading is planning for potential failures. While the solution seems simple – cutting losses and exiting the trade – it's essential to define what constitutes failure beforehand. Identifying these conditions before entering a trade allows traders to establish clear criteria for when it's time to step back and avoid further losses. ⚡To increase their chances of success with breakout trades, traders can consider adopting a strategy of trading pullbacks after a breakout has occurred. Typically, stocks pull back to retest their breakout levels, presenting attractive trading opportunities. While this approach can mitigate some failures, it's important to acknowledge that no trading strategy is foolproof. There may be instances where traders miss out on certain opportunities due to a lack of pullbacks, leading to feelings of "Fear of Missing Out" (FOMO). Remember, trading involves inherent uncertainties, and no strategy guarantees a 100% success rate. ⚡Lastly, traders should keep in mind that support levels offer potential buying opportunities, while resistance levels indicate potential selling opportunities. Being attentive to these key levels can assist traders in making informed decisions and improving their overall trading performance. Regards Do hit boost 🚀 for motivation.
NSE:RELIANCEEducation
by Bravetotrade
10
LONGNSE:RELIANCE Entry at above the 2554.8 Stoploss will be at the price of 2517.5 Target will be at the price of 2658.25 The Reliance is one of the Nifty 50. At the present , the Nifty-50 is the strong uptrend. Also Reliance did break out minor a strong resistance and Cup and handle pattern. The last day had a strong bullish candle. That candle indicates had a huge buyer coz it was demand zone. Last three days of trading hours , the Reliance prices are going up and also increasing the volume too. As comes to risk and reward ratio, stoploss will be 38.5 points in percentage 1.51% and target will be 105.55 points in percentage 4.13%. Only for education purpose.
NSE:RELIANCELong
by amusedLeopard94352
Does Reliance will test 2850-70 LevelAs per technical Analysis Looks Like Reliance will Face resistance Near 2805-10 level and if its break with volume then probably we can see 2920-2960 level but currently its look difficult. if anyone is ready to take risk then Go with Hedge Position. Buy Reliance 2780 CE Near 43-44 and Sell Reliance future Near 2786-88 Level Stop Loss 2805 Target 2730,2700 Investment required -42000 Maximum Loss - 6000 Profit upto - 14000 Only for Educational Purpose.
NSE:RELIANCEShort
by PrachiMetha
1