RELIANCE LOOKS WEAKReliance has broken the upward trend line and looks we are going to see down levels in coming sessions. Sell @ 2600 - 2610 with the SL of 2650. To motivate us, Please like the idea If you agree with the analysis. Happy Trading! InvestPro India Team Shortby InvestPro_India9
Mota bhai-Inverse head and shoulderReliance could move towards 2800-3000 levels upon break of inverse head and shoulder pattern on daily time frame. This could correct for a few days to about 2550 levels but it should not close below that level.Nifty is at all time high and this has highest weight on the index so can correct for few days. If trades below 2550 on DCB then the trade should be closed. Keep a close watch on the price action. Few stocks to lead next rally could be Reliance, HDFC Bank, Kotak Bank and some of the IT names.Longby Chartworld14
RelianceReliance -RIL - facing confluence of resistance. Windfall tax causing damage? Will it break below 2500? Shortby Nifty-OptionIdeas1
Reliance case studyPrice action study on reliance 240 mins chart, from last 2 trading sessions counter is giving weak signals, rally started around 2300 levels in counter to level of 2640 counter is trading in ascending parallel channel structure and maintaining its posture around higher end of the structure,, now in last 2 sessions counter is giving reversal signals, bearish divergence on RSI with respect to price, resistance of major descending parallel channel around 2640 RSI indicator have already given breakdown from ascending trend line support, Now onwards any rally till levels of 2620-2630 should be used to exit your long position, view gets negated above 2671 levels on daiy closing basis, which means fresh investments only above 2671 levels, down side on counter breaks levels of 2583 decisively, counter will face heat of selling pressure which would lead to lower levels of 2520-2490-2450,, Time to be cautious on your investments in this counter, fresh investor should wait for counter to break above 2671 levels or retrace till 2450 levels than enter the trade. Choice is yours. by RUDRA007333
#RELIANCETarget 2620 based on shunted rise Opens higher within the candle body by krishnakhannaUpdated 2
Reliance Weekly & Daily Chart Reliance Weekly & Daily Chart ,Bullish Setup ,With Trendline and channels .Longby WinningBlueprints1
Reliance BullishReliance is out of the trend line on positive side. Look for a retest and move up side. If market opens positive, then may not retest. Longby firkovikna3
RELIANCE FALLING WEDGE PANNELReliance support 2600 round levels but you look falling wedge pannel create sell monday session by vk4473761
Reliance support and resistance Lable on my point of view Reliance support and resistance Lable on my point of view by BasantaVlogs1
Reliance Ind. next week According to chart if stock brake 2636 and 2676 resistance then it will go for 2780+.by VasuDev7772214
Relience Short term Swing trade with rising wedge pattern...here is the chart which is explaining us the pattern named rising wedge and it already had given us a good breakout with some good volume and also retested it's trendline in lower time frames.so here we can go short if it gives us a move towards downside......Shortby rahulnkm119
Reliance is looking good post a small retracementNSE:RELIANCE can give breakout post it's small retracement. Longby gauravcs4u0
INSIDE BAR STRATEGYAn “inside bar” pattern is a two-bar price action trading strategy in which the inside bar is smaller and within the high to low range of the prior bar, i.e. the high is lower than the previous bar’s high, and the low is higher than the previous bar’s low. Its relative position can be at the top, the middle or the bottom of the prior bar. So now come to the theory of inside bar of how to take trade is The classic entry for an inside bar signal is to place a buy stop or sell stop at the high or low of the mother bar, and then when price breakouts above or below the mother bar, your entry order is filled. It’s worth noting that these are the ‘classic’ or standard entry and stop loss placements for an inside bar setup, in the end, experienced traders may decide on other entries or stop loss placements as they see fit. Stop loss placement is typically at the opposite end of the mother bar, or it can be placed near the mother bar halfway point (50% level), typically if the mother bar is larger than average. So I am sharing the entry and the Stop loss through the pictures I am sharing below. Educationby AMIT-RAJAN2213
reliance analysisreliance trend line formation price touches again demand zone and forming green candle if it goes up from here it will again test that trend line, over trend line watch for breakout, upside rally after breakoutLongby ProfitPicksUpdated 9
Reliance to reach 2800, will it break all time high? Reliance has broken channel and pattern. Formed Bullish #Headandshoulder pattern Will it help to break Nifty consolidation zone? Head height giving Rs 250 price range. Buy #Reliance Above 2611 SL 2510 T1: 2710 T2: 2810Longby pramodchoudhari21
Reliance Breaks Its DownfallReliance has broken past its long term bearish trendline after taking support from its short term bullish trendline on above average volume. 50EMA has crossed 200EMA giving a golden cross. Targets can be take at T1 and T2 Stop loss below the most recent candle Keep It Simpleby Krish_Kohal1
Reliance about to break trendlineReliance tried to break this trendline twice but failed, But this time it will break and reach the following 2650,2700,2750,2800,2850,2900 targets this month. Longby Rajeshaprince1
Reliance TrendReliance is following this channel and it looks like the trends is moving towards up, one can take position when it reach the support aiming bigger profits in the long runLongby udhaya0000Updated 3
Reliance a target of 3100 coming in few months!A very nice descending channel i NSE:RELIANCE nside a paralell channel. If it doesn't take one leg down, Im pretty sure it'll give a nice breakout heading towards 3100!!Longby rahul93bhagat1
RELINCE- KING HAS AWAKENED~Broken trend line. ~Taking support on 20 w ema line. ~It can move up after the consolidation.Longby Deva1110
Reliance Analysis (Short Term)Reliance Analysis (Short Term) If Price Sustained above 2590, more Upside Possible and Target is 2650/2660 If Price breaks 2508, more Downside and target is 2465/2452.Longby n99tradesUpdated 3