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Reliance Industries Ltd Sponsored GDR 144AReliance Industries Ltd Sponsored GDR 144AReliance Industries Ltd Sponsored GDR 144A

Reliance Industries Ltd Sponsored GDR 144A

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RLI trade ideas

ReliancePrice faced resistance at 3050 zone and it is falling from it. Now it has reached the support zone. Buy above 3022 with the stop loss of 3006 for the targets 3040, 3058 and 3074. Sell below 2984 with the stop loss of 2998 for the targets 2970, 2952 and 2936. Check the live market updates. Hit the like button to Rock !! Show some energy !! Note : This is my pre market analysis and my trading journal. Not a suggestion to buy or sell. You are responsible for whatever you do.
NSE:RELIANCE
by vanathi
Reliance Industries LtdSupport Level: ₹2,716 This is a critical support level, as indicated by the orange line on the chart. The stock price is approaching this level, which could provide a buying opportunity if the price rebounds. Resistance Level: ₹3,212 The upper boundary of the rising channel acts as a resistance level. A breakout above this level could signal further bullish momentum. Stop-Loss: ₹2,708 A stop-loss slightly below the support level helps protect against further downside if the support fails. This level minimizes losses while allowing for potential upside gains. Target 1: ₹3,000 - Psychological Level Set the first target at ₹3,000, a psychological round number where traders might take profits. It offers a conservative approach given the current pullback. Target 2: ₹3,212 - Upper Channel Boundary The second target at ₹3,212 aligns with the upper boundary of the channel, representing a potential reversal or continuation point. Technical Insight: Testing Channel Support Buying Opportunity.
NSE:RELIANCELong
by Priyanshu_dayal
Reliance 1 hour Levels for swing Traders #Option's Certainly! Here are the intraday trading levels for the Reliance : Intraday Trading Levels: For intraday trading in Reliance, consider the following levels: Support & Resistance Trend Lines from Daily Chart: These trend lines provide important support and resistance levels. Previous Day High (PDH) and Previous Day Low (PDL): These levels act as support and resistance during live market hours. Remember that trading involves risks, and it’s essential to have a well-defined strategy and risk management plan. NOTE #This channel Purpose to share market ideas. Thanks for Watching🙏
NSE:RELIANCELong
by Optionclub
Reliance Industries Approaching Key Demand ZoneReliance Industries ( NSE:RELIANCE ) is approaching a significant daily demand zone. This demand zone is noteworthy due to its historical impact: following its formation, Reliance has broken through previous resistance levels and reached an all-time high. Key Observations: Strong Demand Zone: The current demand zone has demonstrated substantial strength in the past. Its formation preceded a major breakout to new all-time highs, highlighting its robustness. Breakout Confirmation: After this demand zone formed, Reliance surpassed its previous resistance levels, underscoring the demand zone’s significance in driving the upward momentum. Opportunity: Given the strength of this demand zone, the current price level presents a potential high-reward trading opportunity. Entering trades at this demand zone could offer an advantageous risk-reward ratio. Disclaimer: This analysis is for informational purposes only and does not constitute trading advice. Always conduct your own research and consult with a financial advisor before making investment decisions.
NSE:RELIANCELong
by AfnanTAjuddin
RELIANCE BULLISH TGT 3080-3170-3250 SL 2880 Reliance Industries Ltd. is an interesting chart with following 1. RSI on D/W/M above 60 2. ABCD Pattern under formation on weekly chart 3. Price crossed above 20 Week SMA during the week Can be a Good risk reward with buy on dips and dips as major support exist at 2870-2880 zone being daily and weekly 20 SMA support Lets see how it evolves Disclaimer: NOT A BUY / SELL RECOMMENDATION I am not an expert I just share interesting charts here for educational purpose and not to be taken as buy/sell recommendation. Please seek expert opinion before investing and trading as trading/ investing in market is subject to market risks. I do not hold any position in the stock as on date but I may look to buy on dips with my own Risk Reward matrix.
NSE:RELIANCELong
by purisonshuf
2
RELIANCE - Breakout Retest??With crude prices falling and RIL getting a waiver to buy Venezuelan crude..the margins should improve going ahead. The price has done a breakout retest of its recent short term breakout and closed right at the neckline.. If the stock can bounce from here...then there is a short term trade here.. Long above 3025 with stoploss below 2950 or ideally below 2875. The stock could retest its old highs of 3200 and a break above that could also be good for the markets in general. On the way up there is a results gap-down that needs filling.
NSE:RELIANCELong
by rdkriplani
1
Reliance : Mota Bhai may be coming into action Reliance on weekly charts have made a very good price action, with a morning star formation on weekly charts and demand & supply confluence zone. Also the pattern has formed at an important support trendline which has historically in past acted as resistance before Covid, after that once it broke out of it, this trendline has acted as support in past few times. Reliance may provide a thrust to Nifty (what I also believe that it is getting ready to fly) ; what it has been missing since last 10 weeks after making a ATH in Dec 2022.
NSE:RELIANCELong
by aktradelearning