RELIANCE Support and Resistance As of today, for intraday trading in Reliance Industries (RELIANCE), here are the approximate support and resistance levels based on technical analysis:
Intraday Support Levels:
S1 (First Support): ₹1,220
S2 (Second Support): ₹1,210
S3 (Third Support): ₹1,200
Intraday Resistance Levels:
R1 (First Resistance): ₹1,230
R2 (Second Resistance): ₹1,240
R3 (Third Resistance): ₹1,250
Notes:
These levels are calculated using pivot points, Fibonacci retracements, and other common technical indicators.
Intraday traders should also consider the stock's volatility, volume, and momentum indicators for confirmation.
Always set a stop-loss to manage risk effectively.
RIGD trade ideas
RELIANCE Support & ResistanceAs of December 24, 2024, Reliance Industries Limited (RELIANCE) closed at ₹1,272.00, reflecting an increase of 0.79% from the previous close.
The following support and resistance levels have been identified for RELIANCE:
Support Levels:
S1: ₹1,217.98
S2: ₹1,213.22
S3: ₹1,205.43
Resistance Levels:
R1: ₹1,229.27
R2: ₹1,238.32
R3: ₹1,243.08
These levels are derived from various technical analyses, including pivot point calculations and moving averages.
Please note that support and resistance levels are dynamic and can change based on market conditions.
It's advisable to consult real-time data and consider multiple technical indicators before making any trading decisions.
The Four Seasons of the Market: How to Thrive in Each PhaseGreetings to all. I trust that you are all thriving in both your personal lives and trading endeavors. Today, I present educational content aimed at understanding the concepts of Phases of the Market.
The stock market typically goes through four key phases, often referred to as the market cycle. These phases are influenced by investor sentiment, economic conditions, and market trends. Here’s a breakdown of the phases:
1. Accumulation Phase:
What Happens: This phase begins after the market has bottomed out following a downturn or bear market. Prices stabilize as smart money (institutional investors) and value-driven investors start buying undervalued stocks.
Investor Sentiment: Generally pessimistic, as many investors remain cautious or bearish.
Characteristics: Low trading volumes, Minimal price volatility, Attractive valuations.
2. Markup Phase:
What Happens: The market gains momentum, and prices start trending upward. Economic conditions improve, and optimism returns.
Investor Sentiment: Increasingly optimistic, attracting more participants.
Characteristics: Higher trading volumes, Rising prices across sectors, Media coverage and public interest grow.
3. Distribution Phase:
What Happens: After a significant rise in prices, the market reaches a peak. Investors who bought during the earlier phases start taking profits.
Investor Sentiment: Mixed, with greed dominating but some caution emerging.
Characteristics: Increased volatility, Higher selling pressure from large investors, Euphoric media coverage.
4. Decline Phase (or Markdown Phase):
What Happens: Prices start falling as selling intensifies. Fear and panic can lead to sharp declines.
Investor Sentiment: Fearful and pessimistic.
Characteristics: Heavy selling volumes, Falling prices, Negative economic news and reduced public interest.
These phases repeat cyclically, influenced by economic conditions, corporate earnings, monetary policy, and global events. Recognizing where the market is in this cycle can help investors make informed decisions.
I hope that you all would find this educational material valuable and engaging. If you appreciate this type of content, I encourage you to show your support by liking this post and following me for more educational insights in the future.
Reliance Industries Ltd view for Intraday 22th Dec #RELIANCE
Reliance Industries Ltd view for Intraday 22th Dec #RELIANCE
Resistance 1270 Watching above 1273 for upside movement...
Support area 1240 Below 1255 ignoring upside momentum for intraday
Support 1240 Watching below 1238 or downside movement...
Resistance area 1270
Above 1255 ignoring downside move for intraday
Charts for Educational purposes only.
Please follow strict stop loss and risk reward if you follow the level.
Thanks,
"BE GREEDY WHEN OTHERS ARE FEARFUL.” Subject :
During this period, I view the market downturn as an opportunity to acquire quality stocks at lower valuations for long-term investment. As mentioned above, I am particularly interested in key levels for potential entry points. I wanted to share these insights with all of you, hoping you find them helpful. Thank you, everyone!🙏🏻
The recent downturn in both Indian and global stock markets can be attributed to several
key factors:
1. Monetary Policy Shifts: The U.S. Federal Reserve's recent decision to reduce the number of projected interest rate cuts for 2025 has heightened investor concerns.
2. Rising Treasury Yields: A significant selloff in long-dated U.S. government debt has pushed 10- and 30-year Treasury yields to their highest levels in nearly seven months. This trend poses a threat to stock valuations, as higher yields make risk-free government debt more attractive compared to equities.
3. Geopolitical Concerns: The potential return of Donald Trump to the U.S. presidency and his proposed economic policies, have raised fears of increased inflation and global trade tensions. These uncertainties contribute to market instability.
* Escalating conflicts in regions such as the Middle East have increased market volatility and investor uncertainty.
4. Foreign Investor Behavior: In India, heavy selling by foreign institutional investors has exerted downward pressure on markets. This trend is influenced by global monetary policies and a reduced appetite for risk amid prevailing uncertainties.
5. Sector-Specific Declines: Sectors such as financials and information technology have experienced notable losses, further dragging down market indices.
These combined factors have led to a bearish trend in both Indian and international stock markets in recent weeks.
About Reliance industries limited 📉:
1. Weak Performance in the Oil-to-Chemicals (O2C) Segment: RIL's O2C business, a significant revenue contributor, has faced challenges due to shrinking margins amid global oversupply. In the second quarter of FY25, the company reported a 5% decline in net profit, largely attributed to poor performance in its oil refining and petrochemical business. This segment was significantly impacted by cheap Russian crude oil flooding the market, pushing product margins lower.
2. Delays in IPOs of Jio and Retail.
3. Slowing Growth in the Retail Business: RIL's retail division has encountered slower growth, influenced by factors such as rising real estate costs and increased.
4. Broader Market Trends and Investor Behavior.
#valueinvesting. #indianstockmarket. #Reliance
Reliance Inds cmp 1205.30 Weekly Chart view by Negative Phase*Reliance Inds cmp 1205.30 by Weekly Chart view - Indicatively trailing thru negative phase*
- Stock has formed Bearish Rounding Top
- Resistance Zone 1250 to 1280 Price Band
- Interim Support Zone seen at 1165 to 1185 Price Band
- Next Good Support Zone is seen at 1045 to 1075 Price Band
- Volumes are steady but seen more on the selling side over past few weeks
- Stock Price broke down below Rising Support Trendline & well under Falling Resistance Trendline
- Weekly basis Support at 1145 > 1075 > 990 with the Resistance at 1298 > 1380 > 1490 > ATH 1608.80
RELIANCE ViewRELIANCE Chart Analysis
Monthly Chart shows it price is near trendline(TL) support. Need to watch what happens here.
Either Reverses from TL or falls upto 1000 monthly support.
RELIANCE at reversal Point + HDFCBANK at ATH BO retesting ---> Hope Nifty also moves higher.
Lets watch and see. Can trade in daily after reversal confirmation.
Note: No idea about Reliance fundamentals, anyway it is Bluechip stock.
Reliance Industries Ltd view for Intraday 20th Dec #RELIANCE
Reliance Industries Ltd view for Intraday 20th Dec #RELIANCE
Resistance 1270 Watching above 1273 for upside movement...
Support area 1240 Below 1255 ignoring upside momentum for intraday
Support 1240 Watching below 1238 or downside movement...
Resistance area 1270
Above 1255 ignoring downside move for intraday
Charts for Educational purposes only.
Please follow strict stop loss and risk reward if you follow the level.
Thanks,
RELIANCE "KING OF MARKET"Please consult your financial advisor before investing.This is only for learning purpose of chart.
We are NISM certified EQ and MCX trader but not SEBI register investment advisor.
THERE IS COMFORT IN VALUATION AT THIS POINT NOTE DOWN LONG RELIACNE WITH SL 1195.
3-4 MONTHS TGT 1455-1460...
Reliance is ready to fly !!! Hi Guys!!!
Welcome back after long time. Reliance is ready to fly now. The stock has given breakout from falling channel and retested . Now it is forming double bottom. The immediate target of the stock is around 1322 which seems to be possible within a week. Buy Reliance for the target of 1322 with a stop loss of 1238.
Happy Trading !!!
RELIANCE Support & Resistance long levels Reliance Industries Ltd. (RELIANCE) is one of India's largest conglomerates with diverse interests across sectors such as petrochemicals, refining, telecommunications, retail, and digital services. Given its size and market influence, Reliance is a key stock in the Indian stock market, often reflecting broader economic trends. Identifying support and resistance levels for Reliance can help traders and investors make informed decisions.
Support Levels:
₹2,400 - ₹2,420 (Strong Support Zone):
If Reliance has repeatedly found support around ₹2,400 - ₹2,420, this could be a key support zone. A move below this zone could signal deeper correction, with the next support around ₹2,350 or ₹2,300.
₹2,300 (Psychological Support):
₹2,300 is a psychological level and may serve as a significant support point. If Reliance falls towards this level, there could be buying interest from long-term investors, pushing the price upward.
₹2,200 (Previous Low / Support):
If ₹2,200 has acted as a strong point of reversal in the past, it may serve as a strong support level. A break below ₹2,200 would likely indicate a more pronounced bearish trend.
₹2,100 (Lower Support Zone):
In a worst-case scenario, ₹2,100 might act as a lower support level, especially if the broader market faces a correction. If the price falls below this level, it would indicate significant weakness.
Resistance Levels:
₹2,600 - ₹2,650 (Recent Highs / Resistance Zone):
If Reliance has recently struggled to break above ₹2,600 - ₹2,650, this range would act as a strong resistance zone. A breakout above this range could signal bullish continuation.
₹2,700 (Key Resistance Level):
The ₹2,700 level could act as a key resistance point for Reliance. A sustained break above ₹2,700 could lead to a rally toward the next resistance at ₹2,800 or higher.
₹2,800 (Major Resistance):
If ₹2,800 has previously marked the top of the stock's price action, it could be a major resistance level. A move beyond this level would indicate strong bullish momentum and could open up the next target of ₹2,900.
₹3,000 (Psychological Resistance):
As a round number, ₹3,000 is a psychological resistance level. If Reliance moves close to this level, selling pressure could increase from traders looking to lock in profits, making it a significant level to watch.
Key Areas to Watch:
Breakout Above ₹2,650:
A breakout above ₹2,650 would be a bullish signal for Reliance, with the next resistance around ₹2,700 to ₹2,800. Traders would watch for a close above ₹2,650 for confirmation.
Breakdown Below ₹2,400:
A breakdown below ₹2,400 would suggest a weakening of the bullish trend, and the stock could move toward ₹2,300 or ₹2,200.
Reliance breakout retest zoneAfter wonder descending wedge pattern breakout ..reliance again retesting the wedge pattern breakout level.. best entry for upside potential.. dec closing yearly closing . In last 9 year history reliance didn't gave any negative return. Right now yearly -2.43% return going on.. motabhai magic will lift this negative return nd turn out to b 4-5% positive side . Finger crossed for upside potential.
Reliance Industries Ltd view for Intraday 11th Dec #RELIANCEReliance Industries Ltd view for Intraday 11th Dec #RELIANCE
Resistance 1310 Watching above 1312 for upside movement ...
Support area 1280 Below 1290 ignoring upside momentum for intraday
Support 1281 Watching below 1277 or downside movement ...
Resistance area 1290
Above 304 ignoring downside move for intraday
Charts for Educational purposes only.
Please follow strict stop loss and risk reward if you follow the level.
Thanks,
RELIANCE - 2620 will be the end of the correctionRELIANCE: CMP 2688 - Here is the wave count on weekly and daily TF for Reliance.. we are almost at the end of the correction and bulls will take chart soon..2620 will be held.. maybe a shakeout of 10-20 points.. but overall, between now and 2600, this will be a great risk reward set up.
Darvas Box in RelianceSimple method like Darvas box can also give good idea of trend.
Darvas box are trading ranges in which stock prices moves. Applying strict rule in this method would lead to analysis paralysis.
It looks obvious once we mark boxes around ranges. There will be some whipsaws at the edges of these boxes.
Current level of Reliance seems to be at the bottom of the latest trading range marked by red box.
Trading the box range is good method for swing trades if the box range is sufficiently large. I use this for mostly large cap stocks which are not very volatile.
Hope this will encourage people to start making boxes on their favorite large cap stocks.