Reliance Stock Short termReliance Stock Short term:
1300-1325 is major support for Reliance.
Buy Level is 1320-1340, SL is 1295 and Targets are 1380/1425/1440.
RLI trade ideas
Is it in greater correction or accommulation is taking place...!Hey Gys,
See the chart pattern and the counts mention over the chart....what do you feel is reliance is in a greater downside or it has done its correction...a channel is being formed if crossed it will resume its upward journey in my view.
Happy diwali.
RELIANCE: for next 5-10 yearsLTP: 1338
Support: 200
As per my analysis, Reliance is in BIG correction and expecting BIG rally in the coming years.
Best Buy levels:
Around 1370, 1025, 877.
Reversal from any of these levels, first target 3170.
Targets by levels:
3170
3660-4300
5000
5400-6555
7300
9000-10200
12000-14000
19500
Stock in Support Zone: Reliance Industries Reliance Industries is trading near the strong support zone of 2606 and 2650.
2606 level had been the strong resistance zone in July 2023.
However, it was broken in Jan 2024.
Reliance attained the peak level of 3206 in July 2024.
However, the volume level did not justify the price levels.
The stock is experiencing selling pressure.
If the current levels are held in the weekly closing, we can expect consolidation followed by an upmove.
However, volume confirmation has to be ensured before fresh entry.
Verdict: HOLD tightly if you have already entered and AVERAGE if the current levels are intact on weekly closing
RELIANCE BULLISH????!!!We are ready for equity bull run for long term set back and boom 10% in coming month invest as you want as much you want
#Tradeewithuss!
Reliance is at a strong reversal zoneRelianceCMP 2677
Elliott- the ABC correction is a zig zag. The C wave is always the sharpest and in my view it is complete.
Fib- its at 38.2% Fib retracement of its recent swing lows. This means strength.
Trendline- support at the fib support is telling me this correction is over.
Oscillators- now we need reversal signals from the oscillators for confirmation.
Conclusion - though we still dont have a reversal signal in my view this is a high prob reversal zone.
RELIANCE BUY SETUP This is the buy setup for Reliance....I can see a big divergence in the Rsi and sitting on a big demanding zone so multiple confluences to support this buy setup.
May take support near 2600-2640Reliance Industries Share Price Analysis
Current Market Context: As Reliance Industries Limited (RIL) approaches the price range of ₹2640-₹2600, it finds itself at a critical support level. This range has historically been significant for the stock, and market participants are closely monitoring price action for potential trading opportunities.
Support Analysis:
Historical Significance: The ₹2640-₹2600 range has acted as a strong support zone in previous trading sessions. This level represents an area where buying interest has consistently emerged, allowing the stock to rebound and move higher.
Volume Indicators: Increased trading volume around this support level could signal strong buyer interest, reinforcing the potential for a bounce back. Traders should watch for spikes in volume as the stock approaches this range, which could indicate accumulation by investors.
Technical Indicators: Key technical indicators, such as the Relative Strength Index (RSI) and moving averages, can provide additional insights. If the RSI approaches the oversold territory while the stock hovers near support, it may suggest that the stock is poised for a reversal.
Potential Scenarios:
Bullish Reversal: If Reliance shares hold above the ₹2640-₹2600 support level, it may attract buyers, leading to a potential upward movement. A break above recent resistance levels could pave the way for further gains.
Bearish Breakout: Conversely, if the stock fails to maintain support and breaks below ₹2600, it may signal a bearish trend, prompting traders to reevaluate their positions. This could lead to increased selling pressure and further downside.
Conclusion: Investors should keep a close eye on the ₹2640-₹2600 support level for Reliance Industries shares. Monitoring market sentiment, trading volume, and technical indicators will be crucial in determining the next steps. A solid bounce from this support could present a buying opportunity, while a decisive break below may warrant caution. As always, consider risk management strategies and conduct thorough research before making investment decisions.
View2736.85 is the level . If 30 min candle closes above this level , you can go long in Reliance. Target would be those 2 green lines above this price level 2787 (at least 40 points) . Best would be to buy futures. You can also take a delivery swing trade for 1 week. SL would be, if price of premium reaches 50% above the value of premium of ATM PE option when trade is activated in October expiry.
Reliance in confluence of demand zones- Long OpportunityReliance is currently sitting in the weekly and daily demand zones, providing strong support.
weekly zone
Daily zone:
However, the price has yet to reach the 4-hour and 2-hour demand zones, which are located near the bottom of the weekly and daily zones, adding further strength to this area.
For an ideal long entry, wait for the price to touch the 4-hour and 2-hour demand zones, as this will reinforce the potential reversal. Once these zones are tested, a breakout above the key trendline could signal a bullish move. Monitor the trendline breakout as confirmation to take a long position.
Low risk buying in RELIANCEA low-risk high probability buying setup is forming in RELIANCE.
Price is taking support at the cluster of 38.2% retracement, 100% extension of Flat correction, and trendline in red.
If the price enters and sustains in the blue channel, showing bullish pressure, it will provide a good buying opportunity with a stop loss below the recent low.
RELIANCE Trading Within Demand Zone of ₹2728.30-₹2670.40RELIANCE stock is currently trading at ₹2728.15, positioned within the demand zone of ₹2728.30-₹2670.40. This zone has been tested previously, indicating strong buyer interest in this range. Investors may look for potential bullish movements as the stock consolidates within this key area.
Unlocking the Potential of Reliance Industries: A Technical PersObservations from the Chart:
* Upward Trend: The overall trend of the stock is clearly bullish. The price has been making higher highs and higher lows, indicating a strong uptrend. The 50-day and 200-day moving averages are sloping upwards, further confirming the bullish trend.
* Recent Consolidation: The stock has been consolidating recently, forming a sideways channel. This consolidation phase can be seen as a period of rest before the next upward move.
* Support and Resistance: The support level for the stock is around the 2,600-2,700 range. The resistance level is currently around the 2,800-2,900 range.
Technical Analysis:
* Moving Averages: The 50-day and 200-day moving averages are both above the stock price, indicating a bullish trend. A golden cross (50-day MA crossing above the 200-day MA) would further strengthen the bullish outlook.
* Relative Strength Index (RSI): The RSI is currently at 50, indicating a neutral sentiment. A reading above 70 would suggest overbought conditions, while a reading below 30 would suggest oversold conditions.
* Bollinger Bands: The Bollinger Bands are contracting, indicating a period of low volatility. This can be a precursor to a breakout in either direction.
Trade Ideas:
1. Buy on Dip: If the stock price dips towards the support level around 2,600-2,700, it would be a good buying opportunity. The stop-loss can be placed below the recent low. The profit target can be set at the resistance level around 2,800-2,900.
2. Breakout Trade: If the stock breaks above the resistance level around 2,800-2,900, it could signal the start of a new uptrend. The stop-loss can be placed below the breakout level. The profit target can be set at a higher resistance level or a Fibonacci extension level.
Overall Outlook:
The technical analysis suggests that the stock is in a strong uptrend. The recent consolidation phase can be seen as a healthy pause before the next upward move. Traders should monitor the support and resistance levels closely and look for buying opportunities on dips or breakouts.
Important Considerations:
* This analysis is based on the current price chart and market conditions. Market conditions can change rapidly, and it's important to stay updated with the latest news and developments.
* Technical analysis is not foolproof. It's important to use it in conjunction with other forms of analysis, such as fundamental analysis.
* Risk management is crucial. Always use stop-loss orders to limit potential losses.
I hope this analysis provides a comprehensive understanding of Reliance Industries' price chart. Remember to do your own research and consult with a financial advisor before making any investment decisions.
RELIANCE
The stock has not performed this calendar year of 2024..
Price is currently coming close to its Key Support zone between 2600-2500.
The Weekly RSI is also testing its Oversold zone.
Stock likely to be a value buy near this support zone.
A break of 2500 could result in further correction to 2100-2000.
Reliance below 200dma Stay cautiousElon musk launched many satellites , if star link gets successful can be desruptive to telecom and internet services ,indian government may support indian companies because they do not want other players to come in however they support indian big players but still we can see amazon in indian market despite challenges faced, MI phones in indian markets ,
we know what happened to fmnl when amazon was into retail , and we another side who opposed amazon
but amazon is also a gaint
so clash of gaints guys
but government cannot ban outside companies because we are not china we have fair ground little bit advantage to big players
we can see what happened to micro max , when mi came
manufacturing in india is not always there on their own because we lack innovation most of the time
we can see almost every big company tie ups with another foregin company to set up plants etc
so if starlink we get connection directly from satellites can it be stopped from reaching people?
just like what happened to idea?
and we know how much politicians oppose they all eventually get sold
even one State in india they enter with free wifi and calling etc
Is this the reason for fall in reliance?
Lic kept 1 lakh Crore to Buy if fiis sell till now fiis sold for 75,000 cr and retailers sip they say it is 24,000 cr last month
and most of retailer sip comes from atal pension ,
life insurances etc
so if telecom gets disruptive Idea itself is posting minus -30,000 cr per year
till now more than -180,000 cr
so is inflation going to rise or more taxes in india to cover this?
or govt removed band width purchase because idea no longer can afford it?
Disclaimer - not an investment idea or call just my view and opinion trade at your own risk
Bearish trend starts in RelianceThe bullish crab pattern failed due to the poor Q2 results. Now, neckline breakout seen in weekly timeframe. Let's wait for the three more trading session to confirm the breakout. This is for educational purposes only.
Reliance Industries: Key Support Zones for ReversalI daily make educational content videos for swing / positional trading
Reliance Industries: Opportunity in a Demand Zone ConfluenceReliance Industries Limited (RIL), one of India’s largest conglomerates, has recently experienced a drop in its share price. In the second quarter of FY25, the company reported a 5% decline in consolidated net profit, down to Rs 16,563 crore. While this has weighed on the stock price, it also presents a buying opportunity for traders.
Chart Analysis: A Confluence of Demand Zones
Let’s take a closer look at the technical picture. If you analyze the weekly chart of Reliance Industries, you’ll notice that the stock is currently trading in a demand zone . This zone is an area on the chart where there is strong buying interest, and it could potentially support the price, leading to a bounce.
What makes this setup more attractive is that the stock is also sitting in a daily demand zone , creating a confluence between the two timeframes. Confluences like this increase the probability of a successful trade since multiple factors align in the same direction.
Entry 1: Reversal Candlestick Pattern at the First Demand Zone
The first potential entry point for a trade comes from the RBR (Rally-Base-Rally) zone , which is the current demand zone on the weekly chart. If you observe a reversal candlestick pattern , this could signal the start of a move higher.
Wait for a confirmation of the reversal pattern before entering the trade. This pattern could serve as a signal that the market is ready to rally from the current demand zone. Let’s call this Entry 1 .
Entry 2: The Second Demand Zone - A Stronger Opportunity
If the price continues to drop, there’s a second RBR demand zone below the current one, and this could provide an even better buying opportunity. What makes this zone particularly strong is that it coincides with a previous resistance level, which could now act as support again .
This is known as the Act of Polarity , where old resistance becomes new support & this is also confluence. Entry 2 is compelling because the stock had previously been in a tight consolidation, and this demand zone formed as the price broke out of that consolidation. Now, as the price approaches this zone again, it’s a high-probability area for a bounce.
For Entry 2, you can place a stop-loss just below the demand zone, allowing a small buffer. This will protect your trade if the price falls further. Your first target could be the daily supply zone around 2928.
Despite recent setbacks, Reliance remains one of the strongest companies in India, with diversified business interests across sectors like telecom, retail, and energy. The current pullback is more of a short-term correction rather than a sign of fundamental weakness.
The confluence of demand zones on the weekly and daily charts offers traders a high-probability setup in Reliance Industries. While waiting for a reversal candlestick pattern at the first demand zone is a more conservative approach, the second demand zone presents a stronger opportunity due to confluence of its location at a previous resistance level, which now acts as support. Proper risk management with a stop-loss below the second demand zone ensures that traders are protected if the price drops further.
Lastly, thank you for your support, your likes & comments.
Disclaimer: This analysis is purely for educational purposes and is not intended as a trading or investment recommendation. I am not a SEBI registered analyst.
Reliance IndustriesCreate a GTT Order for Reliance Industries @2630... Very good opportunities for making a long position.
Reliance at 10 months before price - Will sustain ?Reliance price is at last 10 month's earlier price. 10 months return is nil :-). Will this bounce from current level. Below this price will drag the Nifty to the expected level of 21k. If Reliance itself can't sustain, better to offload the other stocks at current level. Have seen Tata steel, Tata motors and few major stocks fell.
Above is for educational purpose only. Take call as per your own information and decision
RELIANCE IND BONUS ISSUE ??? SQUARING MAR 2023 LOW GANN ANGLES..Reliance Industries Gann Angles 1x1 rising and falling... and 1x2 rising angles marked on chart.We broke the 1x2 Gann Angle on 15 July at 3094. Took support on 1x2 gann angle on 05 Aug 2024 at 2906. Actual low was 2866.50. Resistance on 1x1 Gann Angle was 3081 on 26 Aug 2024. actual high made is 3079.45. We broke that angle and took support on 1x2 Gann Angle at 2948 on 16 Sep 2024 important Time coordinate on chart. The Gann Angle was breached for 2 weeks with actual low at 2891.45 on 09 Sep 2024. resistance taken on 23 sep 2024 at 1x1 Gann Angle at 3051. Actual high was 3066.95. Breached the 1x2 Gann Angle at 2855 and also breached the 1x1 2751 in next 2 weeks. A sharp fall after 16 Sep 2024 Time coordinate. Current Weekly Time and Price shows important level of 2766.50.
Happy Trading !!!
Reliance Industries Stock Chart Analysis Reliance Industries Stock Analysis: Key Support and Resistance Levels
"Reliance Industries stock is currently positioned between key support and resistance levels. The support level represents a price point where buying interest may strengthen, potentially preventing further decline. On the upside, the resistance level indicates where selling pressure could increase, limiting upward momentum. If the stock holds above support, it may signal a bullish move, while a break below could suggest further downside. Monitoring these levels is crucial for making informed trading decisions."
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Reliance SL 1Hr candle close only, Target Trigger Price
All detail for chat. good entry at mark price only. and must stoploss minimum risk and good profit. risk ratio 1:1 to manage modified SL. This is not call, Just my idea. Please understand your risk and take full responsibility of your actions
