Back to Basic : RELIANCE 1D NSEMy Analysis : July 7 RELIANCE 1D NSE
July 7 the candle show me indecision between buyer and seller, but seller push price , that why Close < Open Price
Wait for next candle.
I assume that possibly price fall from here.
Price move in the uptrend
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Please consult your financial advisor before making any decision
RLI trade ideas
RELIANCE - Ichimoku BreakoutStock Name - Reliance Industries Limited
Ichimoku Cloud Setup :
1). Today's close is above the Conversion Line
2). Future Kumo is Turning Bullish
3). Chikou span is slanting upwards
All these parameters are showing bullishness at Current Market Price
and more bullishness AFTER crossing 2622
#This is not Buy and Sell recommendation to any one. This is for education purpose and a helping hand to learn trading in Market.
# Cloud Trading
# Ichimoku Cloud
# Ichimoku Followers
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Reliance case studyReliance spot cmp 2618
weekly time frame
chart pattern study
Descending parallel channel pattern fromation
As per resistance trend line of structure, counter would face resistance around 2650 levels
if we observe last 2 swing in this channel ,last time counter reversed after retracing around 78.6% of previous swing, this time 78.6% of last swing lies around 2632 levels,
RSI when ever weekly RSI touches levels of 60-61 it tends to make top and give sharp reversal.
So as per this we can say the uptrend for counter that started around 2200 levels is about to end and as per past 2 swing history counter can give a dip to lower levels,,
Bulls time to step out of party,, bears at door step.. keep watch...
Reliance inds- parallel channel- swingDon't be aggressive
.
if there is possibility for bullish--
entry: 2520
target-2550-2600-2640
.
If down trend starts
entry:2480
t1-2450-t2-2400
.
possibility for stoploss hunting will be there.
.
Don't trade in "no trade zone"
Trade carefully.
.
after breaking green box mentioned,
trend will be confirmed.
.
.
refer old ideas.
Nifty & Banknifty market analysis for 28th June 2023Nifty created a fresh ATH today and breached the 19,000 level briefly. But with VIX edging higher, the question still remains: will Nifty continue going up? Adani shares did contribute to Nifty's gains, but that was possibly temporary given GQG's infusion. Can Reliance help Nifty close above 19,000?
What Is Liquidity Risk? REAL ACCOUNT -45K market oder BLOCK Understanding Liquidity Risk //
market oder are blocked for the midcapnifty F&O contracts .
BIG MISKET IN F&O CONTACTS .NOT PLACING IN SELLING ,
TRY PLACING A LIMIT OR SL ODER .
What Is Liquidity Risk?
Liquidity is a term used to refer to how easily an asset or security can be bought or sold in the market. It basically describes how quickly something can be converted to cash.
Single Line VortexThis formula is similar to the vortex indicator, but it calculates a single trend line instead of two separate trend lines. The trend line is calculated by averaging the distance between the current high and the prior low, and the distance between the current low and the prior high.
The formula then returns a single value, which represents the trend line.
You can use this formula to create a separate trend indicator on TradingView. To do this, simply copy and paste the formula into the "Formula" field of the indicator. You can then adjust the length of the vortex indicator by changing the value of the "length" argument.
Reliance making Expanding triangle (RIL technical analysis)Reliance making Expanding triangle
(RIL technical analysis)
If this lower trend line break out than may comes to expanding triangle lower trend line. appx 2100 level
If this upper trend line break out than may comes to expanding triangle upper trend line. appx 2900 level