RELIANCE PATH AHEAD Projection of RELIANCE stock on wave theory and fibonacci levels
Seems to be in uptrend in a channel
Will be confirmed after some price action.
Let see.
Bullish till 3350
RELIN trade ideas
Reliance Inds - Predicted High Low Range for 02 Dec 2022Reliance Inds – Predicted Intraday High Low Level for today.
Today Reliance Inds will trade in between the marked zones. Look to BUY at Green zone and SELL at Red zone.. Any breakout either side we can expect strong move towards the breakout side.
Along with these levels we should also confirm our entry with Price action.
Inverse Head and shoulder PatternRELIANCE INDUSTRIES - 4 Hour Timeframe.
Reliance industries forming inverse head and shoulder pattern, in 4 hour timeframe.
but this pattern needs to take a retest at nearest support area which is at 2650. after taking support if stock creates strong bullish candle then it will be a good Long trade.
Reliance Stock Analysis Updated.Reliance Stock Analysis Updated.
Reliance Stock is trading in the range between 2536-2642 for the last 1 month. If Price breaks on either side, we can see a momentum.
If Reliance Price sustains above 2642, ABCD Activates, more Upside Possible(Long) and Target is 2745.
If Price breaks 2536 on downside(Short), XABCD Activates and Targets are 2478/2459.
Reliance Inds - Predicted High Low Range for TodayReliance Inds – Predicted Intraday High Low Level for today.
Today Reliance Inds will trade in between the marked zones. Look to BUY at Green zone and SELL at Red zone.. Any breakout either side we can expect strong move towards the breakout side.
Along with these levels we should also confirm our entry with Price action.
RELIANCE H&S BREAKOUTRELIANCE breaking out with huge volume
making h&s pattern
target can be 2900+
can retest till 2630
educational idea only
Reliance (RELIANCE INDS): Time to take note of this giant...This week the price closed marginally above the 40 weekly moving average.
Important to note levels above 2675 as it could create momentum for an upward move.
Above 2800, it might touch its high of 2856 and even move higher to 3000.
Trade with a stop loss of 5-8%.
Note: Not a buy/sell recommendation. Do your own research and consult your investment advisor.
IT WILL ALWAYS GIVE RELIANCE Reliance is looking good on weekly chart by breaking falling trendline resistance after long time and gives a positive crossover divergence on MACD indicator too so we can see coming bullishness in this fundamentally strong counter.
Cause of long-:
1- Falling resistance trendline breakout.
2-MACD breakout.
reliance start moov in upsideReliance is now break the trend line and good to retest this trend line
you have buy now in Reliance is current market price
RelianceAlways follow Risk and Position Management❇️❇️
For more information like this follow me in Tradingview @Jagadeesh11616125
Happy trading
RELIANCE IS GOING ALL TIME HIGHas nifty is on 18300 and sudden reaction nifty it sector is bullish the trend on indian market is now to much bullish
reliance is highest weighted on nifty 50 so this stock is to much important is this.
there is gap also between 2675 to 2720
Buy Reliance28/11/2022
Buy Reliance @2660
Sl @2575
Target @2740-2820
Option Spread
Buy @2660CE @70
Sell 2740 @38
Max loss @ 8000 Max Profit @ 17000
Margin @25000/-
Reliance near the trend line on 1D timeframeRELIANCE near the trend line.
There can be an entry for Intra-day traders for both long and short position.
For Swing traders, wait for the price action to be formed. Buy calls if you find a green candle breaking the trend line. First target can be 2672 ~ for swing traders and the second target can be ~2800 if the market sustains the momentum.
For Intra-day traders you can short puts if you see a red candle tomorrow or go long if the trend line breaks in 1st hour of the session tomorrow.
Cheers. Happy Trading...
Reliance Long above 2630 - TGT - 2800 - SL - 2580NSE:RELIANCE
Open Interest analysis:
1. Short covering is visible in Reliance.
2. 5 day OI change = -4% and price increase 1.3%
Price action:
1. Risk reward ration 3.32
2. Breakout on daily timeframe chart above 2630--
patience: wait for Strong bullish engulfing candle
RIL LongReliance Long only If sustain 2630 at least 30 mins,....If sustain 2630 then sure shot up side....2670 and then gap filling till 2710.....Also observer W pattern till all time high....If sustain above 2700 then fast moment will come (look at previous candles).....
Big Boy Reliance : +15-24% Upside Potential25 Nov 2022 Reliance
Stock is hovering in the zone of 2500 +/-10% for the past 1 year, now showing some strength.
In Play : HH-HL
Summary
- Stock bounced from the VAH zone
- few weeks of low volume PB
- TL likely BO
- ATH is at 2856
Conclusion
- CMP 2618
- Test position can be initiated on BO of TL(as of now BO may fail : Low Volume @ TL)
- Rest Qty can be planned on RT of TL
- Higher targets could be around
• Short Term – 2757/2856/2928
• Long Term – 3038/3258(ATH @ 2856) need to see price action in the ATH zone to confirm higher targets
Wish You Happy & safe trading
Views are for ‘’EDUCATIONAL PURPOSE ONLY’’ trade at your own risk.
"Always Respect Risk"
Happy Trading
Jai Hind Jai Bharat
Reliance Industries Daily TFCNH formation is under process in Reliance on daily TF.
Can see 2680 if closes and sustains above 2632.
2680 is major resistance. Above this we can expect 2800-2815.
SL 2526-2530
Reliance - Perfect example of WyckoffSee this chart, it's perfect example if someone wants to know basics of Wyckoff theory
Reliance is at its Declined Trend line Support It's Short-Term Targets are 2679, 2783, 2859, 3170 in 3 to 5 months it is my personal view because it is entered in a new zone
Please Comment about my idea and give your review, I have only 2 years experience so don't follow me blindly, do your own analysis also, it is my second post on Tradingview
Investing is the ability to say "no" so that you can say "yes"Have a wonderful day, my dear friends!
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