Strong Short Covering Expected!!🟢Oversold Reliance can test patience of the bears above 2321
🟢In 75M RSIStair have given a buy signal with very high volume
🟢Reliance Fut can surprise shorts by moving upto 2365 / 2392
RIGD trade ideas
Reliance - Update
1. Marked are the swing levels of reliance on the chart.
2. Yesterday's candle of 11-7-23 1:09 PM created resistance for the stock.
3. Today's candle of 11-8-23 11:18 AM is the most important candle for the stock.
4. Mark high and low of this candle in 1 minute chart and trade accordingly.
Disclaimer: I am not a SEBI Registered Analyst. Please consult your financial advisor before making any decision. I will not be responsible for any of your profits/losses. This is only for educational purposes.
Let you grow. May! I follow you.
Reliance IndustriesReliance Industries analysis shown on Weekly Chart:-
- Reliance Industries is trading below RSI 30 on Daily Timeframe.
- Its below 200 EMA on Daily Timeframe.
- Its expected to bounce back either from RSI 40 or RSI 30 on weekly timeframe.
Four Major Support levels for Reliance on weekly chart are as follows:-
- Support 1 @ 2100 (Qty 25%)- Its a Trendline Support (White Trendline) & Horizontal support.
- Support 2 @ 2000 (Qty 25%)- Its a 200 EMA Support (Red line) & Horizontal support.
- Support 3 @ 1850 (Qty 50%)- Its a Supertrend line Support (Green line) & Horizontal support.
- Support 4 @ 1670 to 1650 - Its a Major Horizontal support, Keep Stoploss at 1650.
Resistance marked with Red Horizontal lines may work as Targets:-
- Swing & Positional Target 1 @ 2400
- Swing & Positional Target 2 @ 2565
- Reliance Industries is a Nifty 50 stock with strong Fundamentals with long Term targets of 3500 & 4000.
This idea is for Educational purpose and paper trading only. please consult your financial advisor before investing or making any position.
Happy Trading :-)
RELIANCE is also stuck in a rangeNSE:RELIANCE is stuck in a range for the last 2 years and seems like if it breaksout then we can expect good levels.
RELIANCE INDUSTRIES 06-11-2023 TGT 2468-2540-2627RELIANCE INDUSTRIES can be an interesting in terms of Risk Reward with following reasons
1. 20 Month's SMA support @ 2300 levels. with 61.8 % fib Retracement also falling within same area and daily SMA also at 2307 levels. (Multiple supports in 2280-2300 zone.
2. ABCD pattern under formation on weekly chart
3. Price crossed above 20 SMA (daily) and Narrowing Bollinger Bands on daily chart
4. Can be a good risk reward if we keep previous low zone of 2220 - 2180 as major support / stop loss zone and look for long in dips
Next resistance as per fib projection can be 2468- 2540- 2627 whereas as per option chain major CE open interest as of today is at 2400 levels.
Lets see how it evolves.
Short-Term Trading Opportunity Alert: Reliance in FocusHello Traders!
I’ve got my sights set on Reliance for a short-term trading opportunity. Before you dive in, here’s what you need to know:
Analysis: On the daily and four-hour time frames, we’ve got an intriguing pullback opportunity that could lead to some upward movement.
Caution: Keep in mind, the overall direction of this stock is bearish, so tread carefully.
Trading Opportunity: If you’re keen to seize this chance, consider a long position from the indicated levels.
Derivative Traders: For those in the derivatives market, keep an eye on 2200 or 2300 CE options for November expiry.
Risk Management: Always set stop-loss orders and be prepared for fluctuations in the market.
Takeaway: This isn’t an investment opportunity but a short-term trading play. If you’re comfortable with short-term moves, this might be your playground.
Your Strategy: What’s your take on Reliance? Planning to hop on this ride or staying on the sidelines? Share your thoughts below!
Stay Informed: Follow for updates on this trade opportunity and more.
Happy trading!
short it is restested the previous rejection and expecting a move in downside in coming session till the next support
Reliance ,Nifty-50 and Banknifty Buy PUT.. 3 Nov ..Trade 🤑💸👑Royal Trade👑
Reliance IMPORTANT LEVEL
We buy Put and my Target in Video
Dont buy any trade without stop loss
This is only level we upload new idea in morning 9.30
Buy when Market Break
The support or Resistance
and wait for the closing and
set stop loss at the
last opening of the candle.
NOTE
#We Are Not Promote Anything
#This channel Purpose to share market ideas.
Thanks for Watching🙏
Reliance ,Nifty-50 and Banknifty Buy PUT.. Trade 🤑💸👑Royal Trade👑
Reliance IMPORTANT LEVEL
We buy Put and my Target in Video
Dont buy any trade without stop loss
This is only level we upload new idea in morning 9.30
Buy when Market Break
The support or Resistance
and wait for the closing and
set stop loss at the
last opening of the candle.
NOTE
#We Are Not Promote Anything
#This channel Purpose to share market ideas.
Thanks for Watching🙏
RELIANCE in Bearish Trend: Should You Buy or Sell?
Based on the chart, RELIANCE INOS is in a bearish trend. The price has been falling for a while, and it is now at a support level of 2313.95. If the price breaks below this level, it is likely to continue falling. However, if the price can hold above this level, there is a chance that it could rebound.
Here are some of the key observations from the chart:
The price has been falling for a while, forming a series of lower highs and lower lows. This indicates that the bears are in control.
The price is now at a support level of 2313.95. If the price breaks below this level, it is likely to continue falling.
The price has been consolidating at this support level for the past few days. This indicates that there is some buying pressure at this level.
The volume is relatively low, which indicates that there is not a lot of interest in the stock at the moment.
Overall, the chart suggests that RELIANCE INOS is in a bearish trend. If the price breaks below the support level of 2313.95, it is likely to continue falling. However, if the price can hold above this level, there is a chance that it could rebound.
Conclusion:
Investors should be cautious about buying RELIANCE INOS at the current time. The stock is in a bearish trend, and there is a risk that it could continue to fall. Investors should wait for the stock to show some signs of strength before buying.
Reliance -11:22 a.m. candle with price levels marked on the chart within copper horizontal lines created resistance for Reliance. So that should be taken as resistance until crossed.
Swing Levels are also marked as on the chart.
Disclaimer: I am not a SEBI Registered Analyst. Please consult your financial advisor before making any decision. I will not be responsible for any of your profits/losses.
Reliance Resistance At Trend LineReliance took resistance at the down Trend line. If the price breaks important support level that is 2295 We can see selling opportunity.
Buy Call in Reliance ,Nifty-50 and Bank nifty 1 Nov Trade 🤑💸👑Royal Trade👑
Reliance IMPORTANT LEVEL
We buy Call and my Target in Video
Dont buy any trade without stop loss
This is only level we upload new idea in morning 9.30
Buy when Market Break
The support or Resistance
and wait for the closing and
set stop loss at the
last opening of the candle.
NOTE
#We Are Not Promote Anything
#This channel Purpose to share market ideas.
Thanks for Watching🙏
Reliance - update
1. Reliance at the bottom of Triangle drawn has a greatest support at the green line drawn.
2. The price is taking support at red 50 SMA in 1H.
3. Provided are the swing levels for last 4 days,
5. Today's Candle 11-1-23 11:22 AM is most important for the Indian Market. Mark high and low of this candle and trade accordingly.
Disclaimer: I am not a SEBI Registered Analyst. Please consult your financial advisor before making any decision. I will not be responsible for any of your profits/losses.
Let you grow. May! I follow you.
Reliance - Weak on weekly time frame
Best shorting opportunity near dotted green trendline. Positional short near green dotted trendline. Heavy weight, index influencer hence a very small hedge position with max risk of 5K per lot will be a good bet. Check on RR.
Reliance - Update
1. Reliance is above 200 SMA in daily chart which is taken as a bullish signal.
2. Major Resistances and Supports have been drawn on the chart by way of Green Horizontal Lines.
3. Fibonacci Levels have also been provided. 2272.65 is the 50% Level. If you are already in, place your SL just below there and if not buy only above it and sell below.
4. Next important major candle is 11-4-23 10:15 AM
Disclaimer: I am not a SEBI Registered Analyst. Please consult your financial advisor before making any decision. I will not be responsible for any of your profits/losses.
$NSE:RELIANCE Will Reliance continue the up move ?NSE:RELIANCE Will Reliance continue the up move ?
Ignore if huge gap down or gap up.
Follow strict stop loss.
Disclaimer:
This is not a financial, investment or trade advice. Its only for educational purpose.
📉 Alert! Bearish Pattern Spotted! 🐻📉 Alert! Bearish Pattern Spotted! 🐻
📊 Pattern: Falling channel
📌 Symbol/Asset: RELIANCE
🔍 Description: Stock is in a falling channel and we might see correction from the resistance.
👉 Disclosure: We are not SEBI registered analysts, this is not a buy or sell recommendation. Technical patterns are just one piece of the puzzle. Consider conducting further research, consulting with a financial advisor, and managing your risks appropriately.
RELIANCE INDUSTRIES: What Chart says ?RELIANCE INDUSTRIES:Market heavy weight announced its Q2 Results. How the chart is placed ?
Reliance formed a weak Flag pattern in daily chart indicates a possible rally towards 2280 followed by 2300 -where its 200DEMA also lies .Major resistance :2340-60 and breaching the resistance is likely to trigger a big rally towards 2400+.
Major support lies at 2220(For Educational purpose only
RIL buyentry in RIL keeping stop at 2165
towards target 2300
entry based on theory fibo + support zone
disclaimer - trade at own risk
Reliance - Update
Be patient for tomorrow and wait for market to stabilize. Read carefully the note written on the chart and if found perfect please confirm (or otherwise) with a way of comment.
1. Providing you are the price levels for tomorrow:
Last Low 2235.95
Sell Below and Levels: 2212.36 2188.91 2165.58 2142.37
Buy above: 2241.86 2247.78 2259.65 2283.48 2307.44 2331.52
2. Time Candles have been mentioned on the chart. Mark high and low of the past candles to get perfect supports and resistances.
3. Price levels mentioned above are applicable for only Reliance. But, time levels as mentioned on the chart are applicable for whole of the Indian Market. Decide the relevance of both of them and make an independent decision.
Let you grow. May! I follow you.
RELIANCE 16.10.2023Reliance Industries Ltd. is interesting chart with following
1. Trading near major support zone of 2260 -2300 levels
2. 20 Months SMA support at 2310 levels
3. Bullish Engulfing candle on weekly chart
4. ABCD pattern under formation though confirmation awaited.
5. Looks good in terms of risk reward
Disclaimer: I am not an expert I just share interesting charts here for educational purpose and not to be taken as buy/sell recommendation. Please seek expert opinion before investing and trading as trading/ investing in market is subject to market risks. I do not hold any position in the stock as on date but I may look to buy on dips with my own Risk Reward matrix.
