#RelianceReliance at a very crucial point. 2300-2200 Demand Zone. If price breaks below 2200 then price falling to 1900-1800 a possibility.
CMP below 200 EMA
Results during October Very crucial for direction
#Reliance #NSE
RIGD trade ideas
Reliance - Intraday Levels for 13 Oct 2022Reliance levels for Tomorrow..
Expectation : BULLISH but any breakout below CPR downtrend will start
Refer the chart for detailed Intraday Support and Resistance levels.
Happy Trading!!
Reliance: Near Support level from Long term perspectiveReliance
We are looking at weekly chart of Reliance Industries
- Between July 2018 - May 2020, we observe Reliance trading in 3 red downtrend channel boxes of similar time horizon
- In June 2020 , we see Reliance giving a strong breakout above the red trendline
- thereafter we have seen Reliance trading in 2 parallel yellow boxes
Given the chart pattern,
Accumulate Reliance at current levels and on dips towards 2240
Target 3500 odd levels
Reward potential 50%
Pattern gets invalidated if it closes below the red trendline on a weekly closing basis
Risk 5%
Risk::Reward ratio looks good to go long from medium to long term perspective
Take care & safe trading....!!!
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Disclaimer
- The view expressed here is my personal view
- Past performance is not a guarantee for future predictions
- I have been wrong in the past and can be wrong again in future too
- Use this for educational purpose
- Any decision you take, you need to take responsibility for the same
- It's your hard earned money. Treat it wisely
- Trade / Invest keeping in mind your trading style, goals and objectives, time horizon & risk tolerance
- if trading in F&O, understand that F&O trading involves risk
- Do take proper risk management measures
- Do your own analysis and consult your financial adviser if need be
Reliance coming weekReliance is currently on weekly TF taking support from SSB with target upto Kijen-sen.
At 2500, purple shaded box- there exists a number of resistance
Weekly Kijun,EMA-20, Senkou span A resistance,
Daily Senkouspan B, Chikou-Kijun resistance
H1 tom demark resistance
Probable movement
Market goes above 2440- chikou touches resistance and move to the bottom of trendline, takes support
Market rises again to 2496 and faces resistance and falls to senkou span B.
head and shoulder breakoutbuy=2432.65
target=2521.85
stoploss=2362.75
head and shoulder pattern breakout.
RIL : Wait & Watch
Good Day
Hello Traders,
Reliance Industries (RIL) had to defend the level 2368 as below it will be a downtrend as it a heavyweight so lot depends on it to drive Nifty to the
next level.
Chart self explanatory
However if you get any chance to grab it around 2150-2170 .Please grab it both hands as the reversal will quick and fast.
Time Frame : Daily
Disclaimer : I am not SEBI registered analyst, this is for educational purposes.
Please trade as per your risk and do consult with your financial advisor before taking any
trading decisions..
If you really like the analysis , please do comments, LIKE and Follow me.
#KASH POSITIONAL STOCKThe stock Reliance is moving in an ascending channel pattern and it has shown support at bottom of the channel pattern. RSI also showing at the support level and at a good level. So we can expect it will touch the upper trendline of the channel pattern in the coming weeks/months.
Please do your own study before any trade. I may be wrong at any point of time
RILRELIANCE
Monthly outlook
If the next demand breaks then there is a possibility for 1350 levels after a retrace towards 2450. Looking for confirmation entry in the 1300 levels.
Reliance Swing!Reliance is trading in its channel pattern if it breaks its upper trendline this can be a small swing to catch, if you want to take some more risk you can enter at today's weekly closing candle also with a small SL of 5%. Targets can be up to 20%.
Please do your own analysis and then only enter this trade.
Swing Trading in Reliance IndustriesPrice has bounced previously from the Bollinger Band & low RSI level. Target Mid level of the Bollinger Band to Top of the Band.
Reliance forming a penantFormation on daily charts, indicating a big move.
Either 600 points down or up
200 EMA actingg as a support..
#Reliance cash : Strong resistance @ 2402/2520#Reliance cash -Positiaonal call
02.10.2022
Looks good above 2402.10
Stoploss 2360
Target 2470-2480/2560
Cmp 2377.75
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// ═════════════════════════//
// ————————> INPUTS <————————— //
// ═════════════════════════//
Leftbars ——————————> Length of pivot highs and lows
Rightbars —————————> Length of pivot highs and lows
Price Cross Ema —————> Added condition
ATR LONG —————————> ATR stoploss trail for Long positions
ATR SHORT ————————> ATR stoploss trail for Short positions
RISK ————————————> Maximum Risk per trade for the day
The strategy was back-tested on RELIANCE ,the input values and the results are mentioned under "BACKTEST RESULTS" below .
// ═════════════════════════ //
// ————————> PROPERTIES<——————— //
// ═════════════════════════ //
Default_qty_size ————> 60 contracts , which can be changed under
Settings
↓
Properties
↓
Order size
// ═══════════════════════════════//
// ————————> TIME CONDITION <————————— //
// ═══════════════════════════════//
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NSE:RELIANCE
// ═══════════════════════════════════════════════ //
// ————————> BACKTEST RESULTS ( 128 CLOSED TRADES )<————————— //
// ═══════════════════════════════════════════════ //
INPUTS can be changed for better back-test results.
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Sortino Ratio : 0.727
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NSE:RELIANCE
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