Reliance support coming soon; Planning to LONGMarket ki saari ummedein "Mota Bhai" per tiki hui hain. Ab Nifty ko yahi bacha sakte hain.
Daily timeframe support coming soon
I'll go long at "one green candle (of course with full body)" once it tests support line on daily timeframe.
SL and Target will decide afterwards.
RLI trade ideas
Reliance till 2357 not break buy on dip 2500 Target 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 trade can be taken above or below 23.6 and safe trade can b taken above/ below 41% ..
Please note:-
It's working on news based and volitile market very well so exit if SL hit
Reliance , Nifty50 and niftyit etc Call Trade 🤑💸👑👑👑Royal Trade👑
Reliance IMPORTANT LEVEL
We buy Put and my Target in Video
Dont buy any trade without stop loss
This is only level we upload new idea in morning 9.30
Buy when Market Break
The support or Resistance
and wait for the closing and
set stop loss at the
last opening of the candle.
NOTE
#We Are Not Promote Anything
#This channel Purpose to share market ideas.
Thanks for Watching🙏
RELIANCE LONG POSITIONNSE:RELIANCE
RELIANCE is looking good at this price point.
RSI bullish divergence on 1d time-frame.
Just crossed 50 and 200 ema on 1d.
Making higher high new wave.
Inverted head and shoulders at the bottom of the downward trend.
Making a new upward trend price action.
Crossing imp. fib level.
Taken support from important level on 27th oct.
Will it surge?Reliance has underperformed Nifty.
now it is moving up gradually.
It seems after 1 st wave rise ,its 2 nd wave is running correction,
Actual buy signal will be generated when it takes out the 4 th wave
position which is at 2368.
let us watch and enjoy.don't forget to like this podt if it is helping you.
Follow me to get updates.
Reliance nov23This is the daily chart of reliance market is in range
Try to break the range. If channel break wait for retest
The imp levels are drawn on the chart .
The mostly the market reverse on the resistance levels.
Wait for the price action near the resistance levels.
I do not recommend you to buy or sell the share, I just share my analysis with you guys.
Good luck🤞
Reliance - Bullish
Reliance trading above 200 SMA on Daily chart but major hurdle is 2342. Buy above this level to be sure.
11-14-23 9:32 AM
11-14-23 1:58 PM
Today's Important candles have been provided above.
Disclaimer: I am not a SEBI Registered Analyst. Please consult your financial advisor before making any decision. I will not be responsible for any of your profits/losses. This is only for educational purposes.
Let you grow. May! I follow you.
Reliance - Triangular Breakout
Drawn is a triangle in daily chart of Reliance and visualize that the triangle has been completely filled up. 2319.9 is -360 degree angle means the new wave will start from this level.
Price swing level are
High 2423.05
78.60% 2380.4533
61.80% 2347.0129
50% 2323.525
38.20% 2300.0371
23.60% 2270.9758
11.80% 2242.461489
Low 2224
Trade with confidence.
Disclaimer: I am not a SEBI Registered Analyst. Please consult your financial advisor before making any decision. I will not be responsible for any of your profits/losses. This is only for educational purposes.
Let you grow. May! I follow you.
Reliance Sale Sale Sale..Hey Guys my Views On reliance
Right now reliance is having low volume from days
Maybe this is the sign of some next big wave?
Currently the lows reliance will make to 2252 maybe next week
as macd diverging to sell area it need to wait
last break out was weak no volume thats why it was invalidated and sellers captured the market.
if reliance break bellow 2160 we might see more down movement till 1890
Adios amigos
Reliance - Update
1. Marked are the swing levels of reliance on the chart.
2. Yesterday's candle of 11-7-23 1:09 PM created resistance for the stock.
3. Today's candle of 11-8-23 11:18 AM is the most important candle for the stock.
4. Mark high and low of this candle in 1 minute chart and trade accordingly.
Disclaimer: I am not a SEBI Registered Analyst. Please consult your financial advisor before making any decision. I will not be responsible for any of your profits/losses. This is only for educational purposes.
Let you grow. May! I follow you.
Reliance IndustriesReliance Industries analysis shown on Weekly Chart:-
- Reliance Industries is trading below RSI 30 on Daily Timeframe.
- Its below 200 EMA on Daily Timeframe.
- Its expected to bounce back either from RSI 40 or RSI 30 on weekly timeframe.
Four Major Support levels for Reliance on weekly chart are as follows:-
- Support 1 @ 2100 (Qty 25%)- Its a Trendline Support (White Trendline) & Horizontal support.
- Support 2 @ 2000 (Qty 25%)- Its a 200 EMA Support (Red line) & Horizontal support.
- Support 3 @ 1850 (Qty 50%)- Its a Supertrend line Support (Green line) & Horizontal support.
- Support 4 @ 1670 to 1650 - Its a Major Horizontal support, Keep Stoploss at 1650.
Resistance marked with Red Horizontal lines may work as Targets:-
- Swing & Positional Target 1 @ 2400
- Swing & Positional Target 2 @ 2565
- Reliance Industries is a Nifty 50 stock with strong Fundamentals with long Term targets of 3500 & 4000.
This idea is for Educational purpose and paper trading only. please consult your financial advisor before investing or making any position.
Happy Trading :-)