RELIANCE in Bearish Trend: Should You Buy or Sell?
Based on the chart, RELIANCE INOS is in a bearish trend. The price has been falling for a while, and it is now at a support level of 2313.95. If the price breaks below this level, it is likely to continue falling. However, if the price can hold above this level, there is a chance that it could rebound.
Here are some of the key observations from the chart:
The price has been falling for a while, forming a series of lower highs and lower lows. This indicates that the bears are in control.
The price is now at a support level of 2313.95. If the price breaks below this level, it is likely to continue falling.
The price has been consolidating at this support level for the past few days. This indicates that there is some buying pressure at this level.
The volume is relatively low, which indicates that there is not a lot of interest in the stock at the moment.
Overall, the chart suggests that RELIANCE INOS is in a bearish trend. If the price breaks below the support level of 2313.95, it is likely to continue falling. However, if the price can hold above this level, there is a chance that it could rebound.
Conclusion:
Investors should be cautious about buying RELIANCE INOS at the current time. The stock is in a bearish trend, and there is a risk that it could continue to fall. Investors should wait for the stock to show some signs of strength before buying.
Trade ideas
Reliance -11:22 a.m. candle with price levels marked on the chart within copper horizontal lines created resistance for Reliance. So that should be taken as resistance until crossed.
Swing Levels are also marked as on the chart.
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.
Buy Call in Reliance ,Nifty-50 and Bank nifty 1 Nov Trade 🤑💸👑Royal Trade👑
Reliance IMPORTANT LEVEL
We buy Call 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 - update
1. Reliance at the bottom of Triangle drawn has a greatest support at the green line drawn.
2. The price is taking support at red 50 SMA in 1H.
3. Provided are the swing levels for last 4 days,
5. Today's Candle 11-1-23 11:22 AM is most important for the Indian Market. Mark high and low of this candle 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.
Let you grow. May! I follow you.
Reliance - Update
1. Reliance is above 200 SMA in daily chart which is taken as a bullish signal.
2. Major Resistances and Supports have been drawn on the chart by way of Green Horizontal Lines.
3. Fibonacci Levels have also been provided. 2272.65 is the 50% Level. If you are already in, place your SL just below there and if not buy only above it and sell below.
4. Next important major candle is 11-4-23 10:15 AM
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.
📉 Alert! Bearish Pattern Spotted! 🐻📉 Alert! Bearish Pattern Spotted! 🐻
📊 Pattern: Falling channel
📌 Symbol/Asset: RELIANCE
🔍 Description: Stock is in a falling channel and we might see correction from the resistance.
👉 Disclosure: We are not SEBI registered analysts, this is not a buy or sell recommendation. Technical patterns are just one piece of the puzzle. Consider conducting further research, consulting with a financial advisor, and managing your risks appropriately.
RELIANCE INDUSTRIES: What Chart says ?RELIANCE INDUSTRIES:Market heavy weight announced its Q2 Results. How the chart is placed ?
Reliance formed a weak Flag pattern in daily chart indicates a possible rally towards 2280 followed by 2300 -where its 200DEMA also lies .Major resistance :2340-60 and breaching the resistance is likely to trigger a big rally towards 2400+.
Major support lies at 2220(For Educational purpose only
Reliance - Update
Be patient for tomorrow and wait for market to stabilize. Read carefully the note written on the chart and if found perfect please confirm (or otherwise) with a way of comment.
1. Providing you are the price levels for tomorrow:
Last Low 2235.95
Sell Below and Levels: 2212.36 2188.91 2165.58 2142.37
Buy above: 2241.86 2247.78 2259.65 2283.48 2307.44 2331.52
2. Time Candles have been mentioned on the chart. Mark high and low of the past candles to get perfect supports and resistances.
3. Price levels mentioned above are applicable for only Reliance. But, time levels as mentioned on the chart are applicable for whole of the Indian Market. Decide the relevance of both of them and make an independent decision.
Let you grow. May! I follow you.
RELIANCE 16.10.2023Reliance Industries Ltd. is interesting chart with following
1. Trading near major support zone of 2260 -2300 levels
2. 20 Months SMA support at 2310 levels
3. Bullish Engulfing candle on weekly chart
4. ABCD pattern under formation though confirmation awaited.
5. Looks good in terms of risk reward
Disclaimer: I am not an expert I just share interesting charts here for educational purpose and not to be taken as buy/sell recommendation. Please seek expert opinion before investing and trading as trading/ investing in market is subject to market risks. I do not hold any position in the stock as on date but I may look to buy on dips with my own Risk Reward matrix.
Reliance - Update
1. Please go to one minute chart and check that yesterday's candle of 1:35 p.m. showed slight recovery and low of it has not been broken yet. Speaks of recovery from here.
2. Buy only when price remains above this candle or retraces back above this candle.
3. Marked are two white rectangles, these rectangles are very crucial.
4. Today there is no special candle in the Indian Market which will dictate the trend, Means previous candles pose resistances. Buy only gradually when high of these candles is broken.
Timings of three previous candles which acted as resistance are: 10-23-23 2:42 PM, 10-18-23 10:39 AM, 10-15-23 11:46 AM and of course yesterday's candle of 1:35 p.m. Future candles dictating the trend for Indian Markets are 10-29-23 12:28 PM and 11-1-23 11:22 AM
Price Levels are
Yesterday's Low 2220.3
Sell Below 2196.80 2173.42 2150.18 2127.05
Buy Above 2226.19 2232.09 2243.92 2267.67 2291.54 2315.54
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 or losses
Reliance near support levelsAt current levels, Reliance looks good from medium to long term perspective
Consider Accumulating at current levels and on dips for target of 2450 / 2620 / 2840
Take care & safe trading...!!!
Disclaimer
-The view expressed here is my personal view
- Past performance is not a guarantee for future predictions
- I have been wrong in the past and can be wrong again in future too
- Use this for educational purpose
- Any decision you take, you need to take responsibility for the same
- It's your hard earned money. Treat it wisely
- Trade / Invest keeping in mind your trading style, goals and objectives, time horizon & risk tolerance
- if trading in F&O, understand that F&O trading involves risk
- Do take proper risk management measures
- Do your own analysis and consult your financial adviser if need be
Reliance Update - Live Market Analysis
1. Marked are the price Levels on Chart
2. Today's Most important candle is 10/26/23 1:35 PM
3. Market is a white channel. Most important level and not likely to be broken.
4. Corrigendum: In the last idea I had written the figure 2349.4 of 12th October, in fact it is 2249.4.
Please adhere to proper price and time levels.
Only for educational purposes. Please consult your financial advisor before making any decision
Reliance Buy Put 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 - Update
1. In the daily chart, drawn are
(a) Vertical Lines.
(b) Red Circles
(c) and copper, green curves
2. Red circles are forming a Horizontal Point showing that in the past it was a resistance and now has become a support.
3. Vertical Line and corresponding curve(s) are drawn with reference to lowest price and corresponding Williams R%. Whenever, William's R% touches lower white horizontal line, price bounces back.
4. Last swing of Reliance started from 2200.
5. 23rd October is 15 degree of Indian Market and price bounce back from here. Next two important candles for Indian Markets are 10-26-23 1:35 PM and 10-29-23 12:28 PM. Besides this, Last important candle was 10-23-23 2:42 PM.
6. There was buying done by FIIs on 13th, 17th, 20th & 23rd October, so levels of these dates also become important.
7. On 12th October Delivery rate of overall was 60% at 2349.4, so, this level become all the more important.
8. Option shows
a. Huge put support at 2200, then on 2300 there are lesser put support as compared to calls. . On 2400 there is huge call selling. However, we know that on Tuesday's Option data changes sharply because calls generated on Friday are generally liquidated on Tuesday and vis versa. Those who know how to read option data may also scrutinize this also
b. Till 15th of November, Reliance may give 100 points rally.
Important Note for execution:
a. Mark high and low of 10-23-23 2:42 PM this candle and buy only above this.
b. Price levels for today are:
RELIANCE Sell Below and Levels 2231.56 2208.01 2184.57 2161.27
Buy above and levels 2267.137993 2279.05 2302.98 2327.04 2351.22
Disclaimer: I am not a SEBI Registered Analyst, please consult your financial advisor before making any decision.






















