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RELIANCE INDUSTRIES LTDRR

RELIANCE INDUSTRIES LTD

1,249.80INRR
+40.20+3.32%
At close at 10:29 GMT
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RELIANCE trade ideas

A Short Term to Long Term Investment Opportunity in Reliance IndHello Everyone, i hope you all will be doing good in your life and your trading as well. Today i have brought a stock which has formed a pull back and retest pattern in weekly chart stock name is Reliance Industry, it is most famous and most valuable company in india. Reliance was founded by Dhirubhai Ambani and is now promoted and managed by his elder son, Mukesh Dhirubhai Ambani. Ambani's family has about 50% shareholding in the conglomerate. Stock is really giving good entry at this price as it has already corrected 19%, and now it is showing some strenght, There was huge volatility in market due to USA Election. Today vix has been cool almost 7% means volatility is going to reduce in market. Well if i talk about reliance i think this is giving best entry for long term investment as well as short term to medium term. For short term i already have mention the targets. But i feel it will cross these targets which i mention here and it will give 100% returns in next 2-3 years. So if anybody wants to hold this for long term can hold from these levels. Technically and fundamentally it is very strong company there is no doubt about it. Now le't discuss about some fundaments. Strenghts:- Effectively using its capital to generate profit - RoCE improving in last 2 years Growth in Net Profit with increasing Profit Margin (QoQ) Company with Low Debt Strong cash generating ability from core business - Improving Cash Flow from operation for last 2 years Annual Net Profits improving for last 2 years Company with Zero Promoter Pledge Market Cap ₹ 17,82,145 Cr. Current Price ₹ 1,317 High / Low ₹ 1,609 / 1,149 Stock P/E 26.2 Book Value ₹ 606 Dividend Yield 0.38 % ROCE 9.61 % ROE 9.25 % Face Value ₹ 10.0 Industry PE 17.9 Debt ₹ 3,57,525 Cr. EPS ₹ 50.2 Promoter holding 50.2 % Intrinsic Value ₹ 523 Pledged percentage 0.00 % EVEBITDA 11.5 Change in Prom Hold -0.09 % Profit Var 5Yrs 12.0 % Sales growth 5Years 9.61 % Return over 5years 14.7 % Debt to equity 0.44 Net profit ₹ 77,652 Cr. ROE 5Yr 8.73 % Profit growth -0.59 % Earnings yield 6.17 % PEG Ratio 2.19 Disclaimer:- Please always do your own analysis or consult with your financial advisor before taking any kind of trades. Dear traders, If you like my work then do not forget to hit like and follow me, and guy's let me know what do you think about this idea in comment box, i would be love to reply all of you guy's.
NLong
by TraderRahulPal
4
Unlocking the Potential of Reliance Industries: A Technical PersObservations from the Chart: * Upward Trend: The overall trend of the stock is clearly bullish. The price has been making higher highs and higher lows, indicating a strong uptrend. The 50-day and 200-day moving averages are sloping upwards, further confirming the bullish trend. * Recent Consolidation: The stock has been consolidating recently, forming a sideways channel. This consolidation phase can be seen as a period of rest before the next upward move. * Support and Resistance: The support level for the stock is around the 2,600-2,700 range. The resistance level is currently around the 2,800-2,900 range. Technical Analysis: * Moving Averages: The 50-day and 200-day moving averages are both above the stock price, indicating a bullish trend. A golden cross (50-day MA crossing above the 200-day MA) would further strengthen the bullish outlook. * Relative Strength Index (RSI): The RSI is currently at 50, indicating a neutral sentiment. A reading above 70 would suggest overbought conditions, while a reading below 30 would suggest oversold conditions. * Bollinger Bands: The Bollinger Bands are contracting, indicating a period of low volatility. This can be a precursor to a breakout in either direction. Trade Ideas: 1. Buy on Dip: If the stock price dips towards the support level around 2,600-2,700, it would be a good buying opportunity. The stop-loss can be placed below the recent low. The profit target can be set at the resistance level around 2,800-2,900. 2. Breakout Trade: If the stock breaks above the resistance level around 2,800-2,900, it could signal the start of a new uptrend. The stop-loss can be placed below the breakout level. The profit target can be set at a higher resistance level or a Fibonacci extension level. Overall Outlook: The technical analysis suggests that the stock is in a strong uptrend. The recent consolidation phase can be seen as a healthy pause before the next upward move. Traders should monitor the support and resistance levels closely and look for buying opportunities on dips or breakouts. Important Considerations: * This analysis is based on the current price chart and market conditions. Market conditions can change rapidly, and it's important to stay updated with the latest news and developments. * Technical analysis is not foolproof. It's important to use it in conjunction with other forms of analysis, such as fundamental analysis. * Risk management is crucial. Always use stop-loss orders to limit potential losses. I hope this analysis provides a comprehensive understanding of Reliance Industries' price chart. Remember to do your own research and consult with a financial advisor before making any investment decisions.
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by Stock_market_signals
Reliance Ind - Perfect buy! (Golden ratio + Change in polarity)Reliance industries gave a breakout from it's trading range in January, since then after making a high around 1600 (after split) has retraced 61% of it's upmove. (Fibonacci Golden ratio) It is also taking support at it's previous trading trading range high, exhibiting perfect 'Change in Polarity'. Change in Polarity refers to a market structure when price takes support at a previous resistance after a breakout, or when price takes resistance from a previous support after a break down. Trade details Enter long above 1300 Stop loss at 1250 (2% from entry) Target 1580-1600
NLong
by Tej10
Stock in Support Zone: Reliance Industries Reliance Industries is trading near the strong support zone of 2606 and 2650. 2606 level had been the strong resistance zone in July 2023. However, it was broken in Jan 2024. Reliance attained the peak level of 3206 in July 2024. However, the volume level did not justify the price levels. The stock is experiencing selling pressure. If the current levels are held in the weekly closing, we can expect consolidation followed by an upmove. However, volume confirmation has to be ensured before fresh entry. Verdict: HOLD tightly if you have already entered and AVERAGE if the current levels are intact on weekly closing
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by shanmurali
Reliance is at a strong reversal zoneRelianceCMP 2677 Elliott- the ABC correction is a zig zag. The C wave is always the sharpest and in my view it is complete. Fib- its at 38.2% Fib retracement of its recent swing lows. This means strength. Trendline- support at the fib support is telling me this correction is over. Oscillators- now we need reversal signals from the oscillators for confirmation. Conclusion - though we still dont have a reversal signal in my view this is a high prob reversal zone.
NLong
by singh17vivek
May take support near 2600-2640Reliance Industries Share Price Analysis Current Market Context: As Reliance Industries Limited (RIL) approaches the price range of ₹2640-₹2600, it finds itself at a critical support level. This range has historically been significant for the stock, and market participants are closely monitoring price action for potential trading opportunities. Support Analysis: Historical Significance: The ₹2640-₹2600 range has acted as a strong support zone in previous trading sessions. This level represents an area where buying interest has consistently emerged, allowing the stock to rebound and move higher. Volume Indicators: Increased trading volume around this support level could signal strong buyer interest, reinforcing the potential for a bounce back. Traders should watch for spikes in volume as the stock approaches this range, which could indicate accumulation by investors. Technical Indicators: Key technical indicators, such as the Relative Strength Index (RSI) and moving averages, can provide additional insights. If the RSI approaches the oversold territory while the stock hovers near support, it may suggest that the stock is poised for a reversal. Potential Scenarios: Bullish Reversal: If Reliance shares hold above the ₹2640-₹2600 support level, it may attract buyers, leading to a potential upward movement. A break above recent resistance levels could pave the way for further gains. Bearish Breakout: Conversely, if the stock fails to maintain support and breaks below ₹2600, it may signal a bearish trend, prompting traders to reevaluate their positions. This could lead to increased selling pressure and further downside. Conclusion: Investors should keep a close eye on the ₹2640-₹2600 support level for Reliance Industries shares. Monitoring market sentiment, trading volume, and technical indicators will be crucial in determining the next steps. A solid bounce from this support could present a buying opportunity, while a decisive break below may warrant caution. As always, consider risk management strategies and conduct thorough research before making investment decisions.
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by mukeshkg2009
1
Reliance in confluence of demand zones- Long OpportunityReliance is currently sitting in the weekly and daily demand zones, providing strong support. weekly zone Daily zone: However, the price has yet to reach the 4-hour and 2-hour demand zones, which are located near the bottom of the weekly and daily zones, adding further strength to this area. For an ideal long entry, wait for the price to touch the 4-hour and 2-hour demand zones, as this will reinforce the potential reversal. Once these zones are tested, a breakout above the key trendline could signal a bullish move. Monitor the trendline breakout as confirmation to take a long position.
NLong
by JS_Trading_Tradingmadesimple