RELIANCE - LONG - 1 DayOne can go long RR IS 1:1
With swing low SL. So accordingly Target Marked Too
RLI trade ideas
RELIANCE - Breakout Retest??With crude prices falling and RIL getting a waiver to buy Venezuelan crude..the margins should improve going ahead.
The price has done a breakout retest of its recent short term breakout and closed right at the neckline..
If the stock can bounce from here...then there is a short term trade here..
Long above 3025 with stoploss below 2950 or ideally below 2875.
The stock could retest its old highs of 3200 and a break above that could also be good for the markets in general. On the way up there is a results gap-down that needs filling.
RELIANCETrading near support zone 2900-3000
This is just an idea
Trade or invest at your risk
Consult your Financial Advisor before trading or investing.
Reliance trendline retest.If you look at the weekly chart, reliance was making Flag and Pole
As of now, it has broken the flag, and comeback for retest on weekly chart.
It it manages to remain above the flag, it may start a fresh rally, its good time for entering reliance when it comes close to the flag with the stoploss as flag
Reliance set for fresh RallyI am not too optimistic about Reliance in short term, however, I feel that Reliance has made 1-2-1-2 structure, and all set for a fresh rally starting Thursday. It should be a quick rally to cover about 200 points or 5-6 percent, before the budget, post which it should enter sideways zone..
Hourly Chart can show that its resting on 78% retracement, and a clear AbC wave.
Targets -
3275
3350
3450
Reliance industriesThis is educational purpose only, consisting of Stock market views based on price action,
Elliott Wave & Fibonacci. Views expressed here are not for investors/traders.
Do your own due diligence before investing/trading.
RELIANCE 8Hr TF! ** Shares of Reliance Industries
RELIANCE1!
down 2.2% at 3,037 rupees; among top losers in Nifty 50 index
NIFTY
which is down 0.7%
** Co reported first-quarter profit below estimates on Friday, hurt by weak performance at energy and retail segments
** Oil to Chemicals (O2C) earnings in FY25 seen muted considering weaker Q1 and uncertain margin environment over rest of year, ICICI Securities said in a note!
Reliance Elliot wave Elliot wave 4 may finished at the level of 2758
This analysis is my own idea.
I don't recommend taking trade based on this idea.
consult your SEBI registered adviser to Know the market risk before trade.
Reliance At a S/R level3000 is a Strong Support for reliance , you can see from the picture ,
We assume that a strong buying may follow from this level, This level will be an accumulation zone
RELIANCEYou can take a buy call just for before budget after that sell it no more further up move is seeing stock struggles a lot to give up move a good correction in nifty can leads to good fall in it
Reliance long chances Reliance need to stay or should support this level for further up move . We may see 3409 .
Reliance long chances Reliance need to stay or should support this level for further up move . We may see 3409 .
Symmetrical Triangle Pattern breakdown in RELIANCERELIANCE INDUSTRIES LTD
Key highlights: 💡⚡
✅On 1 Hour Time Frame Stock Showing Breakdown of Symmetrical Triangle Pattern .
✅Strong bearish Candlestick Form on this timeframe.
✅It can give movement up to the Breakdown target of 3064-.
✅Can Go short in this stock by placing a stop loss above 3196+.
#RELIANCE BREAKDOWN 15/07/2024RELIANCE as we expected. still intact on the upside view of a continuous bullish uptrend rally. there are vari some break even point target levels at 3210,3250 or 3300 may be touching the highest level before The Union Budget on 22 July 2024. Be aware of the market crash, And trade with risk 1:2,1:3,1:4,5,6........ profit always be on your side.
Reliance : Mota Bhai may be coming into action Reliance on weekly charts have made a very good price action, with a morning star formation on weekly charts and demand & supply confluence zone. Also the pattern has formed at an important support trendline which has historically in past acted as resistance before Covid, after that once it broke out of it, this trendline has acted as support in past few times.
Reliance may provide a thrust to Nifty (what I also believe that it is getting ready to fly) ; what it has been missing since last 10 weeks after making a ATH in Dec 2022.
Relaince still upside,My chart.This chart has been with me since long.
I had published in trading view too.
Its 3 rd wave is in progress.
Next possible levels shown in the chart.
If this chart helps you ,like it.
follow me to get updates.
Reliance 15 min time frame AnalysisReliance 15 min time frame Analysis for 12th July 2024 NSE:RELIANCE
stock makes Ascending Rising Wedge
RELIANCE - Sitting at Crucial levels!Overview & Observation:
1. Price is sustaining around the upper channel.
2. RR not favourable
3. If the price holds around current levels, a long position can be planned.
4. Wait for confirmation of a healthy breakout and candle formation.
W TF:
Trade Plan:
Entry Point: Post-breakout confirmation around 3000.
Stop Loss: 7-8%
Target: 10-12%
- Stay tuned for further insights, updates and trade safely!
- If you liked the analysis, don't forget to leave a comment and boost the post. Happy trading!
Disclaimer: This is NOT a buy/sell recommendation. This post is meant for learning purposes only. Please, do your due diligence before investing.
Thanks & Regards,
Anubrata Ray
Stock Near Breakout Relince Ind. Relince Inds Confirm Targets for 2024
Stock made resistance near 3000 / 3030 , If Break then Relince ind has Huge Targets for this Year . Short term Targets are as Given Below .
First Target - 3300
Second Target - 3500
Remark - Wait for Breakout and confirmation
Short Term Trading Opportunity in Reliance Ind or >7% upsideHi,
NSE:RELIANCE has given a Bullish Flag Breakout on Daily charts with very good volume.
MACD is also on the bullish side on Daily and Monthly time frames. RSI is also on the bullish side on daily, weekly and monthly time frames.
In the current market scenario, I am expecting that the bullish momentum will continue.
Complete price projection like entry, stop loss and targets mentioned on the charts for educational purpose.
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Please share your feedback or any queries on the study.
Disclaimer: Please consult your financial advisor before making any investment decision.
