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RELIANCE INDS GDR 144A/4 forum

Nov 6

#RELIANCE

Daily Chart
Stock is trading near good accumulation zone
• Strong support zone technically and fibonaccically Bookmark it

Nov 2

It has a strong support at 1330-1350 levels. Accumulate here for a healthy reversal.

Oct 29

#Reliance has strong support zone
in between 1250-1270
if price falls to this levels,
try to accumulate for short term reversal rally towards 1700+

Oct 29

Reliance has strong support zone in between 1250-1270

if price falls to this levels, try to accumulate for short term reversal rally towards 1700+

Oct 4

Reliance Industries Ltd. (RELIANCE) on a 1-hour timeframe, here are the key support and resistance levels:

Support Levels: ₹2,925.23, ₹2,939.76

Resistance Levels: ₹2,967.13, ₹2,977.36

Oct 1

#RELIANCE
Looking in Consolidated Phase
Strong support at 2600
Wait for Breakout
Now Hold

Sep 21

For Reliance Industries Ltd (RELIANCE) on the 1-hour time frame, here are the key levels:

Support Levels:
First Support: ₹2,921
Second Support: ₹2,900
Resistance Levels:
First Resistance: ₹2,964
Second Resistance: ₹3,000

Sep 19

Let's dive into the 3-hour candlestick chart for Reliance Industries Limited (RELIANCE), a leading Indian multinational conglomerate.

Here are some key insights based on the 3-hour chart:

Current Trend: Reliance Industries has been trading in an upward trend, with a slight pullback over the past few hours.

Resistance and Support: The stock has a strong resistance level at around ₹2,450-2,470 and support level at around ₹2,350-2,370.

Bollinger Bands: The Bollinger Bands are expanding, indicating increased volatility in the stock.

Momentum: The RSI (Relative Strength Index) is above 50, indicating that the stock is in an overbought zone.

Sep 15

To analyze the levels for Reliance Industries on a 4-hour chart, you would typically look for key support and resistance levels, trend lines, and any significant price patterns. Here’s a general approach you can take:

Identify Support and Resistance Levels: Look for historical price points where the stock has reversed direction. These can be horizontal lines where the price has bounced off multiple times.

Trend Analysis: Determine the overall trend by looking at the highs and lows. If the price is making higher highs and higher lows, it’s in an uptrend, and vice versa for a downtrend.

Moving Averages: Use moving averages (like the 50-period or 200-period) to identify the trend direction and potential support/resistance levels.

Chart Patterns: Look for any recognizable patterns such as head and shoulders, triangles, or flags that could indicate future price movements.

Volume Analysis: Check the volume at key levels to confirm the strength of a move. High volume at a breakout level can indicate a strong move.

Indicators: Consider using technical indicators like RSI, MACD, or Bollinger Bands to gain additional insights into momentum and potential reversals

Sep 14

**Current Market Conditions**

* Reliance Industries is currently trading in a bullish trend, with a series of higher highs and higher lows.
* The stock is approaching the short-term resistance level of 1,960.00.
* If the stock breaks above this level, it could potentially move towards the medium-term resistance level of 2,000.00.

**Trading Strategies**

* Buy at support: If the stock breaks below the short-term support level of 1,960.00, it could be a good opportunity to buy.
* Sell at resistance: If the stock breaks above the short-term resistance level of 1,970.00, it could be a good opportunity to sell.
* Trend following: Follow the trend by buying or selling based on whether the stock is moving upwards or downwards.
* Mean reversion: Look for opportunities to buy when the stock is oversold and sell when it is overbought.