RLI trade ideas
Reliance - Positive Divergence Reliance is showing positive RSI divergence in Hourly timeframe… which indicates a possible reversal…
reliencegartley harmonic pattern with gap up
entry 2482 for tg of 2530-2606-2755
small closing sl is 2444
Reliance weekly cmp 2420. Weekly channel support + reversal on daily charts.
Buy for targets 2460-2490-2530-2600 ++
Broader view targets 2900-3000
SL closing below 2300
*Its a view, trade accordingly
*Trail your profits always
Reliance Weekly Time Frame Analysis Current Trend:
1) moving in uptrend parallel channel and at bottom of parallel channel
2) MACD --in negative territory with bearish momentum
3) at 0.786 level of support(2311.00-2856.15) [ No candle confirmation yet)
Target to be watch:
Support :
once this level is broken(2369) we can except Reliance turned bearish (Parallel channel breakout and wave A
level is broken)
Resistance:
First level of Resistance @ 2720 level .
REL TOMM 23/1/2022 2425 -2460 No Trading Zone
2460 Break Go with Long
2425 Break Go with Short.
Making Head & Shoulder
Reliance weekly analysisThe stock is trading within a bullish channel and current price is trading near lower support zone.
A bounce from current level is expected.
intradaywait for the entry . important zones are marked
follow risk management and control your emotions
ReliancePrice is at the support zone 2420 - 2440. Expecting the price to move within the range 2400 - 2500 for few days before it gains strength to break the zone. Buy above 2460 with the stop loss of 2430 for the targets 2490, 2520 and 2560. Sell below 2400 with the stop loss of 2430 for the targets 2360, 2330 and 2300. I will take entry after understanding the trend direction.
RELIANCE is in crucial levelReliance is in crucial support level in weekly chart .
it can be go upside and gives some gud gain or can be break support level and saw a drastic fall.
we can take a call as level mentioned.
SL is below the trendline on weekly closing basis or 2300 levels.
here is no buying or selling recommendation only share educational purpose.
Mota bhai on trenline supportReliance is trading near supportive trendline level. I'm expecting a 10-15% bounce from the trenline.
RelianceAfter making high in May 2022, reliance has been making lower high and following parallel channel since then.
already its below median and future not looking good.
Reliance... Weekly chart, bullish viewIt's my personal view.
This is for educational purpose Only.
This is not buying or selling recommendations.
I am not sebi registered.
Please consult your financial advisor before taking any trade.
Thankyou.
Short term Reliance level longbuy place reliance 2466-2461 with sl of daily candle close of 2430 for target of 2550. cmp - 2477
Reliance ready for the Next BIG UPMOVE ?Reliance is trading at a long-term channel support & has done a 78% Retracement of the recent trend.
Looks good to accumulate for long term until 2300 is not broken.
This time it can target for another ATH.
For short-term trading, 2400 is the area that should not be broken. Till above it, A good LONG Candidate.
Reliance IndBUY Reliance Ind from level 2471.. it will go upside..
Stop Loss 2440..
KEEP ENJOY Trading Trades....
RelianceBuy 2475
Exit 2430
Target As per Fibo
Strong hammer formation at bottom with stochastic support.
RELIANCE 1DHammer Candle on Supply.
Entry, Stoploss & Target already mentioned on Charts.
Wish you Happy & safe Trading.
Please Note:
I am not SEBI registered analyst.
My studies are for educational purpose only.
Please consult your financial advisor before Trading or Investing.
I'm not responsible for any kinds of your Profits & Losses.
Reliance Pin bar in day chartReliance Pin bar found in Day chart.
If price closes above todays high, then we can go for long.
