future i marked some demand zone for really progressive company , you may laugh on me but my analysis show it will come in near future.
Trade ideas
Reliance double bottom formationReliance double bottom formation
second leg in the formation at 200 days moving average
Reliance - Update
Attached are 12 M , 1d and 1H charts of Reliance.
1. 12M Chart shows 2282.25 is the pivot and R1, i.e. Fibonacci 8 Level as per my customize indicator is 2284.95.
2. 1D Chart shows that taking high of the present swing as 2621.7, 2295 is the zero Fibonacci level.
Price is just above 200 SMA shown by white curve.
3. IH chart also confirms the same.
4. Elliot Wave: In my earlier discussion, on the stock, Elliot curve analysis showed that the lowest level till where it can retrace is 2370.25. Link provided.
5. Price data of Reliance shows that the low of 9th October is 2295 4th September is 2295.1, so lowest level of October 2023 has not been broken so far.
6. Price Levels for 23-09-2023 are
Last closing 2296.3
Sell Below and levels 2272.41 2248.63 2224.98 2201.46 2302.29 2308.29
Buy above and Levels 2320.32 2344.46 2368.74 2393.13.
7. Next important candles are 10-23-23 2:42 PM. 10-26-23 1:35 PM and 10-29-23 12:28 PM.
Mark highs and lows of these candles and buy only above highs and sell below.
Conclusion: Reversal of cards for Reliance Industries, but don't be in haste. Specially adhere to the level of time mentioned in 7 above. Use other indicators like William R% and SMAs/EMAs.
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.
RELIANCEPrice Action Trade in Big Elephant RELIANCE
Wait For Break 2360+
SL Below our level
Note :- Friday ko iske Result he,Zyada tar market close hone ke bad hi aate he , Work With SL
RELIANCE INDS- bullish harmonic- dailySpotted RELIANCE INDS- Bullish harmonic- daily time frame.
Study-Practice-sharing
Educational purpose only.
This is not a recommendation -
I am not SEBI registered - Do not TRADE/INVEST basis what I publish here.
I am not responsible for your loss or gain.
Inspired by - Trading Mirror telugu
Reliance - update Live Market Analysis
Buy Reliance - 12 Months previous swing high Level is 2304.45. Stop loss 2392
Will Reliance continue its Downtrend ?The price declined about 13% from the high of 2631. Also the degree and nature of separation of ema bands indicates a downtrend. If the price is rejected from the level of 2362 then it will continue its downtrend. And for an uptrend the price has to break the resistance zone with momentum. It's important to consider, the long-term band is in the resistance zone. So wait for the price to clear its trend. Currently we are at make or break levels.
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Disclaimer: This is my pre market analysis and my trading journal. Not a suggestion to buy or sell. This material is only for educational purposes.
Thanks
Er. Simranjit Singh Virdi
Reliance By BULL 💸🤑🙏💸💸💸👑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 Reliance trading around resistance
If it breaks above it we can go long on reliance. We have a bullish engulfing in Weekly as well.
expecting it to give good momentum above the zone.
Refer the image for more details.
comment if you have any questions or queries.
Stallintdr
Reliance trade setupIt can be marked that the stock has bounced back from 2290 twice. If crosses 2360 with momentum, can go to 2400 or 2460.
MACD is showing a likely crossover.
Sustaining below 2310 will show the weakness on the charts.
Also, according to the setup (if works), the risk-reward ratio is good.
Exit any trade, if it violates your risk management.
Only for learning and sharing purposes, not a bit of trading advice in any form.
All the best.
RELIANCERELIANCE looking good after breakout of supply zone we can go for long.
wait for candle close.
NOTE- Only for Education Purpose.
Please Give A Like If You Like
FOLLOW FOR MORE
$NSE:RELIANCE Looks bullish for Mon 16th, but follow strict stopNSE:RELIANCE Looks bullish for Mon 16th, but follow strict stop loss.
Ignore if huge gap down or gap up.
Disclaimer:
This is not a financial, investment or trade advice. Its only for educational purpose.
$NSE:RELIANCE Looking bullish for tomorrow, but follow strict stNSE:RELIANCE Looking bullish for tomorrow, but follow strict stop loss.
Disclaimer:
This is not a financial, investment or trade advice. Its only for educational purpose.
$NSE:RELIANCE Looking bullish, but follow strict stop lossNSE:RELIANCE Looking bullish, but follow strict stop loss
Disclaimer:
This is not a financial, investment or trade advice. Its only for educational purpose.
RELIANCE It will take support area as 2465 or trend line 1 to 2 months it will go upside movement is there.
As per me.
and as per you which movement is expected.
but it will make the head and holder pattern made, look like a fall position.
let's see what will give and stop loss will be trend line and support.
I'M EXPECTING FALL, BELOW TREND LINE BIG FALL.
Will Reliance complete its ABCD pattern?Will it take support around the historical peak, or will it complete the ABCD pattern?
On the daily chart, we can observe that Reliance is attempting to find support at its previous peak after undergoing a significant correction from its high of 2621. A decisive drop below the historical swing high, which is located at 2339, could potentially trigger a further correction in the stock price. This correction might eventually lead the stock towards a potential reversal zone ranging from 2287 to 2253.
RIL - Short tradeWith GRM's at a multi year low and export taxes..expect headwinds in the company.
Short below 2338 with SL abovee 2350.
Reliance Buy Call By Big Bull 🤑🤑👑💸👑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 - Sideways
Its bound in the ellipse. Next two candles will decide the fate. Levels have already been given in earlier discussion.
Reliance- Elliot Wave
Presenting here is the Elliot Wave structure of Reliance. For the purpose of ease of understanding I have drawn only the main motive waves and in between skipped small counter waves in ABC.
Now, it closed above 2293 making a low of just .1 below the closing of 4th September.
Going further, this could be the point of reversal in Reliance or worst cum worst it is the white horizontal line at 2270.25. So, please wait and watch for an hour or so after opening of the market and previously mark high and low of candle mentioned yesterday i.e. 2:05 p.m and buy above that only. Today market may remain quite and sideways and from tomorrow trend reversal can be seen. Important candle going further up is 10-12-23 12:53 PM
Mean while, Better would be to check that weekly high is 2317.3, which has been broken, let it regain that.
Thank you.
