RELIANCE | Inverted Head and Shoulder | Swing TradeRELIANCE | Inverted Head and Shoulder | Swing Trade
Inverted head and shoulder pattern and breakout for good swing trade
RIGD trade ideas
RELIANCE LONG POSITIONNSE:RELIANCE
RELIANCE is looking good at this price point.
RSI bullish divergence on 1d time-frame.
Just crossed 50 and 200 ema on 1d.
Making higher high new wave.
Inverted head and shoulders at the bottom of the downward trend.
Making a new upward trend price action.
Crossing imp. fib level.
Taken support from important level on 27th oct.
Reliance 2500 CE 2600 CE option decemeber janaury jackpotHi every one
please check my CE call option technical and reply me to know more
I risk reliance 2600 CE DECEMER
if not works
I will risk rel 2600 ce january
Reliance IND Bullish, Kindly do your own studyThis stock is looking strong in chart.
Weekly price is above 50 EMA
weekly MACD is up and above zero line
Inverted Head and Shoulders BO and all EMAS positive and volume is good
Daily MACD is PCO stat
RSI is above 50
+DI cross -DI
RELIANCEReliance has break inverted head and shoulder in support area. in short term swing rally can go Above 2400.
Will it surge?Reliance has underperformed Nifty.
now it is moving up gradually.
It seems after 1 st wave rise ,its 2 nd wave is running correction,
Actual buy signal will be generated when it takes out the 4 th wave
position which is at 2368.
let us watch and enjoy.don't forget to like this podt if it is helping you.
Follow me to get updates.
Inverted Head & Shoulder 📢Inverted Head & Shoulder
✅Keep on Radar
RELIANCE
+ Reversal pattern
+ Gap up and sustained
+ Increased Volume
+ Trading above Key EMAs
Reliance nov23This is the daily chart of reliance market is in range
Try to break the range. If channel break wait for retest
The imp levels are drawn on the chart .
The mostly the market reverse on the resistance levels.
Wait for the price action near the resistance levels.
I do not recommend you to buy or sell the share, I just share my analysis with you guys.
Good luck🤞
Reliance - Bullish
Reliance trading above 200 SMA on Daily chart but major hurdle is 2342. Buy above this level to be sure.
11-14-23 9:32 AM
11-14-23 1:58 PM
Today's Important candles have been provided above.
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.
Call and put strategy on Muhurat TradingMuhurat Trading is auspicious for trader, at this time people rushes to buy stocks and market creates a huge bullish candle, and next day most people sells that stocks and market goes bearish...
You should buy on Muhurat and sell next day
Reliance - Triangular Breakout
Drawn is a triangle in daily chart of Reliance and visualize that the triangle has been completely filled up. 2319.9 is -360 degree angle means the new wave will start from this level.
Price swing level are
High 2423.05
78.60% 2380.4533
61.80% 2347.0129
50% 2323.525
38.20% 2300.0371
23.60% 2270.9758
11.80% 2242.461489
Low 2224
Trade with confidence.
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 Sale Sale Sale..Hey Guys my Views On reliance
Right now reliance is having low volume from days
Maybe this is the sign of some next big wave?
Currently the lows reliance will make to 2252 maybe next week
as macd diverging to sell area it need to wait
last break out was weak no volume thats why it was invalidated and sellers captured the market.
if reliance break bellow 2160 we might see more down movement till 1890
Adios amigos
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
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.
