VIEW ON RELIANCEGood chart
Stock in blue sky zone
Also buy at lower levels
Target 3290/3400
Stop loss 3155
I am just representing my views
For educational purpose only.
RIGD trade ideas
Reliance brakoutReliance just broken from weekly consolidation it has very long consolidation from 2021
#RELIANCE #NSE - BASE BREAKOUTRELIANCE INDUSTRIES LTD.
Base breakout in daily time frame.
Pullback to 10EMA and reversal.
Close crossing 52 week high, 2 year high.
Close within 52 week zone.
Outperforming benchmark index.
RIL 20% Upside possible in next 6-8 MonthsRIL is seen breaking from Weekly Consolidation. Sustaining above 3000 will open space of higher Targets of 3300 followed by 3600.
Weekly Flag Pattern observed.
LTP - 3028
Target - 3600+
SL - 2880
Timeframe - 6-8 Months
Happy Investing
Reliance - Pennant Breakout and ATH breakout !!!!Reliance has given a Pennant Breakout with volumes. We can see price moving towards 3800+. Other factors:
1. RSI is above 6o on weekly basis
2. MACD is becoming +ive on higher time frame
3. ATH breakout
4. Volumes is steady
"Clean Charts, Easy Charts"
Learning & Earning !!!
Cheers!!
Reliance Ind long Term ChartReliance Ind long Term Chart as per Fibonacci
recent breakout and at lifetime high
Reliance right opportunity for Swing Trade.Huge potential is there.
For short term investment ;
Leave a " Like If you agree ".👍
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Wait for small retracement & daily candle to close above - "3050"
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Enter only if market Breaks
"Yellow box" mentioned.
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Don't make complicated trade set-up.📈📉
Keep it " simple, focus on consistency " 💹
Refer our old ideas for accuracy rate🧑💻
Valuable comments are welcomed-✌️
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Follow for regular updates.👍
reliance flag and pole view- flag and pole breakout candle formed
- if this candle sustains above this range bullish trend may continue.
This analysis is my own idea.
I don't recommend taking trade based on this idea.
Know the market risk before trade.
Reliance breakout for 3500Reliance breakout confirm looking good for 3500, with HDFC bank also looking hot. Nifty poised for 25K.
RELIANCE break out after 3-4 monthRELIANCE break out level is 3031 and sustained above that level.
target 1 - 3300
SL - 2980
follow risk reward.
Disclaimer -
videos, presentations, and writing are only for educational purposes and are not intended for investment advice. I can't promise the accuracy of any information provided. please consult with your financial advisor.
Head and shoulder in Reliance Industries.Major support levels :- 2575, 2550, 2531
Resistance:- 2600, 2620
If it takes out the upper level of 2620 and closes above it on weekly chart, it can give nice up move. Positional stock or stock future trades can be initiated.
Intraday trades can be taken on both the side. Bearish trade for an intraday trade can be initiated on the breakdown of the H&S pattern on the hourly candle close.
Wait for the price action near the levels before trading.
Flag pattern BreakoutReliance has given a flag pattern breakout on the weekly chart. This technical pattern often indicates a continuation of the prior trend, suggesting a potential bullish movement. Keep an eye on the stock for further upward momentum following this breakout.
RELIANCE WEEKLY UPDATE Hello Traders.
We have seen that Reliance has been entered into a New territory & from now onwards the brand new move has started.
Strongly Bulls has closes the reliance above 3000 levels.
Plan your trades on pullback in Daily Time Frame.
Thank you
RELIANCE F&P BREAKOUT WCBRELIANCE breaking f&pPattern
weekly basis good volume
good rsi macd crossover
#target 3000
EDUCATIONAL IDEA
Reliance Industries: The Mukesh Ambani of Stocks Attention, traders! Buckle up, because Reliance Industries Limited is ready to take off like a rocket ship to the moon! 🚀📈 We’ve spotted some exciting price action and technical patterns that you won't want to miss. Let’s dive into the details.
I. Price Action Overview
Chart Analysis
Current Price: ₹3,061.10
Daily High: ₹3,075.00
Daily Low: ₹3,012.00
Volume: 14.192M
II. Key Technical Indicators
Bullish Flag Pattern: RIL is climbing faster than Antilia's elevator during a power outage. The chart clearly shows a bullish flag pattern, a classic continuation pattern indicating potential upward movement.
Breakout Confirmation: We've seen a solid breakout from the flag pattern, signaling a potential rally.
Volume Breakout: Trading volume is higher than the number of JioMart deliveries on a Sunday. This suggests strong conviction in the move. Accompanying the price breakout, there's a significant increase in volume, further confirming the bullish momentum.
III. Trading Idea:
For the brave Ambani-wannabes out there, riding this uptrend could be more thrilling than a Bollywood blockbuster. But remember, timing the market is as tricky as navigating Mumbai traffic during monsoon!
Price Targets and Support Levels
Immediate Resistance: ₹3,100.00 - This is the next level to watch. A break above this could open the doors to higher levels.
Support Levels:
Primary Support: ₹2,800.00 - A key level to hold for maintaining the bullish outlook.
Secondary Support: ₹2,559.25 - This is a more conservative support level, aligning with previous consolidation areas.
IV. Risks:
If this rally loses steam, the stock could drop faster than your data speed when you run out of Jio balance. Keep an eye on oil prices and telecom regulations, and be ready to book profits quicker than you can say "Jio Dhan Dhana Dhan".
V. Final Thoughts:
Reliance Industries is flexing its muscles like Mukesh Ambani at an AGM. Will it continue to dominate the market like it dominates your phone bill, or will it take a breather? Only time will tell, but one thing's for sure – this stock is more diverse than the menu at a 5-star hotel buffet!
Disclaimer: This analysis is about as guaranteed as a glitch-free day on the MyJio app. Always do your own research and consult a financial advisor before making investment decisions. Happy trading, and may your profits be as hefty as Reliance's market cap! 💼
Reliance Big Move AheadHey Family, there is a one more stock Which is showing a great opportunity.
Key Points:-
* Forming Ascending Triangle Pattern in daily TF.
* From Jan 2024 to June 2024 Moving in a 200-300 Points range.
* From Mar 2024 to June 2024 Tested Resistance Many times.
* It's Already Break resistance Zone and trying to Sustain Above Resistance Zone and follow up buying is coming.
* Volume Accumulation (Volume is Rising).
What is your view please comment it down and also boost the idea this help to motivate us. We are Certified. All views shared on this channel are my personal opinion and is shared for educational purpose and should not be considered advise of any nature. Minor Retest is Possible after big move.
Reliance IndustriesThis is educational purpose only, consisting of Stock market views based on price action,
Elliott Wave & Fibonacci. Views expressed here are not for investors/traders.
Do your own due diligence before investing/trading.
Breakout in Reliance We can see a breakout. Important support marked in case we get re test of breakout levels
Breakout soon in RILDarvas box breakout setup
RSI above 65 and rising
Trading above EMA50
Volume increasing
~5 months of consolidation
Disc: for study, not a recommendation
Reliance Industries Ltd:- Right-Angled and Descending BroadeningReliance Industries Ltd:- Right-Angled and Descending Broadening Formations
11 to 17% Upside potential
Levels mentioned on chart & given targets seems achievable.
Plan your trade accordingly.
Views are for ‘’EDUCATIONAL PURPOSE ONLY’’,trade at your own risk.
"Trade what you see, Not what You Think"
Happy Trading(:)
RELIANCE BULLISH BREAKOUTIts a bullish breakout of up flag. breakout is happened after a good consolidation with huge volume.
Reliance today buy given at 2890-92 we grt huge profit Disclaimer -
This information is only for educational purposes, this is not for any buy or sell recommendations .
On Our Harmonic pattern indicator
based trade setup take trade as explained below :-
ENTRY -
When price breaks 30% retracement Which is D points then take Entry on Buy or Sell Trade
SL -
SL is (-3%) Which is mentioned in Chart . our SL is just above or below of Recent high or Low .
TARGET -
Target 1- (T1 : 61.8 %)
Target 2- (T2 : 88.6 %)
Target 3- (T3 : 127.2 %)
Target 4- (T4 : 161.8 %)
Please note:-
It's working on news based and volitile market very well so exit if SL hit
