Reliance Futures Intraday/Short TermReliance Futures Intraday/Short Term Support and Resistance Trade with Levels and You will be fineby Singh_Siddz6
RELIANCE FUTURE BEARISH SYMMETRIC TRIANGLE PATTERN FORMATION RELIANCE FUTURE BEARISH SYMMETRIC TRIANGLE PATTERN FORMATION Breakout Level - 1930. If Breakout and hold then next Support levels - 1900/1840. Shortby Jasarena20223
RELIANCE FUTURES Study purpose Reliance future Reversal entry @ 1873 SL 1835 for target 1950/70/2000by Mani0050
#Reliance - possible pause to the downfallReliance may have completed an a-b-c correction or W of W-X-Y, we can now look for a upmove, if it is in 5 waves, the trend may be resuming upwards, else we are possibly headed down once more after that to the 50% correction range before a the larger trend resumes.Longby SolomonsViewUpdated 1
RELIANCE: When was the last time you saw the stock down over 8%?RELIANCE sells off with a historical one-day fall of 180 points. The stock has been in a downtrend for some time and never managed a bounce back for pull-back traders to initiate a short trade. Over the past three weeks, the stock has corrected significantly from its recent high of 2300. Not to forget the fact that RELIANCE is the top-weighted stock in the bourse. So how far will it fall? This is the daily chart of RELIANCE wherein I have marked important zones of demand and supply which have proven itself in the past. On top of that, I have plotted the Fibonacci Retracement to find confluences. And yes, we do have a few of them. First, the range of (1790-1820), which is the immediate support for the stock. Considering the momentum with which the stock corrected today, we can expect a soft landing at this zone soon. It's a little far fetched, but the zone of (1600-1620) is a very strong support range for the stock, which we do not expect to get tested anytime soon, but will definitely keep in mind if things go really bad. Any counter bounce back from current prices, of course, will face multiple resistances of which the first one is at the psychological 2K level. Strategically, if you are short on the stock and making money, then it’s a good idea to protect open profits by trailing stop loss. And if you are contemplating a buy at lower levels in your cash portfolio, then a staggered approach below 1850 towards 1790 is advisable. Trade Well. Trade Wise. by Abhijit_Paul1
RELIANCE BUY POSITIONALRELIANCE TAKE PERFECT SUPPORT WITH BULL PIERCING ENTRY - 2032 STOP - 2000 TARGET 1 - 2142 TARGET 2 - 2196Longby KARTHIK_RAVIUpdated 1
Reliance Futures Important Support and Resistance for Short TermTrade with Levels and You will be fine.by Singh_SiddzUpdated 3
Reliance good buy signalTGT 2080/2100/2148 SL 2000 NoV 2080/2100CE may be a good bet. Good support zone near 2000.A bounce back may be possible. Disclaimer: Ideas for learning Only.Longby MyKEYtoSENSEXUpdated 0
#Reliance Short trade with Risk definedRelianceInds bounce yesterday was more of a wave c of 2, this means the previous view remains intact. A Risk level is now defined around the 2307 area and target being 2100 area.Shortby SolomonsViewUpdated 1
Bearish On RelianceRSIStairs broke down below 50 and nearest support level, for the first time after 21st April. It has given a breakdown from the #SymmetricalTriangle pattern too. Is this the start of end of long term bullish trend? Possibly yes. Not necessary it will go down to wires. But a definite point of exiting the longs. Either it will go under consolidation or give a deep correction before resuming its primary trend. Shortby TradersVenueUpdated 1
#RELIANCE - look for a downmove to 2100 to complete ZIGZAGReliance Inds' move post the top is taking the shape of a zigzag with Wave A and B complete. We should now see Wave C head down in 5 waves to the center of the large triangle it formed in Aug. 2100 is a area it can find support. That should then turnout to be a great bullish setup, we'll discuss that later as we see price action around that leve.Shortby SolomonsView220
Relaince fut CMP 2229 buy above 2243 for Target 2250- 2260- 2270Relaince fut CMP 2229 buy above 2243 for Target 2250- 2260- 2270-2279- 2890-2300+ Buy when candles are going from bottom to top - Don't buy when candle coming down from top to bottom Please note when I m telling candles in Intraday means 15 min - else I will use specific time frameLongby Bilal_Kazi0
BUY RELIANCE SEP CMP 2119 MORE ADD 2112 STOP LOSS 2104 BELOW TGTBUY RELIANCE SEP CMP 2119 MORE ADD 2112 STOP LOSS 2104 BELOW TGT 2145 / 2180by krrishcommodities0
2 ways to trade #Reliance on the long sideReliance seems to be in a 4th Wave Elliotwave triangle. An agressive trader could go long now with a SL below the wave e ( red line) . A conservative trader could wait for the blue line above to be broken ( wave d high) and then enter. Thrusts out of triangles are swift and sharp Longby SolomonsView0