Track Reliance above 2958 for Intraday today. Target is calculated using XABCD pattern of Harmonics. Entry can be made if a 1 min candle closes above 2958.50.
Please read the notes as mentioned on the chart.
Disclaimer: I am not a registered analyst with SEBI and it is only for educational purposes. Please consult your financial advisor before making any decision. I will not be responsible for any of your profits or losses.
I used S&D method and Fibonacci retracement tools to discover stock's reversed to previous levels to find probable support levels.
Ignore Gap Up Cancel the plan
Analysis:
Starting Point: Mentioned on the chart
Ending Point: Mentioned on the chart
Disclaimer: This is for educational purposes only. Conduct your own research and consider your risk tolerance...
A strong pole & flag formation is seen in Reliance.
A strong pole is characterised by the absence of retracements i.e.., resembling almost a straight line. Stock has consolidated in a flag formation & appears to be testing the resistance with HH, HL formation. Such tests high a high probability of a breakout to occur.
The trade consists of a RR of 1:2. But...
Reliance Industries Monthly Gann Angles Analysis...28 March 2024...
Levels and Angles marked on Monthy chart carry a lot of weightage...
Study them carefully and use it for decision making...
Level of 3039 seems very important on chart...
This could the next next game changer for it...
Gann 50% Rule at work....
Happy Trading !!!
N.B. Not a finanancial advice to...
NSE:RELIANCE
Fibonacci extension resistance at 1.618 level around 3035 level. If RIL closes above 3035 level on weekly basis then next target level at 2.618 Fibonacci extension level around 3686 level.
cmp 2565
sl 2340
target 2872 and 3274
reliance is near an all-time high...we are preempting a big breakout above 2630 weekly close for 2 weeks. also we can see rounding bottom too
Price was moving up steady by taking trend line support. Now it has broken it and consolidating.
Trend direction deciding zone is 2916 - 2924. Safe buy is to watch how the price is reacting at the zone and trade.
Buy above 2900 with the stop loss of 2886 for the targets 2916, 2936, 2952 and 2978.
Sell below 2870 with the stop loss of 2886 for the targets 2854,...
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Options are a form of derivative contract that gives buyers of the contracts (the option holders) the right (but not the obligation) to buy or sell a security at a chosen price at some point in the future. Option buyers are charged an amount called a premium by the sellers for such a...
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...
Buy Reliance Industries above 2800 only with when it reverses from 2792, strict SL should be maintained. Do not enter into any trade before 3-18-24 11:40 AM.
Disclaimer:
I am not a Registered Analyst with SEBI and it is only for educational purposes. Please consult your financial advisor before making any decision. I will not be responsible for any of your...
Stock has already concluded a running triangle structure at OCt'23 low of 2220 and is rising in an impulsive manner. The measured target for the same is coming in the region of 3400.
Hence, stock is likely to continue it's uptrend towards 3400 with any weakness holding above the support zone of 2500-2450 in the coming months.
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...
Investing in the stock market can be both exciting and overwhelming. There are so many stocks and strategies are there that make it hard to decide where to invest. That’s where technical analysis comes in. It’s the study of market data to find patterns, trends, and potential opportunities.
To get started with technical analysis, you need to first understand...
well yes there is and here are the levels of reliance and then we got the fib golden ratio to back it up and if it didn't reverse from that area then there is a major demand level which is a strongest one and then we can expect it to reverse from there unless if there is no negative news of that and we can expect the reliance to take its upward ride in like 4 or 5...
