RIGD trade ideas
Reliance breakout for 3500Reliance breakout confirm looking good for 3500, with HDFC bank also looking hot. Nifty poised for 25K.
RELIANCE break out after 3-4 monthRELIANCE break out level is 3031 and sustained above that level.
target 1 - 3300
SL - 2980
follow risk reward.
Disclaimer -
videos, presentations, and writing are only for educational purposes and are not intended for investment advice. I can't promise the accuracy of any information provided. please consult with your financial advisor.
Head and shoulder in Reliance Industries.Major support levels :- 2575, 2550, 2531
Resistance:- 2600, 2620
If it takes out the upper level of 2620 and closes above it on weekly chart, it can give nice up move. Positional stock or stock future trades can be initiated.
Intraday trades can be taken on both the side. Bearish trade for an intraday trade can be initiated on the breakdown of the H&S pattern on the hourly candle close.
Wait for the price action near the levels before trading.
Flag pattern BreakoutReliance has given a flag pattern breakout on the weekly chart. This technical pattern often indicates a continuation of the prior trend, suggesting a potential bullish movement. Keep an eye on the stock for further upward momentum following this breakout.
RELIANCE WEEKLY UPDATE Hello Traders.
We have seen that Reliance has been entered into a New territory & from now onwards the brand new move has started.
Strongly Bulls has closes the reliance above 3000 levels.
Plan your trades on pullback in Daily Time Frame.
Thank you
RELIANCE F&P BREAKOUT WCBRELIANCE breaking f&pPattern
weekly basis good volume
good rsi macd crossover
#target 3000
EDUCATIONAL IDEA
Reliance Industries: The Mukesh Ambani of Stocks Attention, traders! Buckle up, because Reliance Industries Limited is ready to take off like a rocket ship to the moon! 🚀📈 We’ve spotted some exciting price action and technical patterns that you won't want to miss. Let’s dive into the details.
I. Price Action Overview
Chart Analysis
Current Price: ₹3,061.10
Daily High: ₹3,075.00
Daily Low: ₹3,012.00
Volume: 14.192M
II. Key Technical Indicators
Bullish Flag Pattern: RIL is climbing faster than Antilia's elevator during a power outage. The chart clearly shows a bullish flag pattern, a classic continuation pattern indicating potential upward movement.
Breakout Confirmation: We've seen a solid breakout from the flag pattern, signaling a potential rally.
Volume Breakout: Trading volume is higher than the number of JioMart deliveries on a Sunday. This suggests strong conviction in the move. Accompanying the price breakout, there's a significant increase in volume, further confirming the bullish momentum.
III. Trading Idea:
For the brave Ambani-wannabes out there, riding this uptrend could be more thrilling than a Bollywood blockbuster. But remember, timing the market is as tricky as navigating Mumbai traffic during monsoon!
Price Targets and Support Levels
Immediate Resistance: ₹3,100.00 - This is the next level to watch. A break above this could open the doors to higher levels.
Support Levels:
Primary Support: ₹2,800.00 - A key level to hold for maintaining the bullish outlook.
Secondary Support: ₹2,559.25 - This is a more conservative support level, aligning with previous consolidation areas.
IV. Risks:
If this rally loses steam, the stock could drop faster than your data speed when you run out of Jio balance. Keep an eye on oil prices and telecom regulations, and be ready to book profits quicker than you can say "Jio Dhan Dhana Dhan".
V. Final Thoughts:
Reliance Industries is flexing its muscles like Mukesh Ambani at an AGM. Will it continue to dominate the market like it dominates your phone bill, or will it take a breather? Only time will tell, but one thing's for sure – this stock is more diverse than the menu at a 5-star hotel buffet!
Disclaimer: This analysis is about as guaranteed as a glitch-free day on the MyJio app. Always do your own research and consult a financial advisor before making investment decisions. Happy trading, and may your profits be as hefty as Reliance's market cap! 💼
Reliance Big Move AheadHey Family, there is a one more stock Which is showing a great opportunity.
Key Points:-
* Forming Ascending Triangle Pattern in daily TF.
* From Jan 2024 to June 2024 Moving in a 200-300 Points range.
* From Mar 2024 to June 2024 Tested Resistance Many times.
* It's Already Break resistance Zone and trying to Sustain Above Resistance Zone and follow up buying is coming.
* Volume Accumulation (Volume is Rising).
What is your view please comment it down and also boost the idea this help to motivate us. We are Certified. All views shared on this channel are my personal opinion and is shared for educational purpose and should not be considered advise of any nature. Minor Retest is Possible after big move.
Reliance IndustriesThis is educational purpose only, consisting of Stock market views based on price action,
Elliott Wave & Fibonacci. Views expressed here are not for investors/traders.
Do your own due diligence before investing/trading.
Breakout in Reliance We can see a breakout. Important support marked in case we get re test of breakout levels
Breakout soon in RILDarvas box breakout setup
RSI above 65 and rising
Trading above EMA50
Volume increasing
~5 months of consolidation
Disc: for study, not a recommendation
Reliance Industries Ltd:- Right-Angled and Descending BroadeningReliance Industries Ltd:- Right-Angled and Descending Broadening Formations
11 to 17% Upside potential
Levels mentioned on chart & given targets seems achievable.
Plan your trade accordingly.
Views are for ‘’EDUCATIONAL PURPOSE ONLY’’,trade at your own risk.
"Trade what you see, Not what You Think"
Happy Trading(:)
RELIANCE BULLISH BREAKOUTIts a bullish breakout of up flag. breakout is happened after a good consolidation with huge volume.
Reliance today buy given at 2890-92 we grt huge profit Disclaimer -
This information is only for educational purposes, this is not for any buy or sell recommendations .
On Our Harmonic pattern indicator
based trade setup take trade as explained below :-
ENTRY -
When price breaks 30% retracement Which is D points then take Entry on Buy or Sell Trade
SL -
SL is (-3%) Which is mentioned in Chart . our SL is just above or below of Recent high or Low .
TARGET -
Target 1- (T1 : 61.8 %)
Target 2- (T2 : 88.6 %)
Target 3- (T3 : 127.2 %)
Target 4- (T4 : 161.8 %)
Please note:-
It's working on news based and volitile market very well so exit if SL hit
ATH_RELIANCE Today (26-06-2024) Reliance stock is closed at ATH and looking for some upside momentum.
Positive Note:- 1) Stock closed @ ATH today.
2) Stock closed With Bullish Engulfing Candle @ Monthly open which is acting as support.
3) Indian Indices Nifty 50 is also closed Higher today.
4) Still Now Large cap (Reliance) stocks have not contributed much to Nifty 50, Now If
Reliance stock gives contribution to Index and Index Will reach to ATH again.
Negative Note:- 1) Premiums are high for Coming Month July_2024.
2) Wait for pullback and Take opportunity in F & O.
Happy Trading!! Only for Educational purpose.
Breakout After 5 Months of Consolidation With Strong Volume ✅ The stock has consolidated for 5 months before breaking out, signaling the end of the consolidation phase and the potential for a strong upward move.
✅ The breakout has occurred above a key resistance level around 3020-3040, which was tested multiple times. The ascending trendline and the horizontal support level converge, providing strong support around the 2600-2700 range.
✅ The stock is trading above key moving averages (not shown but assumed based on typical analysis), indicating bullish momentum.
✅ The breakout is accompanied by strong volume, confirming the bullish sentiment and the likelihood of sustained upward
✅Reliance Industries has been actively diversifying and expanding its business portfolio, including significant investments in renewable energy, retail, and digital services. These initiatives are expected to drive long-term growth and reduce dependence on traditional petrochemical revenues.
✅The company's financials remain robust, with strong revenue growth, healthy profit margins, and manageable debt levels. Key financial ratios, such as P/E and ROE, indicate that Reliance Industries is well-positioned for future growth.
✅The energy sector, particularly the renewable segment, is witnessing strong growth, driven by global sustainability trends and government policies. Reliance's strategic shift towards green energy projects positions it favorably in this evolving market.
✅As one of India's largest conglomerates, Reliance Industries' performance is closely tied to the broader economic environment. Positive macroeconomic indicators and supportive government policies are likely to benefit the company's growth prospects.
BTST for 27/6huge upmove on a trending stock with 50% fibretrace bounce up, huge volume accumulation
break above 3Kthe stock is at channel and fib resistance. The break of the 3000 zone will take it to 3500 and 3800.
#Reliance Industries Stock Trading Important levelsOn 1 Hour Timeframe, Reliance Industries stock trading important levels. Time to wait for either breakout or Breakdown (reversal) for the Reliance Industries.
Breakdown Move
- Confirmation for breakdown will be if Relinace industries stock starts trading and sustain below 2956 level
- Downside rally nearly 50-60 points expected in case of breakdown
- Intermediate support expected near 2927- level
- Short Trader can place there stop loss if Reliance Industries Stock starts trading above 2973+ level
Breakout move
- Long side movement expected in case Reliance Industries Stock starts trading and sustain above 2973+ level
- Above this level Reliance Industries Stock can go upto the 3236+ level.
- Intermediate resistance expected near 3145+ level
- Long trader can place there stop loss if Reliance Industries Stock starts trading below 2956- level.
VIEW ON RELIANCE INDGood chart
After crossing 3030 levels 3200 and 3400 levels are also possible
Stop loss around 2900
I am just representing my views
For educational purpose only.
RELIANCE Weekly Update 15/JUN/24Hello Traders.
Is it that Reliance indicating a One sided move with trendline shifted up higher.
The Patience guy is About to lose the patience & cares about no one.
The big move is on the way once the Range has been Breaked & one of the major role player in NIFTY volatility in Future.
Let it break out of 3000 rs levels & planned the entries on daily chart.
HAPPY TRADING
Reliance weekly update 07/JUN/24Reason I choose RELIANCE TO trade beacuse of its huge weitage. Huge Weitage stocks to be considered the less volatile & safe instrument to Trade.
As RELIANCE is trading in the Range from Few Weeks, Do not plan to execute orders below the 3050 Levels.
If the WEEKLY CHART crossed above the level then only I will plan my trade in RELIANCE.
MONTHLY RSI > 60.
WEEKLY RSI < 60.
Once the 60 levels crossed in RSI on WEEKLY BASIS then will try to Create. POSITIONS on DAILY CHART.
An RSI HIDDEN BULLISH DIVERGENCE ( Positive reverse Divergence ) is Printed on Weekly Charts.
Seems to be the Consolidation to be over & Fresh breakout to likely happen m SOON.
Till then Enjoy the Back Seat Game.
WAIT & WATCH & REPEAT.
HAPPY TRADING
