what you see and what you feel ?
what you see impotant.
as shown in the chart it is in 3 rd wave.
Of course retraced 23.6 percent of it.
in some cases when 3 rd wave is extended it can retrace 23.6 percent.
It seems here it is extended here,
Normally 4 th wave retraces 38.6 percent of 3 rd wave.
Its result is tomorrow.In case of good result it can lift nifty along...
Price is testing the trend line now. Nearest resistance is at 2960 zone. Price have to break it with volume to continue the uptrend.
Buy above 2945 with the stop loss of 2930 for the targets 2959, 2978, 2996 and 3012.
Sell below 2906 with the stop loss of 2920 for the targets 2886, 2871 and 2852.
Check the live market updates.
Hit the like button to Rock !!...
Technical Analysis of Reliance Industries
View Expressed are Personal only.
Reliance bouncing from 20EMA on daily time frame, Can touch R2 resistance in near term.
Can go long with Small SL below 25th april Day low.
I have prepared the analysis for reliance and considered recent trend, Chart pattern & Gann methods. On the upside first target will be 2900(First green line) And then if it continues then 2nd target(2nd green line with green apple). Stop loss with be 2963.
This analysis is for study purpose not a recommendation.
Reliance Is going to Announce it's Q4 Result today after market on 22 April 2024 but ahead of it when we look at the chart of Reliance we can see there is positivity and it may open or touch 3000 levels and very soon we can see level of 3100.
Disclaimer - Investment and Trading is Subject to Market Risk
Long consolidation has come to an end.
Bjp first win in Gujarat.
Strong support established.
Long and just hold.
Stoploss under 2800. Almost impossible to hit.
On Our Harmonic pattern indicator based trade setup take trade as explained below :-
Early trades Buy or sell below/ above 23.6 %, safe trades buy or sell above / below 41% , after taking trade next upside or downside levels will be target ,
When reverse buy or sell signal appear then book profit on Target or trail SL to 23.6 % If trailing SL hit then early...
On Our Harmonic pattern indicator based trade setup take trade as explained below :-
Early trades Buy or sell below/ above 23.6 %, safe trades buy or sell above / below 41% , after taking trade next upside or downside levels will be target ,
When reverse buy or sell signal appear then book profit on Target or trail SL to 23.6 % If trailing SL hit then early...
Reliance Industries is making continuous Higher-Highs on higher timeframes. So it is very obvious that we can see a new ATH above 3050 (exact current ATH is 3025, but we are taking some buffer as it is one of the most manipulated high beta stock). Target is calculated using the ABCD pattern of Harmonics. Once price tries to break the current ATH, shift to 15 min...
Daily chart.
Detection of a double TOP, with height reporting.
The target would be the 50% Fibonacci.
Make up your mind before placing an order.
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Reliance is done correcting. From monday its gonna send again. Dont miss this run, gonna be epic. Reliance results also good. Everything bullish
Chart mega bullish
Hi
Reliance is set to make new high . The CMP is 2962. It is making bullish cup and handle pattern on daily chart. The swing target would be around 3100.
It is not recommendation. only personal opinion.
Track Reliance above 2958 for Intraday today. Target is calculated using XABCD pattern of Harmonics. Entry can be made if a 1 min candle closes above 2958.50.
