Reliance Industries - Daily Time FrameSharp rejection from a retracement of 0.382 of the previous swing.
It tested the trendline multiple times.
Currently in the demand zone, if that is broken, we can see more downside—targets in the chart.
RELIANCE trade ideas
intradayyou can buy on breakout or you can sell at resistance depend on the candle
both side potential
avoid first 15min breakout
wait for 15 min candle closing
targets are marked
if the breakout comes after 10:00 am then the probability of winning will be more.
follow risk management
do your own analysis
do workout
do meditation
start reading books
LONG RELIANCELong Reliance Futures at current market price @ 2380 and Target Till 2500-2600 as 1st and 2nd target.
Stop-loss - 2200.
Reliance bearish viewReliance has been respecting the downward sloping trend line . Ideally it should go towards 2290 to grab the liquidity over there & re-test the trend line again. if the re-test fails to break the trend line then we can see a sharp 100 point drop towards the next liquidity point.
P.S: this view is negated if Reliance breaks the downward sloping trend line .
Reliance Showing Initial Sign Of Weakness!Reliance Showing Initial Sign Of Weakness Near ~ 2424, And Weak Volume Appears Hourly Chart. Sell Near ~ 2425, 2435, With Stop ~ 2451, For Target ~ 2330. Expected Target Feb Expiry.
RELIANCE 15M TIMEFRAME On 15M timeframe Reliance industries Trading in the Channel. Looks a good price action. Trade at your own analysis too.
ReliancePrice is consolidating in a narrow range. Buy above 2400 with the stop loss of 2370 for the targets 2430, 2470 and 2510. Sell below 2350 with the stop loss of 2380 for the targets 2320, 2280 and 2240.
intraday relianceboth side potential
you can buy on breakout or you can sell at resistance
avoid first 15min breakout
wait for 15 min candle closing
targets are marked
if the breakout comes after 10:00 am then the probability of winning will be more.
follow risk management
do your own analysis
do workout
do meditation
start reading books
RELIANCE INDS 1D TREND FORCASTHi, trend pattern forming from its past.. check out I have analyzed some trend forming.. its simple to understand.. I thought my efforts may useful for community..
Reliance - The Reason for next fall in NIFTYCan Reliance be the next reason for the Fall in Nifty ?
keep an eye on Reliance
My views are completely for educational purpose, Kindly consult your financial advisor before taking any trades.
Buy in Reliance Buy in Reliance as the major swing has been broken and the prices instead of sustaining downwards quickly bounced inside the price range. Buying around 2328 and SL 2293 possible targets 2424, 2468, 2546
Reliance short Reliance short below 2430 stop loss 2440
Targets 2410, 2390,2375.
Reliace is in Descending triangle.previously cluster formed at same levels between Jan 16th to Jan19th it consolidated and breakdown happened samething expecting again.
reliance flag and pole pattern 2400 round levels support + flag and pole pattern trading setup for intraday
just ready to buy trade okh
ReliancePattern looks nice and looks bullish structure... close above 2450 should look for 2575 2600
Reliance hourly - Flag & PoleReliance - As shared earlier in previous analysis, Reliance is getting ready ...so positional shorts in index needs to be careful
If My reading is right, we already have a MCB in option chart of Reliance 2500CE...
Reliance Industries on daily chartReliance good looking price action falling wedge trendline resistance three times tested .We can see good breakout of Wedge at 4th drive with good potential
Reliance Reliance at near trendline which gives good sell opportunity at around 2440 for target 2425, 2410 and 2381.45 and good buy above 2447.5 after breakout of a trendline for targets 2464 & 2492.
Trade wisely at your own risk,
Good luck, Jai hind
RELIANCEIn the Weekly Chart of RELIANCE,
we can see that, after breaking the trendline, it has given a first pullback.
We can 2200 levels again.
This can make the NIFTY week.
Reliance IndustriesReliance Industries LTD
Sell below 2290
Target 2150 and 2000
sl 2420
Closing below 2290 will intiate a short trade for huge targets for short term
Reliance Industries Stock Analysis Reliance Industries Stock Analysis
Reliance Industries Stock created a Double Bottom in Daily & Hourly Timeframe
and also trading at Important Weekly Support.
2310-2325 is a good Buy Level with 2295 as Stop Loss.
Targets are 2387/2450/2469.
