RLI trade ideas
RELIANCE WEEKLY ANALYSISReliance weekly chart looks weak at current level, one can go for short with stoploss for 2500
1.Channel breakdown with healthy retest and can go for target of 2200
2.Rising wedge pattern breakdown and can go for target of 1850
3.can exit if weekly candle closing above 2500
Watch out for RelianceAfter analyzing Relieance's stock, there are indications that a potential breakout may occur in the near future
However, it's important to note that stock market investments come with inherent risks, and predicting breakouts or price movements accurately is challenging. It's advisable to consult with a financial advisor or conduct further research to validate the analysis and make informed investment decisions.
RELIANCE Chart analysisReliance is retesting it key price level of 2430 after the breakout from the Inverted head & shoulder pattern. In coming few days it can touch the levels of 2500 & 2580 respectively. If the level of 2430 is not sustained then we can see price at it's lower levels of 2330. Along with that, is RSI crosses above 50 or below 40 then it will be the second confirmation about the up or down move.
RELIANCE to Dip via Inverted Cup & Handle ??!!Chart patterns look good for a short trade in Reliance industries
REASONS
1. RELIANCE has been trading inside an Ascending Channel and currently it is down under its Downswing move inside the channel
2. There is a Monthly breakdown (shown in chart) out of a 5 year old trendline support
Monthly timeframe chart below -
3. In weekly chart shown below, we can clearly witness lower high and lower low formed recently confirming Bearishness!!
4. In daily timeframe , it is trading in the form of an Inverted Cup & Handle and its due for Breakdown!!
5. Target levels mentioned as Horizontal dashed green lines
6. SL can be day candle closing out of the purple slanting trendline
7. Safe Entry can be after 2hr Breakdown out of the Inverted cup & handle pattern.
Let's wait & watch, how it moves!!!
NOTE - Just Sharing my View....not a tip nor advice!!!!
RELIANCE trade planReliance industries is looking good for a short from current price for a short term duration(need good breakdown retest on daily time frame else invalid) , towards targets of 2350-2340 levels which is a major support zones , and a positional long can be considered from same levels with small SL of 3-4% and potential bigger reward on the upside
Reliance IndReliance IND
Buy@2425
Sl- 2332.00
TGT - 2475
2570
2638
2715
For educational purpose
All the very best
RELIANCE - #intraday Chart Analysis || 16th May,2023 #stocksAnalysis Criteria Used:
1. Please find the Chart Analysis done for the Intraday Trade Idea levels for 16th May, 2023
2. The analysis for the Trade ideas, has been done based on Trend analysis and Chart Patterns with Volume Buildups
Focus On:
1. Always keeping your Risk Management in play
2. Using a Stop Loss; because it is your Best Friend
3. Always Plan your Trade and stick to your Plan
4. Dont overthink or overanalyse
5. Treat this as your Business and get serious about it
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DISCLAIMER:
.
* Please do your own research and/or contact your financial advisor before taking any trading opportunities
** We will not be responsible for your profit or loss
*** We are NOT SEBI REGISTERED
______________________
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RELIANCE - Swing Trade || 15th May, 2023 #stocks Analysis Criteria Used:
1. Please find the Chart Analysis done for the Swing Trade Idea levels for 15th May, 2023
2. The analysis for the Trade ideas, has been done based on Trend analysis and Chart Patterns with Volume Buildups
Focus On:
1. Always keeping your Risk Management in play
2. Using a Stop Loss; because it is your Best Friend
3. Always Plan your Trade and stick to your Plan
4. Dont overthink or overanalyse
5. Treat this as your Business and get serious about it
#sharemarket #stockmarket #nifty #sensex #investing #trading #nse #bse #stockmarketindia #stocks #indianstockmarket #investment #stockmarketnews #banknifty #finance #money #intraday #intradaytrading #investor #niftyfifty #dalalstreet #sharemarketindia #sharemarketnews #stockmarketinvesting #business #sharemarkettips #stock #india #indiansharemarket #rakeshjhunjhunwala #bhfyp #mumbai #share #wealth #investment #market #invest #trading #investing #finance #FinancialFreedom #investor #trader #stocks #profit #investors #economy #equity #shares #nifty #stockexchange
DISCLAIMER:
.
* Please do your own research and/or contact your financial advisor before taking any trading opportunities
** We will not be responsible for your profit or loss
*** We are NOT SEBI REGISTERED
______________________
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best stocks to buy now
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best stocks to buy today india
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swing trading beginners
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RELIANCE - AnalysisThe key levels for RELIANCE are as follows.
The move is Just started.
Buy - 2482
Target - 2600
RELIANCEIs RELIANCE INDUSTries ready for another major rally on the upside , RR looking great with downisde risk of just 3-4% , if idea goes right reward can even be 30%
Reliance - reversal from support level|bullish candle|volume|emaSimple chart as trend reversal from support level.
bullish candle - the price move by 2.55%, mitigate the fall of past 3 days
volume - the surge with positive movement in price
ema - close above 20
Thanks
-AJ
Reliance IndustriesReliance is looking attractive near 2310- 2330 Rs . it is in a sideways zone, Considering it for short term move with upside potential of 5-7%.
Target 1 : 2450
Target 2 : 2495-2500
Disclaimer : The Above shared Content is for information and education purposes only and should not be treated as investment or trading advice. Im not SEBI registered, Contact your financial advisor before any investment.
RELIANCE chart studyReliance spot cmp 2497
Elliot wave study
60 Mins time frame.
Counter is on verge to mature its impulse phase, currently counter is in 5 th wave,
ending diagonal formation in wave 5 and final leg of ending diagonal can mature any time, one reversal confirmation from price action would give first indication of reversal in trend,
Once reversal is confirmed , corrective phase might unfold which would lead counter to much lower levels,
Bearish divergence on RSI and MACD with respect to price, indicate weakness in trend ahead.
Levels of 2495-2520 would act as strong resistance.
Counter need to cool off to resolve divergence of indicator and also to adjust the wave of elliott.
Bulls time to be cautious at current price , wait for good retracement to re enter in this counter.
Keep watch.
Reliance 2180 could be decade Low. Reliance after a 5 Wave Rise from covid bottom has completed a double Zig-Zag as WxY & now starting a new impulse which indicates new records could be set by this company in next 2 years Ril can cross 5000 levels investors can go long with SL at 2180.
I am not a SEBI registered analyst please consult your advisor before investing chart shared for education purpose only.
Reliance IND Reliance IND
Buy@2425
Sl- 2332.00
TGT - 2475
2570
2638
2715
This is for educational purpose
intradayboth side potential
avoid first 15min breakout
wait for 15 min candle closing
targets are marked
follow risk management
do your own analysis
do workout
do meditation
start reading book
Entrap ?2241 if break on or before 27th March then we are going down heavy
Near floor is at 1895 (10th May 2023)
Disclaimer:
It's a personal view not a financial advise and I assume no responsibility and liability whatever outcome arises
Realince is Make or Break Reliance Closing 2420.1 with a stop loss of 2350 & in Upperside target is 2500-2550-2600+.
#Buying Reason.
1 --> Price create a Head & Shoulders Pattern.
2 --> Price is breakout the #Pattern.
3 --> Price is cross the 200 ema.
4 --> Volume is also made the #consolidation move.
5 --> RSI is above 60.
6 --> ADX is showing the Upmove and +DMI is rising.
7 --> Bollinger Bands are Also ready to Open in Upperside.
intradayboth side potential
avoid first 15min breakout
wait for 15 min candle closing
targets are marked
follow risk management
do your own analysis
do workout
do meditation
start reading book
RELIANCE --BUILDING STRENGTH RELIANCE --DAILY CHART --SETUP
TECHNCIAL OBSERVATION
1. Reliance seen pullback at 2200 sub level after fall from 2700 sub level
2. short term resistance 2300 cross recently and stop trading 2340 level at present
3. 2300 will work as strong support now , above 2350 daily trendline breakout level , Entry can initiate 2300-2350 level for target 2400-2500-2600 short term
Positional ( 1-3 ) month , stop loss place bellow trendline at 2180
4. CCI Seen given bullish divergence , CCI ema crossover seen and CCI above center line
5. Stock trading above 24,35,50 HMA
**THIS IDEA IS FOR EDUCATIONAL PURPOSE .. Trade at own risk !
HAPPY TRADING .!!
RelianceCounter is trading around resistance zone as per past price action data,
RSI is at historical levels from where counter always take a u turn, keep watch
till it remains below it time for bulls to exit and bears to take entry,
above resistance zone counter can start a fresh upward journey
