Harmonic Reversal pattern Reliance (31/08/23)I'm mentioning the prz zone do u r own analysis and tarde this is only education purpose..
Thank u
RIGD trade ideas
Reliance in 15 minute TFIntraday levels for tommorow 001/09/23
Just for educational purpose
RELIANCE :
Strong Above : 2410
Weak Blow : 2400
Mom Dad suport 2380 only for pull backHighest waittege in index, if market want pull back, it's bast buy
Stoploss 2380
RELIANCE INDUSTRIES ---INTRADAY SETUP -- 30/08/2023 RELAINCE IND-- INTRADAY SETUP ---15 MIN CHART -- -30/08/2023
1. intraday buy --ENTRY Above 2425 TARGET 2450- 2475 stop loss bellow 2400
2. Support --resistance mention in chart
3. RSI pullback above oversold line 15 MIN CHART
** THIS IDEA IS FOR EDUCATIONAL PURPOSE
trade at own risk !!
HAPPY TRADING <!!
RELIANCE - RSI Divergence?I am trying to learn RSI divergence and from what I have learnt so far; that yesterday's (Aug 28) low and low on Jul 10 were at sample price line (around 2426). But the RSI are entirely different.
I averaged few more stocks yesterday expecting the price reversal because the RSI also is indicating oversold + price close below lower BB :)
Anyone has any idea how to read this? or I am using RSI entirely wrong?
NSE:RELIANCE
Reliance End Game Hello Friends,
Reliance once known for returns have underperformed the Overall market besides the Nifty and Sensex touched their life time high.
If you can check the Chart of Reliance in July month between 19th to 24th Reliance lost almost 400 rs from its high of 2850 Plus to 2450.
Conclusion - The short which are visible on the chart for the particular dates are huge. We don't often see such selling pressure in Reliance.
Trade - Put of 2200 ( 2200 PE )looks very attractive.
Only 1300 rs capital for one lot.
Reason - Nifty is not able to hold above 19000 for long.
The short between 19 to 24 July are indicating something is happening.
Disclaimer - Registered with SEBI .
RelianceWe can expect upto 2600 in upcoming days, it's took support now so we expect good rally in coming days
Reliance 2419.95 crucial factor
Daily Chart - Reliance Daily Chart
Two Parallel lines in white have been drawn. Above the upper white line all the distribution has been done. The left most green candle just above lower white line is the crucial candle where previous swing started at 2419.95. If that is not broken means new higher swing coming up. If broken, gives a huge short opportunity.
Wait and watch.
Just for educational purposes. I am not a SEBI Registered Analyst, please consult your financial advisor before investing.
Reliance look negetive reliance lokking neg after agm also its very near its brake down point let see how it react
THE IDEA FOR RELIANCE INDS.Reliance Inds just on the support if break and sustain than we see a speed
Bullish Support Alert!
📊 Pattern: Law of Polarity
📌 Symbol/Asset: Reliance
🔍 Description: At Support Level, if sustain above support, good upside expected.
👉 Remember: Technical patterns are just one piece of the puzzle. Consider conducting further research, consulting with a financial advisor, and managing your risks appropriately.
Reliance Ind - Key Support LevelThe stock has a great support level between 2480 and 2455.
If that level breaks..the stock could fall upto 2320.
Would keep a 2% stoploss above the key breakdown level.
If RIL & HDFC Bank fall..its going to make the Nifty break the 50EMA..at this point small & midcaps will start showing greater weakness than they have until now.
High Probability but Poor Risk to Reward RatioThis is my trading journal, not a trade recommendation. Idea presented only for educational purposes for me and others who want to benefit from my experience.
Risk to reward ratio is poor, but probability is very high.
DISCLAIMER:
Trading in the stocks market or futures markets is on e of the riskiest forms of investments available in the financial markets and suitable for sophisticated individuals and institutions. The possibility exists that you could sustain a substantial loss of funds and therefore you should not invest money that you cannot afford to lose. Nothing in this analysis is a recommendation to buy or sell stocks or futures and I shall not be liable for any loss or damage, including without limitation, any loss of profit, which may arise directly or indirectly from the use of this analysis or reliance on such information. Consult your financial advisor prior to investing is stock market.
This is one person’s experience, your experience may differ. Past performance is not guarantee of future gains.
reliance Reliance manking HNS below 2500 1 hr candle sustain then short donot make advance position this is advance view
Note :- I am not a SEBI registerd
Reliance Industries Nearing MAAfter short period to touch the ATH, NSE:RELIANCE is back to main trend line maintaining healthy MA Band (40, 50, 100, 200).
Waiting for cup handle breakout which potential target +6.5% (2812).
Long-term target 3218.5
RELIANCE - THE TREND SETTER?? ♠︎Hello Pivster's ★
We see a beautiful chart of (Pivot-Points + Price-Action) on the street favourite and most watched stock by the bulls to provide them a power booster for the coming sessions if required.
NSE:RELIANCE has off-late been in news for one of it's business subsidiary "JIO Financial"s stock market debut in the coming month.
➖ What can we expect further from Motabhai's company in the upcoming session ↘︎
📍One of the main X-factor for this Oil & Gas giant up-move is declining Crude Oil prices which makes the scenario beneficial for all the OMC companies as a whole.
• As seen in the chart with the applied Monthly Pivot Points, it is very clear of a strong confluence at a major support level with the ML3 cam level 2460-2475.
• Here the responsive buyers in the broader TF took the price above the Monthly CPR which in terms of price-action is a triangular breakout pattern.
But, wait do we see NSE:RELIANCE contributing approx. 25% of the previous session NSE:NIFTY 's upmove along with IT and FMCG sector as the script alone was up by 2.25% in the previous trading session 🤓
Keeping the above factors and pointers in mind we can expect bulls to take help of NSE:RELIANCE to break through the major seller's resistance zone and can act as a catalyst for the upcoming sessions.
Lastly, if you liked it and found useful share it everywhere with your fellow-traders/friends/family etc... 🫶
Regards,
Mukkull
The Order has imposed a redemption fine and penalty on the CompaThe Order has imposed a redemption fine and penalty on the Company and its executives aggregating to ₹35 crore (approximately).
The Order has been passed on the basis that the Company has discharged a lesser custom duty by wrong classification of goods imported by it in 2016.
Will Jio make it to the next Fibo levelThe momentum seems to take RELIANCE to ₹3000 with 5G being deployed PAN India.
#Reliance #Reliance is in positive mood .. break out in Reliance is above 2560 15min candle closing bases
buy future either buy 2600ce for the target of 2600 or 2620
Note i am not a sebi register this is only my view ......
View on Reliancereliance , Cmp 2547.15
its seems like ready to move up for 2850 with sl placed at 2480 , 2625 will act as a make or break level
