On Our Harmonic pattern indicator based trade setup take trade as explained below :-
Early trades Buy or sell below/ above 23.6 %, safe trades buy or sell above / below 41% , after taking trade next upside or downside levels will be target ,
When reverse buy or sell signal appear then book profit on Target or trail SL to 23.6 % If trailing SL hit then early...
Price is testing the trend line now. Nearest resistance is at 2960 zone. Price have to break it with volume to continue the uptrend.
Buy above 2945 with the stop loss of 2930 for the targets 2959, 2978, 2996 and 3012.
Sell below 2906 with the stop loss of 2920 for the targets 2886, 2871 and 2852.
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Reliance Industries is making continuous Higher-Highs on higher timeframes. So it is very obvious that we can see a new ATH above 3050 (exact current ATH is 3025, but we are taking some buffer as it is one of the most manipulated high beta stock). Target is calculated using the ABCD pattern of Harmonics. Once price tries to break the current ATH, shift to 15 min...
Daily chart.
Detection of a double TOP, with height reporting.
The target would be the 50% Fibonacci.
Make up your mind before placing an order.
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Track Reliance above 2958 for Intraday today. Target is calculated using XABCD pattern of Harmonics. Entry can be made if a 1 min candle closes above 2958.50.
Please read the notes as mentioned on the chart.
Disclaimer: I am not a registered analyst with SEBI and it is only for educational purposes. Please consult your financial advisor before making any decision. I will not be responsible for any of your profits or losses.
I used S&D method and Fibonacci retracement tools to discover stock's reversed to previous levels to find probable support levels.
Ignore Gap Up Cancel the plan
Analysis:
Starting Point: Mentioned on the chart
Ending Point: Mentioned on the chart
Disclaimer: This is for educational purposes only. Conduct your own research and consider your risk tolerance...
A strong pole & flag formation is seen in Reliance.
A strong pole is characterised by the absence of retracements i.e.., resembling almost a straight line. Stock has consolidated in a flag formation & appears to be testing the resistance with HH, HL formation. Such tests high a high probability of a breakout to occur.
The trade consists of a RR of 1:2. But...
Reliance Industries Monthly Gann Angles Analysis...28 March 2024...
Levels and Angles marked on Monthy chart carry a lot of weightage...
Study them carefully and use it for decision making...
Level of 3039 seems very important on chart...
This could the next next game changer for it...
Gann 50% Rule at work....
Happy Trading !!!
N.B. Not a finanancial advice to...
NSE:RELIANCE
Fibonacci extension resistance at 1.618 level around 3035 level. If RIL closes above 3035 level on weekly basis then next target level at 2.618 Fibonacci extension level around 3686 level.
cmp 2565
sl 2340
target 2872 and 3274
reliance is near an all-time high...we are preempting a big breakout above 2630 weekly close for 2 weeks. also we can see rounding bottom too
Price was moving up steady by taking trend line support. Now it has broken it and consolidating.
Trend direction deciding zone is 2916 - 2924. Safe buy is to watch how the price is reacting at the zone and trade.
Buy above 2900 with the stop loss of 2886 for the targets 2916, 2936, 2952 and 2978.
Sell below 2870 with the stop loss of 2886 for the targets 2854,...
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