Reliance Industries ViewOn Daily Chart Reliance Industries is in range since Aug'21. Expected to breakout in coming days. Tgt & SL for the same is mentioned on chart.
RLI trade ideas
Support levels for the stock As of September 5, 2024, Reliance Industries' (RIL) stock has had a 1-week performance of -0.2%.
4.83%: Last month
6.77%: Past three months
1.21%: Six-month performance
25.19%: One-year performance
25.16%: Three-year performance
155.66%: Five-year performance
RIL's stock is currently trading at Rs 3048.55, which is a 0.62% increase from the previous close. Support levels for the stock are at Rs 3034.92 (S1), Rs 3027.48 (S2), and Rs 3018.92 (S3).
RELIANCE 30 min (S/R)# we mark Support and Resistance on the charts so you can check..
Support Levels: These are prices at which the asset has historically had difficulty falling below. On a 30-minute chart, support levels are identified by looking for areas where the price has repeatedly bounced back up. You can draw horizontal lines at these price points or use technical indicators like trendlines or moving averages to help identify them.
Resistance Levels: These are prices at which the asset has historically had difficulty rising above. On a 30-minute chart, resistance levels are found by identifying areas where the price has repeatedly failed to move higher. Similar to support levels, you can use horizontal lines, trendlines, or moving averages to spot these levels.
RELIANCE Levels (S/R) # we mark Support and Resistance on the charts so you can check..
In finance and trading, RELIANCE Levels (S/R) typically refer to Support and Resistance levels in the context of analyzing price movements for a particular asset or stock. These levels are critical for traders and analysts to make decisions about buying or selling.
Support Level: This is the price level at which a stock or asset tends to stop falling and may even bounce back up. It's a level where buying interest is strong enough to overcome selling pressure. Think of it as a "floor" that the price has trouble falling below.
Resistance Level: This is the price level at which a stock or asset tends to stop rising and may even drop back down. It's a level where selling interest is strong enough to overcome buying pressure. It acts as a "ceiling" that the price struggles to break through.
RELIANCE INDUSTRIES short term trading strategy For short term, technical chart indicating a break out/ breakdown. But considering positive news flows it should break out for a short term target of Rs. 3106. Keep a stoploss at Rs. 2990. RSI is also showing mildly bulling trend above 50.
Above views are only for observation and educational purpose.
Reliance has good rising pattern with consolidation at 3kReliance looks like good consolidation at 3000 round levels. It can rise to ATH soon. Immidiate target is 3300. And according to fibo extension it can reach to achieve further targets till 3640. Please follow the above targets as per the chart. It will again become weak below 3000 levels.
Keep this in mind. Options is a dangerous instrument to play. Please do not go wild on anything unless you know exactly what you doing. Even though your direction is right still you tend to loose in option buying. And market can always prove me wrong and i take that rights too. Experience traders also fail in this market. Only risk management will give you an edge. Don’t take any trades without SL. Respect the market, Ungli nahi katoge to pura hath katna padega. Beware.
DISCLAIMER: I AM NOT SEBI REGISTERED ANALYST. ALL POSTS ARE EDUCATIONAL PURPOSES.NON ADVISORY, DISCRETIONAL NO CLAIMS, RIGHTS RESERVED. I AM NOT RESPONSIBLE FOR YOUR PROFIT OR LOSS.
RELIANCE // 4 hour // Support and Resistance"Welcome to SkyTradingMod "
Hello Everyone 👋
As of the latest update, Reliance Industries Ltd is trading at ₹3,032.5. Here are some key details:
Price Change: +₹13.25 (0.44%)
Day’s Range: ₹3,013.25 - ₹3,047.75
52-Week Range: ₹2,220.30 - ₹3,217.60
Market Cap: ₹20.43 trillion
Dividend Yield: 0.33%
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Reliance Industries Ltd.- Monthly Chart Analysis ### Analysis of Reliance Industries Ltd. Monthly Chart
- **Price Movement**: The chart highlights a long-term uptrend for Reliance Industries, with the current price at ₹3,019.25. Over time, the stock has shown strong bullish momentum, as evidenced by the large upward moves.
- **Recent Uptrend**: The stock recently rallied by **₹629.40**, which is a **24.41%** increase, indicating strong buying interest. This upward breakout could potentially signal continued bullish momentum.
- **Previous Corrections**:
- There was a correction of **₹609.50** (approximately **23.74%**) in the past, but the stock recovered from it.
- Earlier, another significant drop of **₹633.90** (**23.81%**) occurred, followed by a strong recovery, indicating that the stock tends to rebound after corrections.
- **Volume Indicator**: The **Cumulative Volume Delta (CVD)** shows negative values (around **-12.28M**), suggesting that despite the price rise, there may be some selling pressure or reduced buying volume at this level.
- **Resistance and Support**: The previous corrections show the stock facing resistance at certain levels before breaking out higher. Current levels may face resistance as the stock is near recent highs, but given the upward trend, breaking through could lead to new highs.
### Key Takeaways:
- Reliance Industries Ltd. is in a strong uptrend with consistent price increases.
- The stock has seen periodic corrections but recovers quickly, showing resilience.
- The CVD suggests some caution, as volume data indicates potential resistance, though the price remains bullish overall.
Reliance Industries Ltd Short TradeThe Stock is following a Rising Wedge Pattern. RSI is following a falling wedge pattern. Indicating a clear negative Divergence. Stock could test the low of the rising wedge pattern before rising higher following a falling wedge breakout of RSI. Could be a good short trade with SL @ 3225.
Reliance (30 Aug 2024)Reliance (30 Aug 2024)
Breakout with extreme good volumes
Disclaimer- This chart is only for learning purpose. It is not for trade.
RELIANCE Levels // 15 MinReliance Industries has been following 87-period time cycles on the 15-minute chart quite effectively. Combining these time cycles with price action provides a powerful setup for understanding when to take trades. Let’s break it down:
Time Cycles: The 87-period time cycles on the 15-minute chart indicate that Reliance Industries tends to turn upward after every 87 periods, resulting in significant trending moves. This can be a valuable tool for intraday traders.
Price Action: By analyzing price patterns and candlestick techniques, traders can enhance their understanding of market dynamics. Remember that focusing solely on prices or indicators without considering time can lead to failed breakouts.
Application: While this technique works well on the 15-minute chart, you can also apply it to daily charts or higher time frames for more substantial moves.
RELIANCE Levels // 4 HOURHello Everyone 👋
Employee Stock Option Plans (ESOPs): Ahead of its anticipated initial public offering (IPO), Reliance Retail granted ESOPs worth ₹351 crore to 15 senior executives during the last financial year. The company issued 4.417 million shares at ₹796.5 per share to top-level employees, demonstrating its commitment to retaining and rewarding key leadership.
Reliance Retail, owned by Mukesh Ambani, is India’s largest retailer, serving 304 million registered customers and welcoming over 1.06 billion footfalls across its stores in the financial year 2023-24. Its diverse portfolio spans grocery, consumer electronics, fashion, lifestyle, and pharmaceuticals. Notable brands under Reliance Retail include Smart Bazaar, 7-Eleven, Fresh Signature, Freshpik, Netmeds (pharma), Tira (beauty), Reliance Digital, MyJio Store (electronics), and retail chains like Trends, Reliance Jewels, and Hamleys.
Reliance Industry - Elliot Wave SetupSpotted a Elliot wave setup in Reliance Industry on a daily chart.
Currently the Point B is being active, today's AGM has a positive effect on the share price, making a green candle.
The target price for point C has been identified with fibonacci setup which is also in a perfect state covering point 4, 5, A, B, and C
A short position can be taken movement price start moving towards point C with target of around 2836 with stop loss at 3129
We can expect a bullish movement from the point of 3129-3100
RELIANCE Levels For Intraday or swing TradingChart Overview:
Current Price: ₹6,735.851.
Recent Performance:
1 day: +0.80%
5 days: +0.48%
1 month: +0.54%
6 months: +2.42%
Year to date: +16.29%
1 year: +21.40%
5 years: +165.58%
Support and Resistance Levels:
Pivot Points:
Resistance 1 (R1): ₹6,650.37
Resistance 2 (R2): ₹6,684.38
Resistance 3 (R3): ₹6,712.77
Pivot Point: ₹6,621.98
Support 1 (S1): ₹6,587.97
Support 2 (S2): ₹6,559.58
Support 3 (S3): ₹6,525.57
Reliance Industries Ltd - Breakout OpportunityDate : 20-Aug-2024
LTP : Rs. 2,991.90
Targets: (1) Rs. 3,217 --> (2) Rs. 3,434
SL : Rs. 2,768 on daily close basis
Technical View:
• NSE:RELIANCE is in it's primary uptrend and was recently going through it's secondary downtrend.
• After touching the high of 3,217.60 on 8-Jul-2024, it has retraced 11% to 2,866.50 level.
• On 19-Aug-2024, NSE:RELIANCE has broke out from its secondary down trend with higher than average volume and closed above 20 DMA.
• On 20-Aug-2024, RSI has entered the buy zone and trading at 50.78.
• On 20-Aug-2024, MACD has crossed over it's signal line.
• Looking good to start a new swing from here.
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Disclaimer : I am not a SEBI registered analyst/consultant and not recommending anyone to take any BUY or SELL position in stock market. Investing in stock market is risky and one should do a self analysis and validation before investing in stock market. My ideas are published for learning purpose only and are available to everyone at no cost/charge.
RELIANCE INTRADAY TRADE 19TH AUG | BUY ABOVE 2970Buy Reliance tomorrow if sustains above 2970 for the targets of 3000 and 3030 until 2934 is intact on the downside.
To motivate us, Please like the idea If you agree with the analysis.
Happy Trading!
InvestPro India
Buy reliance for a target of 3050/3200Buy reliance for a target of 3050 in 5-6 trading sessions.
Can be held for a target of 3200 in in one month
Reliance_Head & Shoulder PatternWhat Is the Head and Shoulders Pattern?
A head and shoulders pattern is used in technical analysis. It is a specific chart formation that predicts a bullish-to-bearish trend reversal. The pattern appears as a baseline with three peaks, where the outside two are close in height, and the middle is highest.
The head and shoulders pattern forms when a stock's price rises to a peak and then declines back to the base of the prior up-move. Then, the price rises above the previous peak to form the "head" and then declines back to the original base. Finally, the stock price peaks again at about the level of the first peak of the formation before falling back down.
The head and shoulders pattern is considered one of the most reliable trend reversal patterns. It is one of several top patterns that signal, with varying degrees of accuracy, that an upward trend is nearing its end.
A head and shoulders pattern is a technical indicator with a chart pattern of three peaks, where the outer two are close in height, and the middle is the highest.
A head and shoulders pattern—considered one of the most reliable trend reversal patterns—is a chart formation that predicts a bullish-to-bearish trend reversal.
An inverse head and shoulders pattern predicts a bearish-to-bullish trend.
The neckline rests at the support or resistance lines, depending on the pattern direction.
look good for quick 4 to 5% return reliance can give quick 4 to 5 % in upcoming days , reason behind it trendline breackout as wll as devedend date is comming so buyres will entre in the house....
Reliance Date 11.08.2024
Reliance - For swing trade
Timeframe : Day chart
Remarks :
1 For long side, wait for price/candle to close above the mid-term trendline.
2 It is also important to see fibonacci levels. When price is above 50% or 61% & also above support trendline will be called stable bullish.
3 One can also apply 50,100 & 200 ema on day chart. And use fibonacci & ema crossover for both bullish & bearish signal to enter either side trade.
4 The mid-term support trendline will also act as resistance until n unless price is making higher highs but is closing below or trading below it.
Regards,
Ankur
Reliance - PositiveStrong support area 2880
Bouncing back from support
Risk to reward favorable
Break of Trend Line done
Ready for wave 2
Next stop probably 3050 3060
RELIANCE losing its steam from the upsideHi
as being seen from the weekly charts of RELIANCE INDUSTRIES, selling volume has increased along with bearishness seen in the indicator's part , that is to say RSI also showing divergence , with incease in the stocks price and it registering new highs, the RSI did not scale new highs.
also the RELATIVE STRENGTH wrt to NIFTY is also moving southwards.
anticipation is not rewarded in the stock markets, Reaction to actions does .
but i observed this and i guess this may now move in a range going forward with prices going down with time.
