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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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Reliance - The Elephant can Turn EverythingReliance has been in a impulse since March 2023 from lows of 1979.15 to 2630.95 was size of Wave 1 & it retrace exactly 0.618% in wave 2 as marked in chart. Wave 3 starting from 2220.30 to 3024.90 was equal to Wave 1 in size or slightly bigger than wave 1 & Wave 4 did retrace exactly 0.382% as shown in chart. Wave 5 is exactly inverse 1.618 of Wave 4 fall. This entire Impulsive structure is a good example to study wave structure & understand fibonacci relations between Elliott waves & how a impulsive wave follows a trend channel. So is the Fall Over ? Ideally it has pulled back to previous degree Wave 4 which could be a good demand zone & A equals to C has also been achieved but daily positive close is first sign of bottom & we may see at least 3 Waves bounce or a new Impulse starting on upside & this could mean the Elephant could turn the market sentiment positive.
NSE:RELIANCELong
by churiwalvikram
2
Great opportunity to buy Reliance IndustriesHello, Every time you talk about the companies to invest in the India market, a top company that comes to most people's mind is reliance. I had a close look at reliance and below is my view. Business Model Overview: Reliance Industries Ltd. (RIL) operates in various sectors, primarily energy, petrochemicals, retail, telecommunications, and digital services. Its diverse revenue streams come from refining and marketing, petrochemicals, exploration and production, retail (through Reliance Retail), and telecom (through Jio). This diversity provides a moat for the company, making it resilient to sector-specific downturns. Revenue and Financials: As of 2024, Reliance has performed well, increasing its stock price by over 13% from January to October 2024. The stock reached IRN 3200 in July. Reliance's market cap remains strong at ₹19.82 trillion, and its price trends suggest growth despite short-term corrections​ as shown below. Technical Analysis: On the technical front, Reliance Industries has experienced a sideways corrective phase since reaching its peak in July 2024. After a decline in the recent months, the stock is trading at around ₹2,813, following a slight dip in September. The stock is currently at the bottom of the correction and therefore at a great point for entries with target at INR 3200. Opportunities for Reliance Retail Expansion: Reliance Retail is targeting 20% annual growth, outperforming the market's expected 10% Compound Annual Growth Rate (CAGR). This aggressive expansion strategy is set to capitalize on both urban and rural markets, leveraging its extensive infrastructure and growing digital footprint. Renewable Energy Leadership: Reliance is positioning itself as a leader in green energy by planning to establish 20GW of solar PV capacity by 2026. This includes significant investments in battery production and continued strategic advancements in oil-to-chemical (O2C) and oil and gas (O&G) sectors. The company’s emphasis on sustainability reflects its ambition to dominate the renewable energy market while maintaining profitability in traditional sectors. Operating Expense Control: There is an expectation that the growth in operating expenses will moderate in FY25, leading to improved margins as expansion efforts stabilize. Risks to Consider for Reliance Supply Chain and Costs: Rising freight costs and limited international market presence pose challenges. The company must also navigate the delicate balance between sustainability initiatives and profitability amid increasing global supply overcapacity in various sectors. Oil and Gas Market Volatility: Reliance faces the risks of tight crude oil supply, which could affect margins in its refining and petrochemical segments. Additionally, regulatory changes impacting fuel and rising competition from Chinese exports and imports under trade agreements could create market pressures, challenging Reliance’s competitiveness in global markets. Final Recommendation Given Reliance's diversified business, strong retail growth, and strategic investments in renewable energy, it remains a buy for long-term investors. The stock is trading near its correction lows, presenting a potential buying opportunity at current levels (around ₹2,813). The target price should be set at ₹3,200, with a focus on monitoring key risks like crude oil supply constraints and competition. Good luck!!
NSE:RELIANCELong
by thesharkke
2
Reliance Industries Bearish Outlook with Crucial Support at 2900Reliance Industries is currently trading in a no-trade zone between 2890 and 3080 showing signs of sideways movement. The stock is testing its lower support level at 2900 and if this level is breached we may see further downside. The overall trend appears bearish for now, with RSI also reflecting weakening momentum. Traders should watch for a break below 2900 which could trigger further selling pressure and intensify the bearish sentiment. A close above 3080 would be needed to shift momentum back toward the bulls.
NSE:RELIANCE
by Marketik
1
RELIANCE NEW ALL TIME THIS OCT (ATH)Multiple confirmation 1) A trendline breakout occurs when the price of an asset moves above or below a trendline, indicating a potential change in the direction of the trend. Here’s a detailed look at trendline breakouts: What is a Trendline Breakout? A trendline breakout happens when the price of a stock or other asset breaches a previously established trendline. This can signal a shift in market sentiment and often indicates a new trend direction. Key Aspects of Trendline Breakouts Volume Confirmation: A breakout accompanied by high trading volume is generally considered more reliable. High volume suggests strong market interest and conviction in the new trend direction1. Retest of Trendline: After a breakout, the price often retests the trendline from the other side. This retest can provide a second chance to enter the trade if the breakout is confirmed1. False Breakouts: Sometimes, the price may break the trendline but then quickly reverse. These false breakouts can trap traders, so it’s important to use additional indicators or wait for confirmation1. 2) A double bottom is a bullish reversal pattern in technical analysis that signals a potential change in trend from a downtrend to an uptrend. Here’s a detailed look at the double bottom pattern: What is a Double Bottom? A double bottom pattern resembles the letter “W” and forms after a prolonged downtrend. It consists of two distinct lows at approximately the same price level, separated by a peak in between. This pattern indicates that the price has hit a significant support level twice and failed to break lower, suggesting a potential reversal to the upside12. Key Characteristics First Bottom: The price reaches a new low, indicating strong selling pressure. Peak: After the first bottom, the price rebounds to a certain level, forming a peak. Second Bottom: The price declines again to a level similar to the first bottom, but fails to break lower, indicating strong support. Breakout: The pattern is confirmed when the price breaks above the peak formed between the two bottoms, often accompanied by increased volume12. Trading the Double Bottom Entry Point: Traders typically enter a long position when the price breaks above the peak between the two bottoms. Stop-Loss: A stop-loss order is usually placed just below the second bottom to manage risk. Profit Target: The profit target can be set by measuring the distance from the bottoms to the peak and projecting that distance upwards from the breakout point12.
NSE:RELIANCELong
by Faizgazi
Technical Analysis of Reliance Industries Ltd. (2969)Current Price Action: Based on the chart provided for Reliance Industries Ltd., the stock is trading around ₹2969 as of today’s session. Over the last few sessions, the stock has been showing signs of recovery after reaching a support level near ₹2860. Moving Averages: 21-Day EMA: The price is trading near the 21-day Exponential Moving Average (EMA) at around ₹2965, which is acting as a short-term resistance. A sustained move above this level could signal further bullish momentum. 200-Day EMA: The 200-day EMA at ₹2861 is providing strong support. Historically, Reliance tends to respect this long-term average, making it a reliable indicator for trend reversals or continuations. Volume: There has been a notable increase in volume in the last few sessions, indicating strong interest from institutional and retail investors around the current price range. This could be an early signal of a larger move. Strategy: Buy Zone: ₹2965 - ₹2980 Stop Loss: Below ₹2850 (based on 200-day EMA support) Target 1: ₹3040 (short-term) Target 2: ₹3240 (medium-term) Target 3: 3400+++
NSE:RELIANCELong
by iampatilkishor
RELIANCE -Watchlist - Descending triangle formation -Daily- VolThe chart analysis for Reliance Industries (RELIANCE) indicates the following key points: ### 1. **Descending Triangle Formation:** - A descending triangle pattern is visible, which is a bearish chart pattern formed by lower highs and a flat support line (around ₹2,900-₹2,910). This suggests selling pressure as buyers are unable to push the price higher while the support level remains relatively strong. ### 2. **Key Resistance Levels:** - The stock is currently facing resistance around ₹3,075 and a stronger one at ₹3,217, which aligns with previous high points. - If the stock breaks above the descending trendline, it could lead to a bullish reversal, with potential upside targets toward these resistance levels. ### 3. **Potential Support Breakdown:** - The downside risk is indicated by the yellow arrow pointing towards ₹2,603, which is the next major support level if the ₹2,900-₹2,910 zone fails to hold. - A breakdown below this zone could result in further selling pressure. ### 4. **RSI Divergence:** - The Relative Strength Index (RSI) has shown bearish divergence as the price made lower highs while the RSI was in a downward trend. However, RSI is currently near 50.84, indicating neutral momentum but nearing overbought conditions. ### 5. **Volume Trends:** - The recent uptick in volume suggests increasing interest and could indicate a potential breakout from the consolidation phase, depending on the direction of price movement in the coming sessions. ### Conclusion: - Watch for a breakout above ₹3,075 or a breakdown below ₹2,900 for the next directional move. Volume confirmation is essential to validate any breakout or breakdown. This analysis suggests caution until the price breaks out of the descending triangle or support levels are confirmed. As of September 20, 2024, the Open Interest (OI) data for Reliance Industries shows interesting patterns that provide insights into potential market direction. Call OI Build-up: There was significant accumulation at the 3,100 and 3,200 strike prices, indicating resistance at these levels. Traders are positioning these as key zones where the stock might face selling pressure if it approaches. Put OI Concentration: On the downside, the 2,900 strike price saw notable Put OI build-up, suggesting this level as strong support. If the stock price drops, traders expect the 2,900 level to provide a cushion. Put-Call Ratio (PCR): The PCR hovered around neutral territory, indicating that neither bulls nor bears have a dominant hold. However, increased volatility could be expected in the short term depending on broader market conditions.
NSE:RELIANCELong
by DailyCharts03
1
RELIANCE // LEVEL // 3H"Welcome to SkyTradingZone " Hello Everyone 👋 Let's dive into the 3-hour candlestick chart for Reliance Industries Limited (RELIANCE), a leading Indian multinational conglomerate. Here are some key insights based on the 3-hour chart: Current Trend: Reliance Industries has been trading in an upward trend, with a slight pullback over the past few hours. Resistance and Support: The stock has a strong resistance level at around ₹2,450-2,470 and support level at around ₹2,350-2,370. Bollinger Bands: The Bollinger Bands are expanding, indicating increased volatility in the stock. Momentum: The RSI (Relative Strength Index) is above 50, indicating that the stock is in an overbought zone.
NSE:RELIANCELong
by SkyTradingZone
RELIANCE // Levels // 4 hour "Welcome to SkyTradingZone " Hello Everyone 👋 To analyze the levels for Reliance Industries on a 4-hour chart, you would typically look for key support and resistance levels, trend lines, and any significant price patterns. Here’s a general approach you can take: Identify Support and Resistance Levels: Look for historical price points where the stock has reversed direction. These can be horizontal lines where the price has bounced off multiple times. Trend Analysis: Determine the overall trend by looking at the highs and lows. If the price is making higher highs and higher lows, it’s in an uptrend, and vice versa for a downtrend. Moving Averages: Use moving averages (like the 50-period or 200-period) to identify the trend direction and potential support/resistance levels. Chart Patterns: Look for any recognizable patterns such as head and shoulders, triangles, or flags that could indicate future price movements. Volume Analysis: Check the volume at key levels to confirm the strength of a move. High volume at a breakout level can indicate a strong move. Indicators: Consider using technical indicators like RSI, MACD, or Bollinger Bands to gain additional insights into momentum and potential reversals
NSE:RELIANCELong
by SkyTradingZone