Reliance 15 min time frame AnalysisReliance 15 min time frame Analysis for 12th July 2024 NSE:RELIANCE
stock makes Ascending Rising Wedge
RLI trade ideas
RELIANCE - Sitting at Crucial levels!Overview & Observation:
1. Price is sustaining around the upper channel.
2. RR not favourable
3. If the price holds around current levels, a long position can be planned.
4. Wait for confirmation of a healthy breakout and candle formation.
W TF:
Trade Plan:
Entry Point: Post-breakout confirmation around 3000.
Stop Loss: 7-8%
Target: 10-12%
- Stay tuned for further insights, updates and trade safely!
- If you liked the analysis, don't forget to leave a comment and boost the post. Happy trading!
Disclaimer: This is NOT a buy/sell recommendation. This post is meant for learning purposes only. Please, do your due diligence before investing.
Thanks & Regards,
Anubrata Ray
Stock Near Breakout Relince Ind. Relince Inds Confirm Targets for 2024
Stock made resistance near 3000 / 3030 , If Break then Relince ind has Huge Targets for this Year . Short term Targets are as Given Below .
First Target - 3300
Second Target - 3500
Remark - Wait for Breakout and confirmation
Short Term Trading Opportunity in Reliance Ind or >7% upsideHi,
NSE:RELIANCE has given a Bullish Flag Breakout on Daily charts with very good volume.
MACD is also on the bullish side on Daily and Monthly time frames. RSI is also on the bullish side on daily, weekly and monthly time frames.
In the current market scenario, I am expecting that the bullish momentum will continue.
Complete price projection like entry, stop loss and targets mentioned on the charts for educational purpose.
Don't Forget to Follow me to get all the updates.
Please share your feedback or any queries on the study.
Disclaimer: Please consult your financial advisor before making any investment decision.
RELIANCE KI KACHUE KI CHAALReliance is in a Strong Bullish zone ,
As we can see after the friday breakout the Range & size of the Candle is getting smaller & momentum is decreasing by Time.
Possibly a Correction could appear & divergence move on RSI compared to Previous high.
Not Planning to Trade Aggressively Just wait & watch.
Closses around interesting level. 3200 is the major Resistance area according to Option chain.
JUST WAIT & WATCH
HAPPY TRADING
PRINCE
Reliance ---3200 in sight?Reliance seem to be giving H&S pattern breakout with 200 point move. If it crosses 3050 then 3200 is very much possible in reliance.
Sl is below todays candle.
VIEW ON RELIANCEGood chart
Stock in blue sky zone
Also buy at lower levels
Target 3290/3400
Stop loss 3155
I am just representing my views
For educational purpose only.
Reliance brakoutReliance just broken from weekly consolidation it has very long consolidation from 2021
#RELIANCE #NSE - BASE BREAKOUTRELIANCE INDUSTRIES LTD.
Base breakout in daily time frame.
Pullback to 10EMA and reversal.
Close crossing 52 week high, 2 year high.
Close within 52 week zone.
Outperforming benchmark index.
RIL 20% Upside possible in next 6-8 MonthsRIL is seen breaking from Weekly Consolidation. Sustaining above 3000 will open space of higher Targets of 3300 followed by 3600.
Weekly Flag Pattern observed.
LTP - 3028
Target - 3600+
SL - 2880
Timeframe - 6-8 Months
Happy Investing
Reliance - Pennant Breakout and ATH breakout !!!!Reliance has given a Pennant Breakout with volumes. We can see price moving towards 3800+. Other factors:
1. RSI is above 6o on weekly basis
2. MACD is becoming +ive on higher time frame
3. ATH breakout
4. Volumes is steady
"Clean Charts, Easy Charts"
Learning & Earning !!!
Cheers!!
Reliance Ind long Term ChartReliance Ind long Term Chart as per Fibonacci
recent breakout and at lifetime high
Reliance right opportunity for Swing Trade.Huge potential is there.
For short term investment ;
Leave a " Like If you agree ".👍
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Wait for small retracement & daily candle to close above - "3050"
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Enter only if market Breaks
"Yellow box" mentioned.
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Don't make complicated trade set-up.📈📉
Keep it " simple, focus on consistency " 💹
Refer our old ideas for accuracy rate🧑💻
Valuable comments are welcomed-✌️
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Follow for regular updates.👍
reliance flag and pole view- flag and pole breakout candle formed
- if this candle sustains above this range bullish trend may continue.
This analysis is my own idea.
I don't recommend taking trade based on this idea.
Know the market risk before trade.
Reliance breakout for 3500Reliance breakout confirm looking good for 3500, with HDFC bank also looking hot. Nifty poised for 25K.
RELIANCE break out after 3-4 monthRELIANCE break out level is 3031 and sustained above that level.
target 1 - 3300
SL - 2980
follow risk reward.
Disclaimer -
videos, presentations, and writing are only for educational purposes and are not intended for investment advice. I can't promise the accuracy of any information provided. please consult with your financial advisor.
Head and shoulder in Reliance Industries.Major support levels :- 2575, 2550, 2531
Resistance:- 2600, 2620
If it takes out the upper level of 2620 and closes above it on weekly chart, it can give nice up move. Positional stock or stock future trades can be initiated.
Intraday trades can be taken on both the side. Bearish trade for an intraday trade can be initiated on the breakdown of the H&S pattern on the hourly candle close.
Wait for the price action near the levels before trading.
Flag pattern BreakoutReliance has given a flag pattern breakout on the weekly chart. This technical pattern often indicates a continuation of the prior trend, suggesting a potential bullish movement. Keep an eye on the stock for further upward momentum following this breakout.
RELIANCE WEEKLY UPDATE Hello Traders.
We have seen that Reliance has been entered into a New territory & from now onwards the brand new move has started.
Strongly Bulls has closes the reliance above 3000 levels.
Plan your trades on pullback in Daily Time Frame.
Thank you
RELIANCE F&P BREAKOUT WCBRELIANCE breaking f&pPattern
weekly basis good volume
good rsi macd crossover
#target 3000
EDUCATIONAL IDEA
Reliance Industries: The Mukesh Ambani of Stocks Attention, traders! Buckle up, because Reliance Industries Limited is ready to take off like a rocket ship to the moon! 🚀📈 We’ve spotted some exciting price action and technical patterns that you won't want to miss. Let’s dive into the details.
I. Price Action Overview
Chart Analysis
Current Price: ₹3,061.10
Daily High: ₹3,075.00
Daily Low: ₹3,012.00
Volume: 14.192M
II. Key Technical Indicators
Bullish Flag Pattern: RIL is climbing faster than Antilia's elevator during a power outage. The chart clearly shows a bullish flag pattern, a classic continuation pattern indicating potential upward movement.
Breakout Confirmation: We've seen a solid breakout from the flag pattern, signaling a potential rally.
Volume Breakout: Trading volume is higher than the number of JioMart deliveries on a Sunday. This suggests strong conviction in the move. Accompanying the price breakout, there's a significant increase in volume, further confirming the bullish momentum.
III. Trading Idea:
For the brave Ambani-wannabes out there, riding this uptrend could be more thrilling than a Bollywood blockbuster. But remember, timing the market is as tricky as navigating Mumbai traffic during monsoon!
Price Targets and Support Levels
Immediate Resistance: ₹3,100.00 - This is the next level to watch. A break above this could open the doors to higher levels.
Support Levels:
Primary Support: ₹2,800.00 - A key level to hold for maintaining the bullish outlook.
Secondary Support: ₹2,559.25 - This is a more conservative support level, aligning with previous consolidation areas.
IV. Risks:
If this rally loses steam, the stock could drop faster than your data speed when you run out of Jio balance. Keep an eye on oil prices and telecom regulations, and be ready to book profits quicker than you can say "Jio Dhan Dhana Dhan".
V. Final Thoughts:
Reliance Industries is flexing its muscles like Mukesh Ambani at an AGM. Will it continue to dominate the market like it dominates your phone bill, or will it take a breather? Only time will tell, but one thing's for sure – this stock is more diverse than the menu at a 5-star hotel buffet!
Disclaimer: This analysis is about as guaranteed as a glitch-free day on the MyJio app. Always do your own research and consult a financial advisor before making investment decisions. Happy trading, and may your profits be as hefty as Reliance's market cap! 💼
Reliance Big Move AheadHey Family, there is a one more stock Which is showing a great opportunity.
Key Points:-
* Forming Ascending Triangle Pattern in daily TF.
* From Jan 2024 to June 2024 Moving in a 200-300 Points range.
* From Mar 2024 to June 2024 Tested Resistance Many times.
* It's Already Break resistance Zone and trying to Sustain Above Resistance Zone and follow up buying is coming.
* Volume Accumulation (Volume is Rising).
What is your view please comment it down and also boost the idea this help to motivate us. We are Certified. All views shared on this channel are my personal opinion and is shared for educational purpose and should not be considered advise of any nature. Minor Retest is Possible after big move.
