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RelianceInd GDS

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RELIN trade ideas

INSIDE BAR STRATEGYAn “inside bar” pattern is a two-bar price action trading strategy in which the inside bar is smaller and within the high to low range of the prior bar, i.e. the high is lower than the previous bar’s high, and the low is higher than the previous bar’s low. Its relative position can be at the top, the middle or the bottom of the prior bar. So now come to the theory of inside bar of how to take trade is The classic entry for an inside bar signal is to place a buy stop or sell stop at the high or low of the mother bar, and then when price breakouts above or below the mother bar, your entry order is filled. It’s worth noting that these are the ‘classic’ or standard entry and stop loss placements for an inside bar setup, in the end, experienced traders may decide on other entries or stop loss placements as they see fit. Stop loss placement is typically at the opposite end of the mother bar, or it can be placed near the mother bar halfway point (50% level), typically if the mother bar is larger than average. So I am sharing the entry and the Stop loss through the pictures I am sharing below.
NSE:RELIANCEEducation
by AMIT-RAJAN
2
What reliance is doing on chartsHello everyone, I have already shared Reliance analysis some couple of weeks ago. Our view was bullish for a target of 2600 which was achieved easily. You can re check that analysis for learning purpose. Reliance is still at our target of 2600, which is actually a PRZ (price reversal zone) as per harmonics pattern XABCD. Another interesting thing is the trendline you can see on chart. I have drawn this trendline as per line chart. Both PRZ and Trendline is actually merging at the same point, making it a strong resistance as long as it is below that. Today we get a weekly close which is actually still below this 2600 level (point D marked on chart), so we have to be watchful with reliance as if we open flat on Monday, we might see rejection from this point again. Best chance for upside is only if reliance opens gap up above 2600 and sustain above that with a retest. Keep learning guys... Have a nice weekend.
NSE:RELIANCEShort
by LBilgir
Reliance: another Bearish Engulfing in last 10 days?Reliance: Fibo 1: Level 2 completion, we make expect a 50% downside movement if it has to move up or also move above the 2610 level (marked with red line) this is the previous 50% level from where it has to give a trend breakout, back testing and move up further. Fibo 2: resistance at 0.236 level: 2590.7 again, matching with the Fibo 1 levels Fibo 3: Level 1 as ATH & Level 0: Low after that (30 Sept) till now, we have come to 50% levels 2583.6 and daily closing candle is again below these levels, overall signal looks in the downside. Caution: 1. may take support at 50% levels to complete a short reversal around 2433 level to 2390 levels 2. the previous 2 Bearish engulfing on 21st & 25th October have been unsuccessful
NSE:RELIANCEShort
by chetanpathare
reliance looks attractive at current levels . BUYBUY RELIANCE 2350-2370 STOP LOSS 2290 1ST TARGET 2561 2ND TARGET - 2785 3RD TARGET - 3175 reliance is trading in uptrend channel on daily , weekly and monthly chart, EVEN A DOJI HAS FORMED - FOR TREND REVERSAL 200 ema is super strong support except covid fall this not been broken in the last 5-7 years (laxman rekha) even today it has taken support and recovered, seeing the super strong fundamentals and future growth this definetly a buy this post is only for educational purpose, pls do your own analysis
NSE:RELIANCELong
by saagarbaid
1