Reliance BuyAs shown in the Reliance has completed Wave 1 of higher degree and Retraced almost 61.8% of wave 1...Therefore it is good opportunity to accumulate the stock on every dip from here till it holds 2313...
RIGD trade ideas
Reliance Good Buy (Short Term)Reliance is excellent buy at cmp 2525.....Please see the trend line chart before buying.....I feel in couple of days it will either break down or break out (Ascending pattern)...Target 2665 + by next week.....
Reliance near it's last two month support.Currently Reliance is near it's two month support and nifty is in downtrend, just wait and watch for any big move . Alert for swing and positional traders.
Happy Trading friends!
RELIANCE showed 2 good candles for the last 2 consecutive daysNSE:RELIANCE has been making two good bullish candles for the last 2 days. If it crosses 2650 then we can easily see 2750 but it should not breakdown it's 2550-2500 levels.
RELIANCE - Looking good for a rally Reliance - looking for an up move from here. 2600 is the level to watch out for. It should not break the level.
Reliance can move upside(trend)Hi to all
this is my fourth prediction.
i found several patterns in reliance chart.
but the cup and handle seems to be valid one.
reliance broken from handle, but from opposite side view
from the recent fall(2855) there is retrace upto (2753)78.6%
so i suggest
1.) using 2565 as stop loss and take entry for 3075.
or
2.)
using 2701.03 as stop loss and take entry after 2755.40 (opening & closing by day candle )
towards the target 3075.
(stratergy :use roll over for every month future expiry . )
i am open to any suggestion.please post your suggestion or comments.
please analyzefrom your end to take entry.
Reliance touches the extention.Yesterday I had published the chart of reliance.
It had touched intermediate line
and bounced to take out uml to touch the extention line.
I think this post must have helped.
don't forget to like this post.
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Reliance closes above 20 hmaplease how it plays nucely with in the pitchfork.
its decline has been arrested with its close above 20 period hourly moving average,
next target is the uml of the pitchfork.
and if it moves beyond uml other lines are the targets
please go through my earlier posts of reliance.
published earlier in trading view.
RELIANCE ELLIOTT WAVE FORECASTBSE:RELIANCE
Long term Elliott wave Forecast
Wave 3 Bull market long way to go.
18th DEC Reliance Industries Ltd. Buy or SaleAs Previous Tread Seen Very Good Profit Booking in Reliance. Continue to your Support for More trade
Go Short
Below 2560
Target: 2540-2520
SL: 2572
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16th DEC Reliance Industries Ltd. Buy or SaleCMP: 2578
Reliance Industries Ltd is India`s largest private sector enterprise, with businesses in the energy and materials value chain.The company works under different business segments:Exploration and Production,Petroleum Refining and Marketing,Petrochemicals,Textiles and Retail.
Reliance currant given breck out Strong Support
Sale Below 2585 Must See Bearish Candle.
Target : 2560-2540
SL: 2595
If Learn How to Analysis and Candle reading follow us. also give your feedback.
Reliance Stock Analysis (Intraday)Reliance (Intraday).
Reliance stock if sustains above 2633, more upside possible and targets are 2670/2690.
Logic: Price stopped making lower lows and breaks Hourly trendline. Good Risk to Reward(2.25). Targets taken from 0.5 & 0.618 of Half bat pattern .
Reliance touches the Trend SupportRelaince
The price has come to the support level of the trend line. expecting an up movement
short reliance till 2609 on 14 December 2022reliance showed rejection from resistance short from 2621 till 2609
Reliance..............Reliance a good buy above 2622, targets have been mentioned on the chart.
Reason:
1. 0.38 Fib level.
2. Above 2622 there would be hourly trend change signal.
3. Uptrend to sideways on HTF
RELIANCE COMING IN BUY ZONEReliance gave a great move from 2500 level towards 2750 and again retracting towards demand zone, go long for marked targets on the chart until 2500 is intact on the down side.
To motivate us, Please like the idea If you agree with the analysis.
Happy Trading!
InvestPro India Team
RELIANCE ascending triangle pattern Buy above 2800 level in reliance brake the level
Of 2750 to 2800
Bid/Offer: The Yin and Yang of Stock PricesRead the first part of this post at the link: How is the share price formed on the stock exchange? We do it
So at what price and what volume will the deal eventually be made?
To understand this, let's go back to the "price" parameter of the order.
When a buyer placed an order "to buy 25 lots at $115 a share", the exchange takes it as "to buy 25 lots at a price not more than $115 a share". That is the purchase price can be less than the price stated in the order, but not more.
And when the seller earlier submitted an order "to sell 20 lots at $110 a share", the exchange takes it as "to sell 20 lots at a price not less than $110 a share". That is, it is possible to sell at a price higher than that specified in the order, but not less.
Once again: buyers always put orders "buy at no more than such-and-such a price", and sellers always put orders "sell at no less than such-and-such a price".
So, we return to the situation with the crossing of prices. When the exchange detects a crossover, it begins to execute the order that has caused this crossover. In our case, it is an order for 25 lots at $115 per share. This order kind of "eats up" all sell orders that are on the way to the price of $115 (that is, everything cheaper than $115), until it reaches 25 lots.
Which orders were "eaten up" in our case? One single order to sell is 20 lots at $110 per share.
What was "eaten" is recorded as a buy and sell trade in what's called a tape. It's similar to the way a cash register punches a check with a price. The record looks like this:
FB $110 20 lots
However, we have a remainder after the trade is 5 lots, the remainder of those 25 at a price of $115. Since at this price (or lower) nothing can be "eaten", the order remains in the left page of the book until a suitable offer.
Let's see how the FB order book looks now, after the deal is done:
Let me note again that all orders in the book are sorted in descending order from top to bottom.
The concept of "book" is very useful for understanding how the exchange price is formed. In the past, when there were no electronic trading systems, there were so-called floor brokers, who used to collect and record prices and volumes of orders in a real book. Nowadays you may encounter alternative terms like Depth of Market (DOM), Level II, but they are all identical to the notion of an "order book".
The orders to buy that we see in the order book are called "bids", and the orders to sell are called "offers". So, in our order book there are two bids and no offers. All bids and offers are called "limit orders" because they have a price limit.
But there's also a type of order that we will never see in the book. Why? I'll tell you in the next post.
Reliance - Trendline ViewThe connecting trendlines are as shown on the chart.
The buy price is above 2700 on Daily close basis.
Keep a watch on this and the big show is ready for a run.
Let me know your thoughts in the comments section.
Bullish opportunity in RelianceStudy:
1. Head and shoulder pattern breakout in Daily chart.
2. Resistant zone breakout level being tested in daily chart.
3. Trend line breakout with good volume in daily chart.
4. Bullish engulfing pattern formed in hourly chart.
Targets and SL's are shown on chart
