Reliance Industries (Intraday)Reliance Industries (75 Minutes):
-Formation of SOT too!
Reliance Industries (15 Minutes):
- The price is range bound
-Price can either breakout from the zone or breakdown from the zone
-Entry levels: Buy above 1244 below SL of 1235
-Ignore in case of breakdown
The above analysis is just for educational purpose
RLI trade ideas
Reliance - Is at attractive level to Buy & Invest nowRIL now around 1200-1250 levels is very good opportunity to buy and get invested for medium to long term profits. Price is at swing support and this low level was due to Elon entry into India and groupism by MF Manager to accumulate at lower levels. RIL recent land purchase at throwaway price and its business with NVDIA & Disney are few reasons to fetch more income to RIL. RBI mood to devalue to INR is +ve for RIL. Reliance is No - 1 company for 2 decades now. Stay Invested in this counter for good Profits. use this for educational purpose and consult your Advisor or take your own decision before Investing
Reliance holding buy from 1223 ,1262 Target hit buy dipDisclaimer -
This information is only for educational purposes, this is not for any buy or sell recommendations .
On Our Harmonic pattern indicator
based trade setup take trade as explained below :-
ENTRY -
When price breaks Trailing SL (SL 30 % )retracement Which is SL points then take Entry on Buy or Sell Trade
SL -
D points Which is recent High / Low mentioned in Chart is our SL
TARGET -
Target 1- (T1 : 38.2)
Target 2- (T2 : 50 %)
Target 3- (T3 : 61.8%)
Target 4- (T4 : 78.6%)
Please note:-
It's working on news based and volitile market very well so exit if SL hit
Corrective rise in Reliance The current upmove in Reliance is corrective.
The recent low was made near the 111% level, which is considered the wave B level of Flat Correction.
The price is in wave C currently.
If anyone is interested in buying Reliance, there is a buying opportunity in the blue box. The stop loss will be below wave B.
The targets are open as:
Minimum 61.8% (the price is near this level)
Rule of equality 100%
Extended golden ratio 161.8%
This analysis is based on Elliott Wave theory and Fibonacci.
This is not buying recommendations.
Always do your research before taking any action.
For educational purposes only.
Reliance if break 1257 then uptrend if break 1200 then 1155 Disclaimer -
This information is only for educational purposes, this is not for any buy or sell recommendations .
On Our Harmonic pattern indicator
based trade setup take trade as explained below :-
ENTRY -
When price breaks Trailing SL (SL 27.2 % )retracement Which is SL points then take Entry on Buy or Sell Trade
SL -
D points Which is recent High / Low mentioned in Chart is our SL
TARGET -
Target 1- (T1 : 38.2)
Target 2- (T2 : 50 %)
Target 3- (T3 : 61.8%)
Target 4- (T4 : 78.6%)
Please note:-
It's working on news based and volitile market very well so exit if SL hit
Reliance Industries investment zone 1100-1150 Rs Hello Frds ,
Reliance looks good from current price level for long term investment.
Entry 1100-1150 Rs zone .
33% qty can buy at this price zone.
than wait , if price go below 1000 Rs then we can buy 2X qyy 800-850 zone.
target 1550-1700-1900-2150
its pure investment stock.
RELIANCE support and resistance As of December 29, 2024, Reliance Industries Limited (RELIANCE) closed at ₹1,221.05 on the National Stock Exchange (NSE), marking a 0.37% increase from the previous close.
Technical analysis indicates the following support and resistance levels:
Immediate Support: ₹1,219.03
Immediate Resistance: ₹1,229.93
Short-term Support: ₹1,217.59
Short-term Resistance: ₹1,265.37
Medium-term Support: ₹1,114
Medium-term Resistance: ₹1,390
These levels suggest that if the stock price declines, it may find support around ₹1,219, potentially preventing further decreases. Conversely, if the price rises, it may encounter resistance near ₹1,229, which could impede further gains.
Additionally, the Relative Strength Index (RSI) is at 42, indicating a neutral momentum.
Please note that stock prices are subject to market volatility. For the most current information, it's advisable to consult real-time data sources or financial advisors.
RELIANCE Levels 1 DayAs of December 28, 2024, Reliance Industries Limited (RELIANCE) closed at ₹1,221.05, reflecting a slight increase of 0.37% from the previous close.
For the upcoming trading sessions, the following support and resistance levels have been identified based on various technical analyses:
Daily Support and Resistance Levels:
Support Levels:
S1: ₹1,219.03
S2: ₹1,217.59
S3: ₹1,205.17
Resistance Levels:
R1: ₹1,229.93
R2: ₹1,232.88
R3: ₹1,237.87
These levels are derived from the previous trading day's price range and can serve as potential indicators for intraday trading strategies.
MUNAFASUTRA
Weekly Support and Resistance Levels:
Support Levels:
S1: ₹1,222.60
S2: ₹1,211.65
S3: ₹1,202.25
Resistance Levels:
R1: ₹1,232.00
R2: ₹1,242.95
R3: ₹1,252.35
These weekly levels provide a broader perspective for traders considering positions over multiple days.
Technical Indicators:
Relative Strength Index (RSI): 27 (indicating potential oversold conditions)
Moving Averages:
5-Day Average: ₹1,217.59
20-Day Average: ₹1,265.37
50-Day Average: ₹1,477.68
These indicators suggest that the stock is currently experiencing bearish momentum, with the RSI indicating potential oversold conditions.
Please note that support and resistance levels, along with technical indicators, are tools to assist in trading decisions and should be used in conjunction with other analyses and risk management strategies.
The relative strength index (RSI)The relative strength index (RSI) is a momentum indicator used in technical analysis. RSI measures the speed and magnitude of a security's recent price changes to detect overbought or oversold conditions in the price of that security.
The RSI is helpful for market participants in identifying trends. In a strong uptrend, the RSI typically stays between 40 and 90, with the 40-50 range acting as support. In a strong downtrend, the RSI ranges from 10 to 60, with the 50-60 range serving as resistance.
RELIANCE Support and Resistance As of December 26, 2024, Reliance Industries Limited (RELIANCE) closed at ₹1,268.05.
Technical analysis indicates the following support and resistance levels:
Support Levels:
S1: ₹1,250.52
S2: ₹1,227.68
S3: ₹1,215.37
Resistance Levels:
R1: ₹1,285.67
R2: ₹1,297.98
R3: ₹1,320.82
These levels suggest that if the stock price declines, it may find support between ₹1,215.37 and ₹1,250.52. Conversely, upward movements may encounter resistance between ₹1,285.67 and ₹1,320.82.
RELIANCE Support and Resistance As of today, for intraday trading in Reliance Industries (RELIANCE), here are the approximate support and resistance levels based on technical analysis:
Intraday Support Levels:
S1 (First Support): ₹1,220
S2 (Second Support): ₹1,210
S3 (Third Support): ₹1,200
Intraday Resistance Levels:
R1 (First Resistance): ₹1,230
R2 (Second Resistance): ₹1,240
R3 (Third Resistance): ₹1,250
Notes:
These levels are calculated using pivot points, Fibonacci retracements, and other common technical indicators.
Intraday traders should also consider the stock's volatility, volume, and momentum indicators for confirmation.
Always set a stop-loss to manage risk effectively.
RELIANCE Support & ResistanceAs of December 24, 2024, Reliance Industries Limited (RELIANCE) closed at ₹1,272.00, reflecting an increase of 0.79% from the previous close.
The following support and resistance levels have been identified for RELIANCE:
Support Levels:
S1: ₹1,217.98
S2: ₹1,213.22
S3: ₹1,205.43
Resistance Levels:
R1: ₹1,229.27
R2: ₹1,238.32
R3: ₹1,243.08
These levels are derived from various technical analyses, including pivot point calculations and moving averages.
Please note that support and resistance levels are dynamic and can change based on market conditions.
It's advisable to consult real-time data and consider multiple technical indicators before making any trading decisions.
The Four Seasons of the Market: How to Thrive in Each PhaseGreetings to all. I trust that you are all thriving in both your personal lives and trading endeavors. Today, I present educational content aimed at understanding the concepts of Phases of the Market.
The stock market typically goes through four key phases, often referred to as the market cycle. These phases are influenced by investor sentiment, economic conditions, and market trends. Here’s a breakdown of the phases:
1. Accumulation Phase:
What Happens: This phase begins after the market has bottomed out following a downturn or bear market. Prices stabilize as smart money (institutional investors) and value-driven investors start buying undervalued stocks.
Investor Sentiment: Generally pessimistic, as many investors remain cautious or bearish.
Characteristics: Low trading volumes, Minimal price volatility, Attractive valuations.
2. Markup Phase:
What Happens: The market gains momentum, and prices start trending upward. Economic conditions improve, and optimism returns.
Investor Sentiment: Increasingly optimistic, attracting more participants.
Characteristics: Higher trading volumes, Rising prices across sectors, Media coverage and public interest grow.
3. Distribution Phase:
What Happens: After a significant rise in prices, the market reaches a peak. Investors who bought during the earlier phases start taking profits.
Investor Sentiment: Mixed, with greed dominating but some caution emerging.
Characteristics: Increased volatility, Higher selling pressure from large investors, Euphoric media coverage.
4. Decline Phase (or Markdown Phase):
What Happens: Prices start falling as selling intensifies. Fear and panic can lead to sharp declines.
Investor Sentiment: Fearful and pessimistic.
Characteristics: Heavy selling volumes, Falling prices, Negative economic news and reduced public interest.
These phases repeat cyclically, influenced by economic conditions, corporate earnings, monetary policy, and global events. Recognizing where the market is in this cycle can help investors make informed decisions.
I hope that you all would find this educational material valuable and engaging. If you appreciate this type of content, I encourage you to show your support by liking this post and following me for more educational insights in the future.
Reliance Industries Ltd view for Intraday 22th Dec #RELIANCE
Reliance Industries Ltd view for Intraday 22th Dec #RELIANCE
Resistance 1270 Watching above 1273 for upside movement...
Support area 1240 Below 1255 ignoring upside momentum for intraday
Support 1240 Watching below 1238 or downside movement...
Resistance area 1270
Above 1255 ignoring downside move for intraday
Charts for Educational purposes only.
Please follow strict stop loss and risk reward if you follow the level.
Thanks,
"BE GREEDY WHEN OTHERS ARE FEARFUL.” Subject :
During this period, I view the market downturn as an opportunity to acquire quality stocks at lower valuations for long-term investment. As mentioned above, I am particularly interested in key levels for potential entry points. I wanted to share these insights with all of you, hoping you find them helpful. Thank you, everyone!🙏🏻
The recent downturn in both Indian and global stock markets can be attributed to several
key factors:
1. Monetary Policy Shifts: The U.S. Federal Reserve's recent decision to reduce the number of projected interest rate cuts for 2025 has heightened investor concerns.
2. Rising Treasury Yields: A significant selloff in long-dated U.S. government debt has pushed 10- and 30-year Treasury yields to their highest levels in nearly seven months. This trend poses a threat to stock valuations, as higher yields make risk-free government debt more attractive compared to equities.
3. Geopolitical Concerns: The potential return of Donald Trump to the U.S. presidency and his proposed economic policies, have raised fears of increased inflation and global trade tensions. These uncertainties contribute to market instability.
* Escalating conflicts in regions such as the Middle East have increased market volatility and investor uncertainty.
4. Foreign Investor Behavior: In India, heavy selling by foreign institutional investors has exerted downward pressure on markets. This trend is influenced by global monetary policies and a reduced appetite for risk amid prevailing uncertainties.
5. Sector-Specific Declines: Sectors such as financials and information technology have experienced notable losses, further dragging down market indices.
These combined factors have led to a bearish trend in both Indian and international stock markets in recent weeks.
About Reliance industries limited 📉:
1. Weak Performance in the Oil-to-Chemicals (O2C) Segment: RIL's O2C business, a significant revenue contributor, has faced challenges due to shrinking margins amid global oversupply. In the second quarter of FY25, the company reported a 5% decline in net profit, largely attributed to poor performance in its oil refining and petrochemical business. This segment was significantly impacted by cheap Russian crude oil flooding the market, pushing product margins lower.
2. Delays in IPOs of Jio and Retail.
3. Slowing Growth in the Retail Business: RIL's retail division has encountered slower growth, influenced by factors such as rising real estate costs and increased.
4. Broader Market Trends and Investor Behavior.
#valueinvesting. #indianstockmarket. #Reliance