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what is fibonacci retracement ?**Fibonacci Retracement** is a technical analysis tool used by traders to identify potential support and resistance levels in the price movement of a financial asset. It is based on the **Fibonacci sequence**, a series of numbers where each number is the sum of the two preceding ones (e.g., 0, 1, 1, 2, 3, 5, 8, 13, 21, etc.). These numbers are found in nature, and interestingly, they also appear in various aspects of financial markets. In trading, **Fibonacci retracement levels** are used to predict where prices might reverse or experience a pullback during a trend. These levels are considered potential support or resistance zones, and traders use them to set targets, stop-losses, or entry points. ### How Fibonacci Retracement Works: 1. **Key Fibonacci Levels**: The key Fibonacci retracement levels are derived from the following ratios, which are based on the Fibonacci sequence: - **23.6%** - **38.2%** - **50%** (This is not a Fibonacci number but is widely used in retracement analysis) - **61.8%** (This is considered the "golden ratio" and is very significant in Fibonacci analysis) - **100%** (This level represents the full retracement of a trend) 2. **Drawing Fibonacci Retracement**: - The tool is used by selecting two points on a price chart: the **swing high** (the highest point) and the **swing low** (the lowest point) of the price movement. - After identifying these points, Fibonacci levels are plotted between the high and low, creating horizontal lines at the 23.6%, 38.2%, 50%, 61.8%, and 100% levels. These lines represent potential areas where the price could retrace, reverse, or consolidate. 3. **Interpreting Fibonacci Retracement Levels**: - **Support and Resistance**: The retracement levels act as potential support (in an uptrend) or resistance (in a downtrend) levels. For example: - In an uptrend, after a price rises and then begins to fall, traders expect the price to retrace or pull back to one of the Fibonacci levels (like 38.2% or 50%) before continuing higher. - In a downtrend, after a price drops and then begins to rise, traders may watch for the price to retrace to Fibonacci levels (such as 38.2% or 61.8%) before continuing lower. - **Trend Continuation**: If the price respects one of the Fibonacci levels and reverses in the direction of the trend, it suggests that the trend may continue. If the price breaks through a Fibonacci level, it could signal a potential trend reversal or the continuation of a deeper pullback. ### Example of Fibonacci Retracement in Action: 1. **Uptrend Scenario**: - Imagine a stock price rises from $100 to $150. - To analyze potential pullbacks, you would apply the Fibonacci retracement tool between these two points ($100 as the swing low and $150 as the swing high). - The Fibonacci levels will appear at 23.6%, 38.2%, 50%, and 61.8% of the price move. For example, the 38.2% level might be around $130, and the 61.8% level might be around $120. - Traders would watch for price action around these levels to see if the price reverses and continues upward (indicating the trend may remain intact). 2. **Downtrend Scenario**: - If a stock falls from $200 to $150, you could plot Fibonacci retracement levels between $200 and $150. - Fibonacci levels will be plotted at specific intervals (e.g., 23.6%, 38.2%, 50%, etc.), and traders would look for price action at these levels to identify potential resistance areas. - If the price retraces to the 50% level (say $175) and then reverses back down, it may indicate the downtrend is still strong. ### Why Fibonacci Retracement Works: The effectiveness of Fibonacci retracement is attributed to the idea that market psychology often follows patterns or "natural" ratios. Many traders and investors believe that the Fibonacci levels represent natural turning points in the market, and because of this belief, the levels tend to become self-fulfilling prophecies—when many traders place orders around these levels, it increases the likelihood of price reversals at these points. ### Limitations of Fibonacci Retracement: 1. **Not Always Accurate**: Fibonacci levels are not foolproof, and the price may not always reverse at these points. Sometimes the price can break through a level or fail to reach a level altogether. 2. **Requires Confirmation**: It's best to use Fibonacci retracement levels in conjunction with other technical analysis tools, such as candlestick patterns, moving averages, or momentum indicators, for confirmation. 3. **Subjective**: The placement of swing highs and lows can sometimes be subjective, leading to slightly different interpretations of the key levels. ### Using Fibonacci Retracement with Other Tools: - **Candlestick Patterns**: Traders often look for specific candlestick patterns (like a bullish engulfing or hammer) at Fibonacci levels to confirm potential reversals. - **Volume**: Higher trading volume at a Fibonacci level may indicate a stronger support or resistance level. - **Trend Indicators**: Combining Fibonacci retracement with trend indicators (such as moving averages) can help confirm whether the trend is likely to continue after a retracement. ### Conclusion: **Fibonacci retracement** is a widely used tool in technical analysis that helps traders identify key levels where the price of a financial asset might experience a pullback or reversal. It is based on the mathematical Fibonacci sequence, with key retracement levels at 23.6%, 38.2%, 50%, 61.8%, and 100%. While the tool can be powerful, it is most effective when used in conjunction with other technical indicators and analysis techniques to confirm price movement.
NSE:RELIANCEEducation
by SkyTradingZone
What is rsi divergence and how to use it in trading ?**RSI Divergence** is a concept in technical analysis where the **Relative Strength Index (RSI)**, an oscillator that measures the strength of a price movement, diverges from the price movement of the underlying asset. This divergence can indicate potential trend reversals, making it an important tool for traders. ### **What is RSI?** The **RSI** is a momentum oscillator that measures the speed and change of price movements. It ranges from 0 to 100 and is typically used to identify whether an asset is overbought (above 70) or oversold (below 30). It is commonly calculated using a 14-period timeframe, but this can vary. ### **What is Divergence?** **Divergence** occurs when the price of an asset and an indicator (in this case, the RSI) move in opposite directions. There are two types of divergence: 1. **Bullish Divergence**: When the price makes lower lows, but the RSI makes higher lows. 2. **Bearish Divergence**: When the price makes higher highs, but the RSI makes lower highs. ### **Types of RSI Divergence** 1. **Bullish Divergence**: - **Occurs when the price forms lower lows**, but the RSI forms higher lows. This suggests that even though the price is declining, the momentum (as measured by RSI) is improving, and the downward trend might be losing strength, potentially signaling a reversal to the upside. - **Interpretation**: Bullish divergence suggests that the selling pressure is weakening, and there may be a potential reversal to the upside. **Example**: The price of a stock drops to a new low, but the RSI doesn't reach a new low and starts to climb. This shows that the momentum behind the downtrend is weakening, and the price may soon reverse to the upside. 2. **Bearish Divergence**: - **Occurs when the price forms higher highs**, but the RSI forms lower highs. This suggests that although the price is rising, the momentum is weakening, which could indicate that the upward trend is losing strength and might soon reverse downward. - **Interpretation**: Bearish divergence signals that the buying pressure is weakening, and a potential trend reversal to the downside could occur. **Example**: The price of a stock rises to a new high, but the RSI does not reach a new high and starts to decline. This shows that while the price is rising, the momentum is weakening, and a price drop may be imminent. ### **How to Use RSI Divergence in Trading** RSI divergence can be used as part of a broader trading strategy to help identify potential trend reversals and entry/exit points. Here's how you can use it effectively: #### 1. **Identify Divergence**: - **Bullish Divergence**: Look for a situation where the price is making lower lows, but the RSI is making higher lows. - **Bearish Divergence**: Look for a situation where the price is making higher highs, but the RSI is making lower highs. #### 2. **Confirm Divergence with Other Indicators**: RSI divergence on its own is a powerful tool, but it works even better when combined with other indicators. Some common confirmation tools include: - **Trendlines**: Draw trendlines on both price and RSI. The breakout of trendlines on both price and RSI can confirm a reversal. - **Support/Resistance Levels**: If the price reaches a strong support (in the case of bullish divergence) or resistance (in the case of bearish divergence), it adds confidence to the reversal signal. - **Candlestick Patterns**: Reversal candlestick patterns (like Doji, Engulfing, or Hammer) can provide further confirmation of the divergence signal. #### 3. **Wait for Confirmation**: Divergence alone doesn’t guarantee a reversal. It is essential to wait for confirmation before entering a trade. For example: - After a **bullish divergence**, you might wait for the price to break above a recent resistance level or for an upward candlestick pattern to form. - After a **bearish divergence**, you might wait for the price to break below a recent support level or for a downward candlestick pattern to form. #### 4. **Set Entry and Exit Points**: - **Entry**: Enter a **long position** after a bullish divergence when confirmation (like a breakout or candlestick reversal pattern) occurs. Similarly, enter a **short position** after a bearish divergence when confirmation appears. - **Stop Loss**: Place stop-loss orders just below the recent swing low for a bullish divergence or above the recent swing high for a bearish divergence. - **Take Profit**: Set take-profit targets at key support/resistance levels or based on risk-reward ratios (e.g., a 2:1 reward-to-risk ratio). #### 5. **Timeframe**: - RSI divergence can be used on different timeframes, but the reliability of the signal often increases with longer timeframes (like daily or weekly charts). On shorter timeframes, the divergence can be more frequent but less reliable, so it’s important to trade carefully. ### **Example of Bullish RSI Divergence in Action** Let's say you're looking at a stock chart where the price is forming lower lows (e.g., the stock drops from $100 to $90 to $85), but the RSI forms higher lows (e.g., RSI moves from 30 to 35 to 40). - The price is still falling, but the RSI is showing signs of momentum shifting upward. - This could signal that the selling pressure is decreasing, and a potential reversal to the upside could occur. - A trader might enter a **long position** at this point, placing a **stop-loss below the recent low** (around $85) and a **target profit at a resistance level**, such as $95. ### **Example of Bearish RSI Divergence in Action** Now, imagine you're looking at a stock chart where the price is making higher highs (e.g., the stock rises from $100 to $110 to $115), but the RSI is making lower highs (e.g., RSI moves from 70 to 65 to 60). - The price is still rising, but the RSI is signaling that momentum is weakening. - This could suggest that the bullish trend is losing strength, and a reversal to the downside could occur. - A trader might enter a **short position** at this point, placing a **stop-loss above the recent high** (around $115) and a **target profit at a support level**, such as $105. ### **Limitations of RSI Divergence**: 1. **False Signals**: RSI divergence can sometimes give false signals, particularly in choppy or consolidating markets. The market can remain overbought or oversold for extended periods without reversing. 2. **Lagging Indicator**: Like all technical indicators, the RSI is based on historical data, so it may lag behind price action. Divergence might signal a potential reversal, but the price may not reverse immediately. 3. **Short-Term Divergence**: Short-term divergences may not lead to strong trend reversals and can be part of a larger ongoing trend. ### **Conclusion** RSI divergence is a powerful tool for spotting potential trend reversals by comparing the price action with momentum. Here's a quick recap: - **Bullish Divergence** occurs when the price makes lower lows while the RSI makes higher lows, signaling weakening downward momentum and a potential reversal to the upside. - **Bearish Divergence** occurs when the price makes higher highs while the RSI makes lower highs, signaling weakening upward momentum and a potential reversal to the downside. By combining RSI divergence with other technical analysis tools and waiting for confirmation signals, traders can improve the reliability of their trading decisions and manage risk more effectively.
NSE:RELIANCEEducation
by SkyTradingZone
Reliance start buying for long term SL 1140 Target 1380-1390 ,How to take trades using Harmonic pattern projection Trade setup is explained below :- Entry : 1st D point : 0% is recent top or bottom. Trailing SL: 20.2% is work as trailing SL of buy or sell trade if hit then we have to book profit .If price goes below 20.2% then early or risky traders can reversal trade , Targets : Target T1 : 28.3% Target T1 : 37.8 % Target T3 : 48.1% T3: 60.2% to 66.9 % is our 3rd Target since this is reversal zone so must book profit if break then take fresh trade again Next Targets are 77.5 % , 88.1 % 100% , 113.5 % , 127.3% , 141.2% and 160.2 , 177.5. final Target 200% 160.2 to 177.5% if profit booking area so book full profit and wait for reversal. How to take reversal trade : If price going upside/ downside then then buy or sell levels appear on Chart ( Automatically show when price reach any reversal zone of harmonic projection pattern based . After showing reversal levels wait for confirmation until 20.2 % or 28.3 % level not break if break then exit from current buy / sell trade and take fresh reverse trade buy/ sell . Trailing SL: After reach 1st Target trail SL to just above or below cost ( for example we are holding sell trade from 100 1st Target 110 hit then move trailing sl to 104-105 and move SL as price move upside or Downside) Re- Entry : For Re-entry in any pull back Point D ( 10.1% ) is used for re-entry then SL recent high or low Point D ( 0% ) . Target is same as early 20.2% , 28.3 , 37.8 and so on Blue Line is 1st support/ Resistance Green line is 2nd support/ resistance Red line is 3rd Support/ resistance
NSE:RELIANCELong
by EquityCommodityMarketJaiPrakas
Reliance industries ltdReliance Industries Limited (RIL) is a diversified conglomerate headquartered in Mumbai, India, with operations spanning petrochemicals, refining, oil and gas exploration, retail, and telecommunications. Here's a comprehensive analysis of RIL's stock performance and financials: **Stock Performance:** - **Current Price:** As of February 14, 2025, RIL's share price closed at ₹1,216.95, reflecting a 0.06% increase from the previous day. - **52-Week Range:** The stock has traded between ₹1,608.95 and ₹1,215.70 over the past year, indicating significant volatility. - **Market Capitalization:** RIL has a market capitalization of approximately ₹8.5 trillion, making it one of India's largest companies. **Financial Highlights:** - **Revenue:** In the fiscal year ending March 2024, RIL reported total revenue of ₹9.17 trillion, a 3.10% increase from the previous year. - **Net Profit:** The net profit for the same period was ₹69,621 crore, reflecting a 4.38% growth year-over-year. - **EBIT Margin:** The company achieved an EBIT margin of 14.14% in FY 2024, indicating strong operational efficiency. **Analyst Insights:** - **Price Target:** DAM Capital has reiterated a 'Buy' rating on RIL, raising the target price to ₹1,550, suggesting a potential upside of approximately 21.6% from the current market price. note :- Reliance Industries Looks very interestingly placed At the bottom of channel. RSI huge divergence. Very small SL can give good returns. CMP 1217 - **Investment Rating:** The consensus among analysts is positive, with an average target price of ₹1,550, indicating a potential upside of 21.6% from the current price. **Shareholding Pattern:** - **Promoter Holding:** The promoters, including Mukesh Ambani, hold a significant portion of the company's equity, reflecting strong insider confidence. - **Institutional Investors:** RIL has a diverse shareholder base, with institutional investors holding a substantial portion of the equity. **Conclusion:** Reliance Industries Limited has demonstrated robust financial performance, with consistent revenue and profit growth. The stock is trading at a premium valuation, supported by positive analyst ratings and a strong market position across its diversified business segments. Investors should consider these factors in conjunction with their individual investment goals and risk tolerance. *Please note that stock market investments carry inherent risks. It's advisable to conduct thorough research or consult with a financial advisor before making investment decisions.*
NSE:RELIANCELong
by Ashwani123
What is rsi and how to use it ?RSI stands for **Relative Strength Index**, which is a momentum oscillator used in technical analysis to measure the speed and change of price movements. It is primarily used to identify whether an asset is overbought or oversold, helping traders make decisions about potential buy or sell opportunities. ### Key Points About RSI: - **Scale**: RSI ranges from 0 to 100. - **Overbought and Oversold Levels**: - **Overbought**: When RSI is above 70, the asset is considered overbought, meaning it may be overvalued and could see a price reversal downward. - **Oversold**: When RSI is below 30, the asset is considered oversold, meaning it might be undervalued and could see a price reversal upward. ### How to Use RSI: 1. **Identifying Overbought/Oversold Conditions**: - **Overbought (RSI > 70)**: This suggests the asset may have been overbought, and a pullback or price reversal might occur. Traders might consider selling or shorting. - **Oversold (RSI < 30)**: This suggests the asset may be oversold, and a rebound or price reversal might happen. Traders might consider buying. 2. **RSI Divergence**: - **Bullish Divergence**: When the price makes new lows, but RSI forms higher lows, this can indicate a potential upward reversal or buying opportunity. - **Bearish Divergence**: When the price makes new highs, but RSI forms lower highs, this may signal a potential downward reversal or selling opportunity. 3. **RSI and Trend Strength**: - RSI can also help assess trend strength. For example, during a strong uptrend, the RSI might stay above 40-50 and consistently test the overbought zone. Similarly, in a strong downtrend, the RSI may hover below 60 and frequently test oversold conditions. 4. **RSI and Trend Reversals**: - When the RSI crosses back above the 30 level (from below), it can signal the start of an uptrend (bullish reversal). - When the RSI crosses back below the 70 level (from above), it can signal the start of a downtrend (bearish reversal). ### Practical Example of Using RSI: - **Example 1: Overbought Condition**: - Let's say a stock has an RSI of 75. This indicates it’s overbought, suggesting that a price pullback or correction might be on the horizon. Traders might consider selling or taking profits at this point. - **Example 2: Oversold Condition**: - If the RSI of a stock is 25, it indicates the stock is oversold and could be undervalued. Traders might look for a buying opportunity, anticipating that the price may rise. ### Limitations: - RSI is more useful in ranging (sideways) markets than in trending markets. In strong trends, RSI may stay overbought or oversold for extended periods without reversing. - RSI signals should ideally be combined with other indicators or chart patterns for confirmation.
NSE:RELIANCEEducation
by SkyTradingZone
Reliance buy on dip sl 1140 Target 1440-1460 for long term How to take trades using Harmonic pattern projection Trade setup is explained below :- Entry : 1st D point : 0% is recent top or bottom. Trailing SL: 17.5% is work as trailing SL of buy or sell trade if hit then we have to book profit .If price goes below 17.5% then early or risky traders can reversal trade , Targets : Target T1 : 28.3% Target T1 : 37.8 % Target T3 : 48.1% T3: 60.2% to 66.9 % is our 3rd Target since this is reversal zone so must book profit if break then take fresh trade again Next Targets are 77.5 % , 88.1 % 100% , 113.5 % , 127.3% , 141.2% and 160.2 , 177.5. final Target 200% 160.2 to 177.5% if profit booking area so book full profit and wait for reversal. How to take reversal trade : If price going upside/ downside then then buy or sell levels appear on Chart ( Automatically show when price reach any reversal zone of harmonic projection pattern based . After showing reversal levels wait for confirmation until 17.5 % or 28.3 % level not break if break then exit from current buy / sell trade and take fresh reverse trade buy/ sell . Trailing SL: After reach 1st Target trail SL to just above or below cost ( for example we are holding sell trade from 100 1st Target 110 hit then move trailing sl to 104-105 and move SL as price move upside or Downside) Re- Entry : For Re-entry in any pull back Point D ( 9.3% ) is used for re-entry then SL recent high or low Point D ( 0% ) . Target is same as early 17.5 % , 28.3 , 37.8 and so on Blue Line is 1st support/ Resistance Green line is 2nd support/ resistance Red line is 3rd Support/ resistance
NSE:RELIANCELong
by EquityCommodityMarketJaiPrakas
Reliance long term buy 1195-1190 , SL 1150 Target 1266 ,1310 ,Reliance very good for long term buying near 1195-1190 , SL 1150 Target 1266 ,1310 ,1350,1393 How to take trades using Harmonic pattern projection Trade setup is explained below :- To take fresh trade in Buy/ Sell side we have to check if Price if Above / below 23.6 mentioned as D(23.6%) Then we can take fresh buy or sell trade with SL or recent high/ low mentioned as point D( 0 %). Targets : T1: 35 % to 38.2 % level is our 1st Target ( This is reversal zone so if price taking support and not break zone then book profit. If breaking then hold trade with SL just above or below cost) T2: 50% level is our 2nd Target T3: 61.8% to 65 % is our 3rd Target ( This is also reversal zone so we have to book profit at this area and if break then take fresh entry with SL of 2nd Target 50% .) Next Targets are 78.6 % , 88.9 % 100% , 113.5 % , 127.2% , 138.2% ,150% and 161.8% to 165%. 161.8 to 165% if profit booking area so book full profit and wait for reversal. How to take reversal trade : If price going upside/ downside then then buy or sell levels appear on Chart ( Automatically show when price reach any reversal zone of harmonic projection parlttern based . After showing reversal levels wait for confirmation until 23 .6 % level not break if break then exit from current buy / sell trade and take fresh reverse trade buy/ sell . Trailing SL: After reach 1st Target trail SL to just above or below cost ( for example we are holding sell trade from 100 1st Target 110 hit then move trailing sl to 104-105 and move SL as price move upside or Downside)
NSE:RELIANCELong
by EquityCommodityMarketJaiPrakas
how to trade profitably in volitaile market ?Common strategies to trade volatility include going long puts, shorting calls, shorting straddles or strangles, ratio writing, and iron condors. When volatility spikes, you have the opportunity to generate an above-average profit, but you also run the risk of losing a great deal of capital in a relatively short period of time. With a disciplined approach, you can learn to manage volatility for your benefit—while minimizing risks. There are two main methods for trading: Contracts for Difference (CFDs): This is like predicting whether the price will go up or down. You don't actually own the index, you're just speculating on its movements. ... Options: Options let you speculate on price movements without risking more than your initial stake.
NSE:RELIANCEEducation
by Optionclub
Best Statergies to do Database trading ?9 data-driven strategies for improved trading decisions Volatility graphs. Volatility surface mapping is one method that helps decide the best approach in any given market. ... Moving averages and regression analysis. ... Machine learning. ... Computer simulations. ... The Bollinger Bands. ... AI investing. ... Unconventional data. ... Using new data. A trader needs to collect three types of market data for algo trading; real-time data, delayed data, and historical data. Real-time data is used while a trader executes an order, it is taken into account at the time of the trade.
NSE:RELIANCEEducation
by Optionclub
Divergence Trading An RSI divergence occurs when the indicator and price begin to reach different levels, indicating a change in momentum that precedes a change in price direction. For example, a bullish divergence occurs when the security makes a lower low but the indicator forms a higher low. What is the best RSI setting for divergence? The default RSI setting is a 14-period, which works well for most traders. However, shorter settings (like 7) increase signal sensitivity, while longer settings (like 21) reduce noise and offer more reliable signals, especially for long-term trading.
NSE:RELIANCEEducation
by SkyTradingZone
3
RELIANCE (Reliance Industries Ltd)- AnalysisBullish Levels -day closing above 1250 (early entry risky) then 1336 (safe entry if day closing above this) first target can be around 1400 if sustain above this for a week or two then we can expect targets of long term targets can be around 2200 then 2400 and last Stop for now would be around 2600 Bearish levels :- Day closing below 1130 SL for swing trade then 1070 strict SL for Long term Investor below this more bearish. **Consider some Points buffer in above levels **Disclaimer -  I am not a SEBI registered analyst or advisor. I does not represent or endorse the accuracy or reliability of any information, conversation, or content. Stock trading is inherently risky and the users agree to assume complete and full responsibility for the outcomes of all trading decisions that they make, including but not limited to loss of capital. None of these communications should be construed as an offer to buy or sell securities, nor advice to do so. The users understands and acknowledges that there is a very high risk involved in trading securities. By using this information, the user agrees that use of this information is entirely at their own risk. Thank you
NSE:RELIANCELong
by PrashantTaralkar
1
Trading MistakesIt is a high-stakes game where many are lured by the promise of quick riches but ultimately face harsh realities. One of the harsh realities of trading is the “Rule of 90,” which suggests that 90% of new traders lose 90% of their starting capital within 90 days of their first trade. The 5-3-1 strategy is especially helpful for new traders who may be overwhelmed by the dozens of currency pairs available and the 24-7 nature of the market. The numbers five, three, and one stand for: Five currency pairs to learn and trade. Three strategies to become an expert on and use with your trades.
NSE:RELIANCEEducation
by SkyTradingZone
3
Reliance Support and Resistance Zones for Swing Trading Reliance Chart Analysis & Short term & Long Term Targets Support Levels Reliance Industries has a major support around ₹1200. The stock has taken support at this level twice. If it takes support here again, pay attention to the weekly candle closing. If the stock dips below ₹1200 during the budget time, wait for the price to close above ₹1200 again. Reliance Industries' extended support is around ₹1150. If Nifty comes near the 20,000 mark, Reliance may reach its second major support level near ₹1000. Resistance Levels The resistance for Reliance stock is at ₹1320. The major resistance is at ₹1620. Whenever the stock closes above this level on a weekly candle, the stock may witness a further rally. Reliance Trading and Investment Opportunities Short-Term Trading: Keep the ₹1200 and ₹1150 levels in mind to take a Long Position. The first short-term target is ₹1450. Trade with a stop-loss and a proper entry-exit plan. Long-Term Investors For long-term investors, this is also a good opportunity. Alternatively, you can wait for the upcoming budget. If the stock breaks its all-time high, there could be significant targets in the future.
NSE:RELIANCELong
by manojshinde27
Reliance Industries fall is not overIf you refer the chart of Reliance Industries, its in impluse move which is Just wave 1 of the Zig-zag and we are about to complete wave 5 after this expect A-B-C move which we can use to our advantage and make some profit. Post that one more correction to complete the 5-3-5 Zigzag and then we can see a long trend. Disclaimer: I am not SEBI registered member, these ideas are for strictly educational purpose only, please do your own analysis and take a call.
NSE:RELIANCE
by Swiftstrike
2
Reliance Industries: Key Levels to Watch Amid Channel Breakdown Reliance Industries (RIL) is currently trading within a critical zone that could determine its short- to medium-term direction. Here's a breakdown of the key observations: Ascending Channel Breakdown Risk: The stock has been respecting an ascending channel on the weekly chart. However, it is now testing the lower boundary of this channel, indicating potential weakness. Support Levels: Immediate support is seen at ₹1,200, which aligns with historical consolidation. A breakdown below ₹1,200 could open the doors to ₹1,100, which is the next significant support. Resistance Levels: On the upside, ₹1,325 is a critical resistance level. A breakout above ₹1,325 may lead to a rally toward ₹1,500, which is the next target based on historical price action and the upper range of the channel. Likely Consolidation: The stock might hover within the ₹1,200–₹1,325 range for a few weeks, allowing the market to decide its next direction. Indicators: The RSI on the weekly chart shows signs of a potential reversal but remains in a neutral zone, indicating indecision.
NSE:RELIANCE
by WaveXplorer
1
Reliance Industries Ltd AnalysisReliance Industries Limited (RIL) is an Indian multinational conglomerate headquartered in Mumbai, Maharashtra. Founded in 1958 by Dhirubhai Ambani as Reliance Commercial Corporation, it has evolved from a small trading firm into India's largest private-sector corporation. **Business Segments:** - **Energy and Petrochemicals:** RIL operates the world's largest refining complex in Jamnagar, Gujarat, and is a leading player in petrochemicals, producing a wide range of products. - **Retail:** Reliance Retail is India's largest retailer, offering diverse products from groceries to electronics. As of Q3 FY2025, it serves a registered customer base of 338 million. - **Telecommunications and Digital Services:** Through Jio Platforms, RIL has transformed India's digital landscape, providing affordable 4G services and expanding into various digital applications. As of Q3 FY2025, Jio boasts 482.1 million subscribers. - **New Energy Initiatives:** RIL is investing ₹75,000 crore (US$10 billion) in the Dhirubhai Ambani Green Energy Giga Complex in Jamnagar to establish giga factories for solar panels, energy storage, and green hydrogen production. The first phase includes a 20 GW solar photovoltaic module factory expected to be completed by 2023. **Financial Highlights:** - RIL is India's largest and most profitable private sector company, with a market capitalization of ₹20,14,011 crore (US$241.5 billion) for FY2023-24. - It is the country's largest taxpayer, contributing ₹1,86,440 crore (US$22.4 billion) to the national exchequer in FY2023-24. **Leadership:** - Mukesh Ambani serves as the Chairman and Managing Director of RIL. Under his leadership, the company has diversified into various sectors, including telecommunications and retail. **Recent Developments:** - In August 2024, RIL announced that its new energy business is projected to be as profitable as its oil-to-chemicals segment within 5-7 years, highlighting the company's strategic shift towards sustainable energy. - Despite a booming IPO market in India, RIL has shown no urgency in listing its retail and telecom units, focusing instead on expanding its ventures in renewable energy and digital services. Reliance Industries continues to play a pivotal role in India's economic growth, aligning its business strategies with national priorities and global sustainability trends.
NSE:RELIANCE
by TheGoldenFarmsofEquity
Short opportunity on Reliance Indu.Study and Analysis Perspective 📈 Opportunity Overview: There appears to be a short-term bullish trend developing in Reliance Industries' stock, presenting a potential opportunity for traders and investors over the next 1-3 days. This window could align with technical, market, or news-driven factors. Technical Indicators to Watch: Price Action Risk Management Tips: Set Stop-Loss: Keep a strict stop-loss to protect against unexpected downturns. Target Profit: Define a profit target to secure gains within the 1-3 day window. Position Sizing: Avoid over-leveraging; allocate capital wisely based on your portfolio.
NSE:RELIANCELong
by apstockanalysis