RELIANCE (W)RELIANCE all set to lead the next bull rally?! 🚀
What do you think?
Adani and Ambani combined will lead Nifty to 25k?
RELIN trade ideas
Reliance will Support Nifty for Upmove?Reliance Industries, a major component of Nifty 50 with more than 10% weightage, is currently trading at 2850, which is the 61.8% FIBO retracement level of the last swing. We might expect a good bounce from this level. However, if this level does not sustain on a closing basis, we might see a fall to 2728, where there is a strong demand/support zone at 2647 - 2728.
The monthly and weekly trends (50 SMA) for Reliance are positive, while the daily trend remains sideways for now.
Watch Reliance closely, as its movement will likely influence Nifty's direction.
Reliance Flag and pole PatternMost probable retracement is at 38% level and the second is 50% level.
Target is 3440 if flag upper level is broken.
3 entry levels:
1st at 38% - 25%
2nd at 50% - 25%
3rd at breakout of upper limit channel - 50% (or the remaining)
ReliancePrice was falling for few days and now it is at support. 2880 is an important zone.
Buy above 2882 with the stop loss of 2870 for the targets 2896, 2908, 2922 and 2940.
Sell below 2862 with the stop loss of 2874 for the targets 2850, 2838, 2824 and 2808.
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Note : This is my pre market analysis and my trading journal. Not a suggestion to buy or sell.
You are responsible for whatever you do.
reliance looking good for the bullsgood risk to reward for bulls, price shouldnt close below the prev swing. or else bears would be incharge
Reliance - will it get Support ?Price is nearing to key support area and already in previous spike - price zone. Ideally Reliance must get support or else it will prove Indian markets are simply pump and dump and no technical works...
reliance buy now hello friends as you can see in day chart market making good opportunity to buy i all ready gave you target sl and entry i hope you like my idea thank you.
RELIANCE 1HRINTRADAY
- EARN WITH ME DAILY 10K-20K –
RELIANCE IND Looking good for Downside..
When it break level 2960 and sustain.. it will go Downside...
SELL @2960
Target
1st 2947
2ND 2938
RELIANCEIND MAY FUT – LOT 7 (Qty-1750)
MINIMUM 10L CAPITAL
Enjoy trading traders.. Keep add this STOCK in your watch list..
Big Investor are welcome..
Reliance still no sell signal hold buy trade upside move possiblDisclaimer -
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 :-
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 LOOKING GOOD FOR 3000 AND ABOVEBuy Reliance above 3000 for the targets of 3060, 3090 and 3150 Also Stop Loss 2940.
Educational Ideas
To motivate us, Please like the idea If you agree with the analysis.
RELIANCE LOOKING GOOD FOR 2940 AND ABOVEBuy Reliance above 2860 for the targets of 2940, 2965 and 3000 until 2765 is intact on the downside.
To motivate us, Please like the idea If you agree with the analysis.
Happy Trading!
InvestPro India
Reliance Induestries ltd.This analysis is for informational purposes only and should not be considered financial advice. Shorting stocks carries significant risk and can result in substantial losses. Always conduct your own research before making any investment decisions.
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
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
