Reliance Bearish If you long time invester and you invest your capital in reliance so well and good if you are a short term trader and and if you taken trade on reliance so its good time to squre of your postion and also you can take PE in F&O
RIGD trade ideas
Reliance Update : entryAs the price not come to our buy limit ,we are not entered in the trade ...
But now the price is at coreect support level of trend line ,we can enter at this level and expect good risk to reward ratio....
Follow for more ...
DISCLAIMER: WE DON'T SUGGEST TO BUY OR SELL ,DO TRADE ON YOUR OWN RISK...
Buy reliance near 2780Buy reliance near 2780 for a target of 2940
Time frame - 5-6 days
Stop loss 2he close below 2760
Reliance near very strong support and has good momentum and hence can expect good up move from 2780 level
RELIANCE : BUY OPERTUNITY....As we can the reliance is going in the chaneel pattern , we can get a good trade in this ....
We can get good profit with minimum risk ..
Reliance Wave CountNSE:RELIANCE
Wave 2 retraced 30% of Wave 1
Wave C achieved Equality to A
Mostly Wave 2 Bottom in Place.
Wave 3 Rally shall commence.
Elliott ChannelReliance is caught in the 1-2 channel . Till it does not leave the channel upwards wave 3 will never start . It may come back to the end wave 2 . So sad and very bad . Regards
Reliance is showing supportReliance is showing signs of support at important levels. hope it holds and rise further.... But FII selling qty will decide i think....
RELIANCE U TURN??RELIANCE might take a possible u-turn with a decent stop loss and for good targets enter only if it breaks the given levels
ENTRY- 2810
STOPLOSS -2780
TARGET - 2880, 3000, 3050++
Note- if any trade or value that's gone from the marked levels then that's not our trade just let it go or wait for it to come back
I'm not sebi registered this is my personal view
Please like or boost my idea if you like it or traded it
Thankyou
Reliance industries Stock break neckline also break 50 DEMA
Chart very Bearish
Macd indicate Bearish
Disclaimer This is my personal view for education purpose only
No Buy sell recommendations
Reliance Positional Short Trade SetupReliance currently traded below short-term moving average and break 5 months support level. Sell Relinace ~ 2800, 2810, with stop 2845, for target ~ 2640
RELIANCE- Big Elephant of NIFTY forms Descending TriangleAnalyzing the Descending Triangle Pattern on RELIANCE Daily Charts
Introduction:
In the world of technical analysis, patterns often provide valuable insights into potential market movements. One such pattern that has caught the attention of traders is the descending triangle forming on the Reliance Industries Limited (RIL) daily charts. Let's delve into this pattern and explore what it could mean for RIL's future price action.
Understanding the Descending Triangle Pattern:
The descending triangle is a bearish continuation pattern characterized by a horizontal support line and a descending trendline. In this pattern, the price forms lower highs, indicating a potential weakening of bullish momentum. Meanwhile, the support line remains relatively flat, signaling a level at which buying pressure may be concentrated.
Analyzing RIL's Descending Triangle:
On RIL's daily charts, we can observe the formation of this pattern, with the stock consistently making lower highs since a recent peak. The horizontal support line is evident, showcasing a level at which buyers have historically stepped in.
Implications for Traders:
1. Bearish Bias: The descending triangle typically suggests a bearish bias, indicating that sellers may gain control as the pattern progresses.
2. Breakout Potential: Traders often look for a breakout below the support line as a confirmation of the pattern. A decisive move below this level could signal further downside.
3. Volume Confirmation: Volume plays a crucial role in confirming pattern validity. Traders should monitor volume trends, especially during a potential breakout.
Key Levels to Watch:
- Support: Keep a close eye on the support level of the descending triangle. A break below this level could signal further downside pressure.
- Resistance: The descending trendline acts as a resistance level. A break above this line may invalidate the pattern.
Risk Management:
As with any trading strategy, risk management is paramount. Traders should consider implementing stop-loss orders and position sizing strategies to protect against unexpected price movements.
Conclusion:
The descending triangle pattern forming on RIL's daily charts presents an interesting opportunity for traders to monitor. While patterns provide valuable insights, it's essential to wait for confirmation signals such as a breakout with increased volume before making trading decisions. Keeping risk management in mind can help traders navigate potential opportunities while minimizing downside risks.
Disclaimer: This analysis is for informational purposes only and should not be construed as financial advice. Traders should conduct their own research and consider their risk tolerance before making any trading decisions.
reliance (day chart)date 03.05.2024
reliance has given breakdown of diamond pattern after topping out at 261%
don't be in a hurry to buy
Reliance trying to give a B.OReliance trying to give a break out with a decent stoploss for good targets
ENTRY- 2955
STOPLOSS -2930
TARGET - 3000, 3050, 3100++
Note- if any trade or value that's gone from the marked levels then that's not our trade just let it go or wait for it to come back
I'm not sebi registered this is my personal view
Please like or boost my idea if you like it or traded it
Thankyou
Reliance will decide the nifty course.what you see and what you feel ?
what you see impotant.
as shown in the chart it is in 3 rd wave.
Of course retraced 23.6 percent of it.
in some cases when 3 rd wave is extended it can retrace 23.6 percent.
It seems here it is extended here,
Normally 4 th wave retraces 38.6 percent of 3 rd wave.
Its result is tomorrow.In case of good result it can lift nifty along with it.
I am not predicting here any thing,but its uptrend still left.
so many noises during result days better to wait to see how it is performing
on that day(tuesday)Please go through my earlier post of reliance.
if this post helps you like it.
follow me to get updates.
GIANT READY TO MOVE.NSE:RELIANCE is ready to MOVE. Closing outside this zone will drive the way ahead. New Jio plan is out, results are already there. Expecting a positive move from here.
Flag formed and breakout at 2600+ #FRESHVIEW DT 27.04.2024
#RELIANCE INDS CMP 2905+
Monthly Chart
Expanding triangle support at 2300+
Flag formed and breakout at 2600+
Price Momentum
2780-2860-2950-3080-3240-3420-3600+4000
I hope for the best
Stay Connected.
#TEJGYAN
******* RELIANCE BUY CALLS ******Reliance is done correcting. From monday its gonna send again. Dont miss this run, gonna be epic. Reliance results also good. Everything bullish
Chart mega bullish
Reliance Long Technical Analysis of Reliance Industries
View Expressed are Personal only.
Reliance bouncing from 20EMA on daily time frame, Can touch R2 resistance in near term.
Can go long with Small SL below 25th april Day low.
VERY VERY BULLISH RELIANCELong and hold, reverse crash coming. Results great, chart ready to send. Nifty also ready with banknifty for a big rally.
Reliance stock analysisstock showing sideways range..9 days ema range is 2890 and reliance Q4 results net profit fall 2% YoY to rs 18951 crore,yet beats estimates
Reliance buy on dip 3025 -3050 upside Target On Our Harmonic pattern indicator based trade setup take trade as explained below :-
Early trades Buy or sell below/ above 23.6 %, safe trades buy or sell above / below 41% , after taking trade next upside or downside levels will be target ,
When reverse buy or sell signal appear then book profit on Target or trail SL to 23.6 % If trailing SL hit then early trade can be taken above or below 23.6 and safe trade can b taken above/ below 41% ..
Please note:-
It's working on news based and volitile market very well so exit if SL hit
Reliance(INDIA) projection for coming days(21-04-2024)I have prepared the analysis for reliance and considered recent trend, Chart pattern & Gann methods. On the upside first target will be 2900(First green line) And then if it continues then 2nd target(2nd green line with green apple). Stop loss with be 2963.
This analysis is for study purpose not a recommendation.
Reliance is set to make new HighHi
Reliance is set to make new high . The CMP is 2962. It is making bullish cup and handle pattern on daily chart. The swing target would be around 3100.
It is not recommendation. only personal opinion.
