RELIANCERELIANCE looking good after breakout of supply zone we can go for long.
wait for candle close.
NOTE- Only for Education Purpose.
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$NSE:RELIANCE Looks bullish for Mon 16th, but follow strict stopNSE:RELIANCE Looks bullish for Mon 16th, but follow strict stop loss.
Ignore if huge gap down or gap up.
Disclaimer:
This is not a financial, investment or trade advice. Its only for educational purpose.
$NSE:RELIANCE Looking bullish for tomorrow, but follow strict stNSE:RELIANCE Looking bullish for tomorrow, but follow strict stop loss.
Disclaimer:
This is not a financial, investment or trade advice. Its only for educational purpose.
$NSE:RELIANCE Looking bullish, but follow strict stop lossNSE:RELIANCE Looking bullish, but follow strict stop loss
Disclaimer:
This is not a financial, investment or trade advice. Its only for educational purpose.
RELIANCE It will take support area as 2465 or trend line 1 to 2 months it will go upside movement is there.
As per me.
and as per you which movement is expected.
but it will make the head and holder pattern made, look like a fall position.
let's see what will give and stop loss will be trend line and support.
I'M EXPECTING FALL, BELOW TREND LINE BIG FALL.
Will Reliance complete its ABCD pattern?Will it take support around the historical peak, or will it complete the ABCD pattern?
On the daily chart, we can observe that Reliance is attempting to find support at its previous peak after undergoing a significant correction from its high of 2621. A decisive drop below the historical swing high, which is located at 2339, could potentially trigger a further correction in the stock price. This correction might eventually lead the stock towards a potential reversal zone ranging from 2287 to 2253.
RIL - Short tradeWith GRM's at a multi year low and export taxes..expect headwinds in the company.
Short below 2338 with SL abovee 2350.
Reliance Buy Call By Big Bull 🤑🤑👑💸👑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.
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Reliance - Sideways
Its bound in the ellipse. Next two candles will decide the fate. Levels have already been given in earlier discussion.
Reliance- Elliot Wave
Presenting here is the Elliot Wave structure of Reliance. For the purpose of ease of understanding I have drawn only the main motive waves and in between skipped small counter waves in ABC.
Now, it closed above 2293 making a low of just .1 below the closing of 4th September.
Going further, this could be the point of reversal in Reliance or worst cum worst it is the white horizontal line at 2270.25. So, please wait and watch for an hour or so after opening of the market and previously mark high and low of candle mentioned yesterday i.e. 2:05 p.m and buy above that only. Today market may remain quite and sideways and from tomorrow trend reversal can be seen. Important candle going further up is 10-12-23 12:53 PM
Mean while, Better would be to check that weekly high is 2317.3, which has been broken, let it regain that.
Thank you.
Reliance#Reliance #priceaction #trading
Reliance reaching it's important Junction - 2237 Levels. Expecting bounce from here.
Breakout of weekly uptrend line, if it's happens it will reach next support and Nifty also get impact.
Reliance update and 2:05 Candle today
I have tried to explain in pictorial way how the things are likely to move in different coloured triangles in case of this stock and a partition has been done with red vertical line. Please mark high and low of candle of 2:05 in five minutes chart. Then comment later on.
Thank you
RELIANCE CONFLUENCE SUPPORT ZONERELIANCE is at a confluence support zone and can be a good opportunity for a long trade. Stock has a valid support of 200 DMA and previous breakout zone, so a long trade can be initiated with a minimal stop loss. Entries can be made on show of strength (Strong wide range daily candle with good volumes) or above 2,380 for safer players. Stop loss should be a candle close below 2,260. Targets can be 2,600+ & all time highs
Reliance - Update
Reliance is stuck up in a rectangle formed between 2333 and 2318. 2303 is a crucial support for Reliance. Mark high of 12.05 P M Candle of 5th October 2023 and buy only when high of that candle is broken. Don't be in haste. Further mark candle of 2:01 p.m. on 9th October 2023 which is going to dictate the future. Please refer to my earlier discussion on the stock. Link provided. Levels - Last low 2312.05
Sell Below and levels 2288.07 2264.21 2240.48 2216.88
Buy above and levels 2318.06 2324.08 2336.15 2360.38 2384.73 2409.21
#Relaince#Crude Oil - Looking Bullish.
# Candle- Bullish Candle
# Volumes - Above average
# EMAs - all up
# Chart Pattern - H&S
# DIV - NA
# RSI - Buy
Reliance - Very Bullish
Levels have been marked on the chart. Please mark high and low of 9:59 candle of 4th October 2023 and buy above that only. Pricewise, 2333 is the most crucial factor.
Reliance - Fully Bullish
Reliance is ready to come out of the clutches of bearishness. But, please wait for the levels to come and adhere to the dates mentioned in the charts. Patience pays. Levels for today are marked here:
Yesterday's Volume: 5143193 Average Volume 885240
Last Close: 2295.1.
Sell Below and Targets 2271.2 2247.4 2223.8 2200.2
Buy above and Targets 2301.1 2307.1 2319.1 2343.26 2367.53 2391.9
I am not a SEBI Registered Analyst and it is only for Educational Purposes. Please consult your financial advisor before making any decision,
Reliance might finally give "Real Breakout"After the swift rally following the covid lows, reliance gained 200% within 1.5 years.
And since then price went sideways. In past 2 years, reliance has given 0% return to those who bought at the top, or to anyone who bought in the range.
This might change in coming period, and we can finally see Reliance making proper breakout, not the fake ones its been making over the past 2 years.
The reason I believe so is because valuations have come to more reasonable level, seen during the covid period lows, not extreme undervaluation but more within the long term range.
And with all the future enthusiasm there is about the business prospects of Reliance. I can easily see the upside coming in.
Valuations are now in the range of 24-25x, down from overvaluation of 36-37x where it topped.
So, yeah, things are falling in place for Reliance to lead once again.
WATCH OUT THE NEXT BREAKOUT. IT MIGHT BE THE REAL ONE.
Short reliance for 01-10-2020In last one hour reliance had breakdown the bullish trend line and also the current price is below 50 day moving average. So it is a sign of downside
Reliance - Live Market Analysis
Reliance is still bearish, but showing signs of getting bullish. Marked are the levels on 1H Chart. Please wait till 12:05 Candle at least. Better would be to wait till the close of 12:15 Candle. I would suggest not to take delivery of any stock and wait till 4th, because there is long week end off.
Reliance industries analysisCurrently it is in sideways and near the rejection.
IF the triangle is broken then trend can be disceded
