Reliance trend analysisReliance 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
Trade ideas
Reliance chart studyReliance 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 5-7-10% going ahead,
counter have give around 20% move from 2200 levels one way so as per fibbo 50% retrace would give a good 8-10% fall in counter.
life high levels remain a key point as the juncture
Capturing Short-Term Gains with Reliance.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 candles.
MACD Confirmation: Both the MACD histogram and MACD line were above zero, indicating positive momentum.
Previous Candles: In the two candles before the breakout, at least one was red and closed between UpperBand (20,1) and BASIS. Importantly, the red candle did not touch the BASIS.
Conclusion:
By following this swing trading strategy, traders can identify potential entry points in the short term, aiming to capture swift upward movements. However, it's crucial to remember that no strategy is foolproof, and risk management remains paramount in trading. Traders should conduct thorough research and consider additional factors before implementing any strategy.
Reliance cup pattern expected breakoutReliance 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.
Reliance : 3 Year of Resistance - Another Point of View📉 Alert! Bearish Pattern Spotted! 🐻
📊 Pattern: Curve Resistance
📌 Symbol/Asset: Reliance
🔍 Description: Stock is around 3 years of curve resistance.
It's another Point of View that noone is talking about.
We can see selling from 2600-2640 levels.
Shorting opportunity !!
👉 Disclosure: We are not SEBI registered analysts, this is not a buy or sell recommendation.
Reliance buy setupTwo valid OB marked, Tgt previous high, lower timeframe confirmation important for 1 orderblock
Follow RR ration
EDUCATION PURPOSE ONLY
Reliance quarter trend line breakoutReliance has good breakout(2hr TF) after a quarter consolidation. Good target visible on the charts.
Weekly Chart of Reliance Industries "Spotting an inverted head and shoulders pattern in Reliance Industries on the weekly chart! 📈 The stock is approaching the neckline, and a breakout could signal an upcoming uptrend with potential minor corrections.
Exciting times ahead!
#Reliance #StockAnalysis #Investing"
RELIANCE Potential Inverted HnSReliance is in the process of forming an Inverted Head and Shoulder pattern. One can enter on the break of the Trendline. The stock is also at the Important Fib level of .5 and .618 of the previous up move so that adds confidence to the trade
Reliance - At A BreakoutThe stock has been moving in a parallel channel for the last 2 months. Now comes to breach upper level. If crosses the channel and sustains above, may go to 2375 or even 2500 in coming sessions.
If sustains below 2290/80, will go weak.
The risk-reward ratio is very good at this point.
This is only my personal view for learning and sharing purposes, not a trading recommendation in any form.
All the best.
BUY RELIANCE @ 2395 - 2400Reliance has given a breakout of a falling trend line and sustaining above that and looking good towards marked target on the chart.
To motivate us, Please like the idea If you agree with the analysis.
Happy Trading!
Reliance march 2024 target 3280Hi dosto
reliance me 52 week breakout hone ke baad 3280 target hai
every dip ce call only
Reliance - Very Bullish above 2422
Please check notes on the chart and act 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.
Real Rally / Crash ?Real Rally yet to start or market soon to be on crash mode?
Weekly Time frame -
* Adx is not yet above 20 but is approaching from below
* +ve DI is above 20 at 28.05
* -ve DI is below 20 at 15.77
* Price action reversed at RSI 40 (Levels 2240/2250) in October'23,
that was a breakout in June'23
* RSI closed above 60 in 2nd week of December'23
* Closing is above Trendline
* Yet to sustain above the Selling zone of 2523-2540
* Head and Shoulder pattern on weekly TF with neck line at above mentioned levels
* A clean breakout or two weeks closing from these levels, may indicate further upmove
Reliance - How to trade - Bullish
Buy Reliance with full confidence, putting stop loss of 2381, and yesterday's time candle of 1.49 p.m.
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.
RELIANCE - Long term analysis (Swing trading opportunity)Potential buying opportunity in Reliance.
Buy - 2341
Stoploss - 2282
Target - 2577
I am just posting my analysis that means i am not recommending to buy or sell to anyone.
Reliance IndustriesReliance is ready for next leg of rally
looks big once cross 2472
2500 ce
This can drive market abv 21000+
Reliance - update
Maintain your position until 2350 is broken. Buy on dips.
Please read the notes mentioned on the chart.
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.
Buy reliance.weekly chart of the relaince .
after five wave up move where wave 5 is an ending diogonal and truncated
it has corrected forming A,B,and C.
wave 2 has retraced 61.8 percent of wave 1.
Now the 3 rd wave has commenced which will be confirmed when it takes out the high
of wave 1.
so it is a nice opportunity to buy reliance at the moment.
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Hourly chart will be updated.
please go through my recent posts
Reliance Looking BullishReliance looking bullish to me.
I have marked 1st, 2nd and 3rd target on d chart.
I have also marked buy zone and stop loss.
Please like, share and follow me.
Thanks.
#RELIANCEReliance Highest High on the leg
Crossing 2483 opens the gate to 2546
In Q1 RRG
No Overlap
In momentum on HTF
Reliance Industries - Fully Bullish
There is thick copper line drawn providing support to the stock and a thin copper line crossing it from the above. Buy on dips, this is the stock which will be keeping Nifty up now.
Buy on dips.
Disclaimer: I am not a Registered Analyst with any National/International Regulatory Agency. 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.
