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
RLI trade ideas
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
______________________
best stocks to buy today
best stocks to buy now
best stocks to buy
best stocks for Intraday tomorrow
best stocks for long term investment
best stocks to buy today india
best stocks for swing trading
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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.
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.
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 .!!
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.