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RELIANCE INDUSTRIES LTD

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RELIANCE trade ideas

RELIANCE Support & Resistance long levels Reliance Industries Ltd. (RELIANCE) is one of India's largest conglomerates with diverse interests across sectors such as petrochemicals, refining, telecommunications, retail, and digital services. Given its size and market influence, Reliance is a key stock in the Indian stock market, often reflecting broader economic trends. Identifying support and resistance levels for Reliance can help traders and investors make informed decisions. Support Levels: ₹2,400 - ₹2,420 (Strong Support Zone): If Reliance has repeatedly found support around ₹2,400 - ₹2,420, this could be a key support zone. A move below this zone could signal deeper correction, with the next support around ₹2,350 or ₹2,300. ₹2,300 (Psychological Support): ₹2,300 is a psychological level and may serve as a significant support point. If Reliance falls towards this level, there could be buying interest from long-term investors, pushing the price upward. ₹2,200 (Previous Low / Support): If ₹2,200 has acted as a strong point of reversal in the past, it may serve as a strong support level. A break below ₹2,200 would likely indicate a more pronounced bearish trend. ₹2,100 (Lower Support Zone): In a worst-case scenario, ₹2,100 might act as a lower support level, especially if the broader market faces a correction. If the price falls below this level, it would indicate significant weakness. Resistance Levels: ₹2,600 - ₹2,650 (Recent Highs / Resistance Zone): If Reliance has recently struggled to break above ₹2,600 - ₹2,650, this range would act as a strong resistance zone. A breakout above this range could signal bullish continuation. ₹2,700 (Key Resistance Level): The ₹2,700 level could act as a key resistance point for Reliance. A sustained break above ₹2,700 could lead to a rally toward the next resistance at ₹2,800 or higher. ₹2,800 (Major Resistance): If ₹2,800 has previously marked the top of the stock's price action, it could be a major resistance level. A move beyond this level would indicate strong bullish momentum and could open up the next target of ₹2,900. ₹3,000 (Psychological Resistance): As a round number, ₹3,000 is a psychological resistance level. If Reliance moves close to this level, selling pressure could increase from traders looking to lock in profits, making it a significant level to watch. Key Areas to Watch: Breakout Above ₹2,650: A breakout above ₹2,650 would be a bullish signal for Reliance, with the next resistance around ₹2,700 to ₹2,800. Traders would watch for a close above ₹2,650 for confirmation. Breakdown Below ₹2,400: A breakdown below ₹2,400 would suggest a weakening of the bullish trend, and the stock could move toward ₹2,300 or ₹2,200.
NSE:RELIANCELong
by EmpireCrown
"BE GREEDY WHEN OTHERS ARE FEARFUL.” Subject : During this period, I view the market downturn as an opportunity to acquire quality stocks at lower valuations for long-term investment. As mentioned above, I am particularly interested in key levels for potential entry points. I wanted to share these insights with all of you, hoping you find them helpful. Thank you, everyone!🙏🏻 The recent downturn in both Indian and global stock markets can be attributed to several key factors: 1. Monetary Policy Shifts: The U.S. Federal Reserve's recent decision to reduce the number of projected interest rate cuts for 2025 has heightened investor concerns. 2. Rising Treasury Yields: A significant selloff in long-dated U.S. government debt has pushed 10- and 30-year Treasury yields to their highest levels in nearly seven months. This trend poses a threat to stock valuations, as higher yields make risk-free government debt more attractive compared to equities. 3. Geopolitical Concerns: The potential return of Donald Trump to the U.S. presidency and his proposed economic policies, have raised fears of increased inflation and global trade tensions. These uncertainties contribute to market instability. * Escalating conflicts in regions such as the Middle East have increased market volatility and investor uncertainty. 4. Foreign Investor Behavior: In India, heavy selling by foreign institutional investors has exerted downward pressure on markets. This trend is influenced by global monetary policies and a reduced appetite for risk amid prevailing uncertainties. 5. Sector-Specific Declines: Sectors such as financials and information technology have experienced notable losses, further dragging down market indices. These combined factors have led to a bearish trend in both Indian and international stock markets in recent weeks. About Reliance industries limited 📉: 1. Weak Performance in the Oil-to-Chemicals (O2C) Segment: RIL's O2C business, a significant revenue contributor, has faced challenges due to shrinking margins amid global oversupply. In the second quarter of FY25, the company reported a 5% decline in net profit, largely attributed to poor performance in its oil refining and petrochemical business. This segment was significantly impacted by cheap Russian crude oil flooding the market, pushing product margins lower. 2. Delays in IPOs of Jio and Retail. 3. Slowing Growth in the Retail Business: RIL's retail division has encountered slower growth, influenced by factors such as rising real estate costs and increased. 4. Broader Market Trends and Investor Behavior. #valueinvesting. #indianstockmarket. #Reliance
NSE:RELIANCEEducation
by Sateesh07
Reliance Industries Ltd view for Intraday 11th Dec #RELIANCEReliance Industries Ltd view for Intraday 11th Dec #RELIANCE Resistance 1310 Watching above 1312 for upside movement ... Support area 1280 Below 1290 ignoring upside momentum for intraday Support 1281 Watching below 1277 or downside movement ... Resistance area 1290 Above 304 ignoring downside move for intraday Charts for Educational purposes only. Please follow strict stop loss and risk reward if you follow the level. Thanks,
NSE:RELIANCELong
by EmpireCrown
Reliance Inds cmp 1205.30 Weekly Chart view by Negative Phase*Reliance Inds cmp 1205.30 by Weekly Chart view - Indicatively trailing thru negative phase* - Stock has formed Bearish Rounding Top - Resistance Zone 1250 to 1280 Price Band - Interim Support Zone seen at 1165 to 1185 Price Band - Next Good Support Zone is seen at 1045 to 1075 Price Band - Volumes are steady but seen more on the selling side over past few weeks - Stock Price broke down below Rising Support Trendline & well under Falling Resistance Trendline - Weekly basis Support at 1145 > 1075 > 990 with the Resistance at 1298 > 1380 > 1490 > ATH 1608.80
NSE:RELIANCE
by PIYUSHCHAVDA
Reliance Industries Ltd view for Intraday 20th Dec #RELIANCE Reliance Industries Ltd view for Intraday 20th Dec #RELIANCE Resistance 1270 Watching above 1273 for upside movement... Support area 1240 Below 1255 ignoring upside momentum for intraday Support 1240 Watching below 1238 or downside movement... Resistance area 1270 Above 1255 ignoring downside move for intraday Charts for Educational purposes only. Please follow strict stop loss and risk reward if you follow the level. Thanks,
NSE:RELIANCELong
by EmpireCrown
Darvas Box in RelianceSimple method like Darvas box can also give good idea of trend. Darvas box are trading ranges in which stock prices moves. Applying strict rule in this method would lead to analysis paralysis. It looks obvious once we mark boxes around ranges. There will be some whipsaws at the edges of these boxes. Current level of Reliance seems to be at the bottom of the latest trading range marked by red box. Trading the box range is good method for swing trades if the box range is sufficiently large. I use this for mostly large cap stocks which are not very volatile. Hope this will encourage people to start making boxes on their favorite large cap stocks.
NSE:RELIANCEEducation
by yndesai
9
RELIENCE IS READY FOR NEXT HIGHThe provided chart depicts the price action of Reliance Industries Ltd. on a daily timeframe, showing a potential breakout setup. Here's a detailed analysis of the drawing: --- ### **Analysis**: 1. **Support and Resistance Levels**: - **Support**: The green dotted line near **₹1,300** acts as a significant horizontal support zone. It has been tested multiple times, affirming its strength. - **Resistance**: The red line at **₹1,315.50** serves as a key resistance. The price recently broke above this level, suggesting bullish momentum. 2. **Trendline**: - The green dotted ascending trendline indicates a gradual upward trend, implying that the overall structure remains bullish despite prior corrections. 3. **Breakout Confirmation**: - The price has breached the **₹1,315.50 resistance**, as shown by the blue upward arrow. This indicates a potential breakout with bullish implications. 4. **Candlestick Formation**: - The latest green candle with strong volume confirms buying pressure, further supporting the breakout scenario. 5. **Higher Highs and Higher Lows**: - The price pattern suggests a series of higher highs and higher lows, a classic indicator of an uptrend resumption. --- ### **Suggestion for Long Entry**: - **Entry Point**: Consider entering around **₹1,323.30** (current price) or on a slight retracement back to the breakout level of **₹1,315.50** for a better risk-reward ratio. - **Stop-Loss**: Place a stop-loss slightly below **₹1,300** to protect against false breakouts. - **Target**: Aim for ALL TIME HIGH - **Risk-Reward**: Ensure the trade maintains at least a 1:2 risk-reward ratio. --- This analysis suggests that the setup looks favorable for a long position, but it’s essential to monitor volume and momentum indicators for confirmation. Always align trades with your risk management rules.
NSE:RELIANCELong
by TheOptionsKid
Reliance - Bullish again and bouncing from strong supportLast 2 months Reliance was down due to Bonus Issue, spectrum allocation to skyline without auction etc etc. But value buying has emerged and as expected big players accumulated this stock and given buy recommendations in last few days is lifting the price. Risk - RBI policy in Dec24 but its golden mine for medium to long term investment. Disney deal, work with NVIDIA is sure price rise more than 100% or more in 1 to 2 years. Indias No one company proves it again they will multiply wealth every year.
NSE:RELIANCE
by venkatfx
[Positional] Reliance Buy IdeaNote - One of the best forms of Price Action is to not try to predict at all. Instead of that, ACT on the price. So, this chart tells at "where" to act in "what direction. Unless it triggers, like, let's say the candle doesn't break the level which says "Buy if it breaks", You should not buy at all. ======= I use shorthands for my trades. "Positional" - means You can carry these positions and I do not see sharp volatility ahead. (I tally upcoming events and many small kinds of stuff to my own tiny capacity.) "Intraday" -means You must close this position at any cost by the end of the day. "Theta" , "Bounce" , "3BB" or "Entropy" - My own systems. ======= I won't personally follow any rules. If I "think" (It is never gut feel. It is always some reason.) the trade is wrong, I may take reverse trade. I may carry forward an intraday position. What is meant here - You shouldn't follow me because I may miss updating. You should follow the system I share. ======= Like - Always follow a stop loss. In the case of Intraday trades, it is mostly the "Day's High". In the case of Positional trades, it is mostly the previous swings. I do not use Stop Loss most of the time. But I manage my risk with options as I do most of the trades using derivatives
NSE:RELIANCELong
by Amit_Ghosh
RELIANCEHow's the Josh Traders?? Here is a catch, Reliance industries is showing a bullish stance many TV analysist are Bullish on reliance, Everyone is Saying that Nifty has made its bottom and new highs coming soon. BUT WAIT !! HOLD ON..... Market has its Own structure and Travels along with its Waves (Elliot Waves), I have a Bold Judgement in Reliance beacuse Wave C is Still pending (WAVE ABC ARE CORRECTIVE WAVES IN ELLIOT WAVE THEORY) So Short Reliance Ind @1310-1330 Stoploss @ 1350 Target @ 1150 NOTE : This is for Educational Purpose please take trade according to your financial Advisor. HAVE A GOOD DAY TRADERS.
NSE:RELIANCEShort
by Trading_Bulls0000
2
Reliance Industries Dragon Fly Doji in Weekly chart at SupportHi this is Kapil, Reliance Industries took support at 1257 on weekly and monthly support area, Made Dragon Fly Doji on weekly chart as well Bulls can be seen pulling the price back above the support level of 1237. after 43% upside swing in one year from oct 2023 to oct 2024 the stock looks in minor consolidation period to a possible reversal we can plan adding reliance in our portfolio with annual returns of 25-20% for 2025 year. Next support below 1200 is at 1004. So add near here and @1015 Near term targets are 1405 and 1569 in 2025-2026. Special Note- Reliance will actually be used as index management tool so every hourly oversold portion can be seen as possible reversal for intraday basis. Consult your Financial advisor before making any decisions
NSE:RELIANCELong
by kapilbhama
Technical AnalysisTechnical analysis is a means of examining and predicting price movements in the financial markets, by using historical price charts and market statistics. It is based on the idea that if a trader can identify previous market patterns, they can form a fairly accurate prediction of future price trajectories. What exactly are the two types of technical analysis? Chart patterns and technical (statistical) indicators are the two main types of technical analysis. Chart patterns are a subjective type of technical analysis in which technicians use certain patterns to indicate regions of support and resistance on a chart.
NSE:RELIANCEEducation
by SkyTradingZone
1
6-Key Factors to Consider Before Buying a New Stock1. Understand the Business Company Overview: Learn about the company’s business model and the industry it operates in. Market Position: Assess if the company is a leader, challenger, or a new entrant in its sector. Management Quality: Research the track record and credibility of the company’s leadership team. 2. Analyze Financial Health Revenue and Profit Trends: Check for consistent growth in revenue and net profit. Debt Levels: A lower debt-to-equity ratio is generally safer. Profit Margins: Compare the company’s margins with its industry peers. Valuation Metrics: P/E Ratio: Helps gauge if the stock is overvalued or undervalued. P/B Ratio: Compares market value to the company’s book value. Dividend Yield: Look at the consistency of dividend payouts, if applicable. 3. Assess Market and Industry Trends Sector Performance: Identify whether the industry is in a growth phase. Economic Impact: Factors like interest rates, inflation, or regulations can influence the stock. Competition: Understand the competitive landscape and any potential threats. 4. Use Technical Analysis For traders relying on technical indicators, consider the following: Trend Analysis: Identify whether the stock is in an uptrend, downtrend, or sideways market. Support and Resistance: Check critical price levels for potential entries. Volume: Higher volumes indicate stronger market interest. 5. Evaluate Risk s Volatility: Is the stock prone to significant price fluctuations? Regulatory Risks: Ensure there are no ongoing legal or compliance issues. Sector Risks: Some sectors, like technology, can be highly volatile compared to utilities. 6. Align with Your Investment Goals Time Horizon: Decide if this is a long-term investment or a short-term trade. Risk Appetite: Invest based on your risk tolerance and financial capacity. Diversification: Ensure the stock adds value to your portfolio without overexposure. Final Thoughts Investing in stocks requires diligent research and careful planning. Always cross-check your analysis with reliable data sources and consult a financial advisor if necessary. Avoid emotional decisions and focus on long-term wealth creation.
NSE:RELIANCE
by tony_fx_sm
2