#Reliance cash : Looks good above 2370.10#Reliance cash -Positional
16.04.2023
Looks good above 2370.10
Stoploss 2340
Target 2416-2420/2480
Cmp 2355.50
RLI trade ideas
Reliance weekly chart saying somethingOn the weekly time frame then stock is making hanging man pattern from last 2 weeks which is a negative sign of price action.
I am looking for correcting in the script till 2051 that will be value buying zone.
Closing above 2400 on weekly basis will open up more up side target.
RELIANCE can be good for income option strategiesReliance: the heavyweight counter is trading in a tight range
with support can be seen at 2250 areas while hurdles at 280-2410 zones
the counter need to surpass this range for any effective trade
however good for option strategies like IRON FLY, IRON CONDOR, STRADDLE SHORT with a hedge, and calender strategy as well
RELIANCE is looking good to meNSE:RELIANCE is taking some resistance at 2350 levels. If this levels is taken up then upside would be quick and at least 50 points gain can be seen. 2290 should work as support now.
Reliance Stock Analysis(Short term Swing)Reliance Stock Analysis(Short term Swing)
Reliance Stock created a Double Bottom near 2180 in Daily/Hourly Timeframes.
Good opportunity to build a long near 2210-2220 for the Targets of 2290/2315/2365.
Stop Loss is 2180. Above 2290, XABCD Activates and the move of stock will be fast.
RELIANCE SHARE PRICE ACTIONReliance target is the 2700 level, that level touch in the week of a time
RELIANCE BUY ( Positional Trade Idea )Name- RELIANCE
Trading Style- Positional
Strategy- Trendline Breakout + Daily Closing
Timeframe- Daily Chart
Buy Above Breakout Candle High
Stoploss Below Breakout Candle Low
Target Should be 1:2
Note: All the details are provided on the chart itself
Check updates regularly regarding this trade idea
Reliance 2300 area Crucial Reliance 2300 area crucial , now at 2330 there is falling trend line resistance at current level, any dip to 2300 level and holds with positive price action look for buy option to target of next resistance which is 2400 area stop loss 2280 .Gaps up dont chase we re analyse at higher levels at 2400 area .Below 2300 sustains we can short to targets time 2250 to 2200.
#POSITIONAL STOCKReliance looks positive on the chart. on the daily framework, it has made a W pattern and it has base/support at level 2300. if it maintains and crosses the upper trend line highlighted in red color, then we can see a good move and we can expect a 2400+ level in the coming weeks/months.
Please do your own study before any trade, This is just my view and it can be wrong at any point of time.
Reliance intraday 15minReliance look bearish short below 2325
Target 2255
Sl 2370
Based on technical analysis ( harmonic, price action, volume profile, Elliott wave)
Reliance and patternPublishing herewith my idea about reliance using multiple time frame
will add some more graphics in comment section
Reliance case studyDemand zone as per previous swing high and low
Support as per ascending trend line
Descending parallel channel support
Confluence of all support zone at same point.
Reliance Deep Crab HarmonicReliance is forming deep cra harmonic pattern near 2180-2190 zone.. can go long after a bullish candle.. Targets 2280 2335
Stop loss 2160 2140
Reliance buy CMP 2248 Target 2300-2335- 2380- 2400- 2430-2480+Reliance buy CMP 2248
Target 2300-2335- 2380- 2400- 2430-2480+
BUY RELIANCE | RISK REWARD LOOKS GOODReliance is trading near it's support zone and expecting a bounce from this zone towards marked target on the chart.
To motivate us, Please like the idea If you agree with the analysis.
Happy Trading!
InvestPro India Team
RELIANCE DOUBLE BOTTOM BREAKOUTRELIANCE breaking out from double bottom
good volume breaking 20ema
target can be 2450
educational idea only
reliance wave analysis for long this stock get some retracement and get boost
if it is happened parallelly nifty 50 also move in same manner
S O , Traders you can login two options at a time for long
look at this idea.
RelianceGartley Harmonic Pattern has activated in Reliance in 2H timeframe.
Potential Reversal Zone according to the said structure appears in the zone of 2366-90.
Let's see.
Reliance breaking out of W patternReliance has created W pattern, can it reach to previous resistance of 2422?
Fingers crossed.
This is my analysis. Do your own. This is not recommendation.
RELIANCE - CHANCE OF GETTING REVERSE AT 2350-2360 LEVELHI,
Reliance is moving on 'c' wave as per wave analyasis. Presently it is showing that the 4th minor wave of the ''C' wave is in progress which would reach at 2360 where it may find a resistance and from there it may come down to start a final wave i.e. 5th minor wave of the 'C' wave. If that happens it may go below 2060 to start a new bull cycle if it doesn't go into double correction. That levels we can check once it finishes it's 5th minor wave of the 'C' wave.
Is it end of complexity?Reliance has under gone complex correction after
it had a spectacular rise in five wave which was terminated in october 21(2751)
after that though this high was crossed in april 2022(2856)
and nov 2022(2755) ,in both the occasion the break out could not sustain.
in nov 2022 x wave was terminated at the start of wave a as shown in the chart,
and now recently y wave was terminated at the end of wave a.
it appears its correction has ended,it is observed y wave has desired fibonnacci projection
of x wave(not shown in the chart).
The recent rally seems to be impulsive in lower time frame.
we have to watch as it appears its correction is over.
first we should look for break out of the channel to prove its impulsiveness.
just ignore 1 and 2 letters written in white that is for my convinience,
we should here look for a impulsive move being developed which should be confirmed
by the break out of the channel.
Reliance- SwingLook at the reversal candle stick pattern formed in Reliance. With nifty and Banknifty shiport term Trend changed looking to long Reliance. With Target of 2460 with April series.
