RELIANCE - AnalysisThe key levels for RELIANCE are as follows.
The move is Just started.
Buy - 2482
Target - 2600
RLI trade ideas
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
RELIANCE - INVERTED HEAD AND SHOULDER'S PATTTEN - 2 HRReliance is showing a bullish crossover of 20 EMA and 200 EMA from below. RSI 78 indicating high momentum with rising volumes. However below 2325 it will be weak. The target as per height of the pattern come at 2639 but it may face resistance at 2491
#Reliance ! #Inverted Head & Shoulder #Reliance forming #Inverse Head & Shoulder pattern open for targets of 2600+
Dear Readers,
How to identify Inverse Head and Shoulders
An inverse head and shoulders pattern is comprised of three component parts:
After long bearish trends, the price falls to a trough and subsequently rises to form a peak.
The price falls again to form a second trough substantially below the initial low and rises yet again.
The price falls for a third time, but only to the level of the first trough, before rising once more and reversing the trend.
Reliance Swing tradeReliance is looking very bullish can be a great swing trade this week, trade wise
trend line breckout trend line breakout in reliance
day candle closes above trend line
inverted head and shoulder formation
be ready for fast and furious recovery in reliance
Reliance Industries : Updated ViewCHeck RIL Day chart...King of Indian stock market...Nifty cannot move without RIL
disc : for educational purpose
RELIANCERELIANCE
Will react to numbers tomorrow
Good Long if sustains above 2416
A dip towards 2256 may also give an opportunity
with SL below 2175
Reliance looking on Up trend for next 3 MonthsReliance is looking good Buy from current Levels for coming 3 Months. Possibility of Gap up opening on Monday.
Early to Predict but Inverse H & S getting formed on Daily charts & Long Term targets will be above 3200-3300 in coming Years.
RelianceRELIANCE has just announced its Results...... the Best in toooooo many quarters....... WOULD YOU GET BULLISH ???? Dont let your heart rule over what your eyes see................ I dont know what your eyes see....... What I SEE is marked for you. Many of you would probably TAG me as MAD.... So be it
Wait for Range BreakoutBuy if range breakout with big candle of rectangle
Sell if range breakout lower side of rectangle
reliance made proper consolidation before moving further upside, strong result on 21.04.2023 for Q4
take look on 50 EMA and volume when breaking the Upper side
>take proper stop loss with 1:3 ratio both side
>Risk management is more important
Disclaimer:I'm not sebi registered guy, please take your position after consulting your financial advisor.
