On Our Harmonic pattern indicator based trade setup take trade as explained below :-
Early trades Buy or sell below/ above 23.6 %, safe trades buy or sell above / below 41% , after taking trade next upside or downside levels will be target ,
When reverse buy or sell signal appear then book profit on Target or trail SL to 23.6 % If trailing SL hit then early...
Symbol Reliance.
Time frame: 15 min
Analysis: The price is in th parallel channel so we can expect a target of 2960/2990
HOPE our analysis is adding value to your Trading Journey.
NOTE: Published Ideas are for ‘’EDUCATIONAL PURPOSE ONLY’’ trade at your own risk.
NOTE: RESPECT The risk. SL should not be more than 2% of the capital.
The entire pattern for Reliance Industries looks like ABC, especially as we have respected the upper end of a rising channel. This perfect channel was possible because the chart is adjusted for the demerger of Jio Financial Services. If your chart is not adjusted, it may not be the same. What are the implications? Watch the RMI and trend indicators.
Overall Commodity cycle has started.
RIL will benefit from it !
Cup & Handle Breakout at 2620 Levels
SL 2350
Target : 2850-3100-3260++
Market leader as well as big heavy weight in INDEX.
Reliance industries in trading in a channel and taking a short trend near upper channel with SL above the resistance zone has potential of giving good profits.
Sell - 2750 - 2740
SL - 2800
Targets - 2635, 2585
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Happy Trading!
InvestPro India
On Our Harmonic pattern indicator based trade setup take trade as explained below :-
Early trades Buy or sell below/ above 23.6 %, safe trades buy or sell above / below 41% , after taking trade next upside or downside levels will be target ,
When reverse buy or sell signal appear then book profit on Target or trail SL to 23.6 % If trailing SL hit then early...
Currently Reliance is at All time high close with Bull Flag pattern breakout.
Ride the trend until it closes previous day low or Previous Market Structure of Technical levels Stoploss is Rs.2658 for futures.
Long March futures and Buy 3000 Call option of Feb series - 2024.
Dear Team ,
As per my Observation at Reliance Forming an W Pattern .. Must Trade and Invest on Your observations and Capital Capacity
Thanks
I am Not SEBI Registered .
This Index giant is showing signs of breaking a channel. On daily chart, it has formed a rounding bottom. Whereas on technical indicator, RSI shows bullish trend for a medium term momentum. Any breakout above 2580 could bring further rally in the stock. Buy this stock if it sustains above 2580 on daily closing basis with at target of 2800 and a stop loss of 2445
Reliance can give a nice swing or positional opportunity if it breaks and sustains above 2700
or one can buy again when it dips at 2660-2650
with STOPLOSS at 2630-2630 if bought on dip or 2650 if brought on break
Target at 2790, 2830, 2850++
Note: if any trade or value has gone from the place we decided to enter then thats not our trade wait for it to come back...
On Our Harmonic pattern indicator based trade setup take trade as explained below :-
Early trades Buy or sell below/ above 23.6 %, safe trades buy or sell above / below 41% , after taking trade next upside or downside levels will be target ,
When reverse buy or sell signal appear then book profit on Target or trail SL to 23.6 % If trailing SL hit then early...
On Our Harmonic pattern indicator based trade setup take trade as explained below :-
Early trades Buy or sell below/ above 23.6 %, safe trades buy or sell above / below 41% , after taking trade next upside or downside levels will be target ,
When reverse buy or sell signal appear then book profit on Target or trail SL to 23.6 % If trailing SL hit then early...
Result point of view trade setup, as market will be opened on 20 Jan 2024, Result effect will come in Reliance, so one can look for 2720 CE available at 45 and 2700 PE available at 35, so in this case, gap up or gap down will give profit, if no volatility came, then exit from the trade on cost to cost on 20 Jan 24.
Please consult your financial advisor to...
On Our Harmonic pattern indicator based trade setup take trade as explained below :-
Early trades Buy or sell below/ above 23.6 %, safe trades buy or sell above / below 41% , after taking trade next upside or downside levels will be target ,
When reverse buy or sell signal appear then book profit on Target or trail SL to 23.6 % If trailing SL hit then early...
Result trade set up, high flactuation in Reliance can be come due to result on 19 Jan 2023, so put option of 2700 at 24 and call option of 2800 at 25 can be bought, if 100 pts gap up or gap down happened, then the value of the options can go 100. If no gap up or gap down came, then minor loss can be booked.
This is for educational purpose, please consult your...
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