RELIANCE
Reliance Industries (RIL) levels & Strategy for Next Few DaysDear traders, I have identified chart levels based on my analysis, major support, and resistance levels. Please note that I am not a SEBI registered member. Information shared here for educational purpose. Please don’t trust me or anyone for trading/investment purpose. Focus on learning how to fish, trust your own skills and please do consult your financial advisor before trading.
RIL is trading near major support level. RIL is the biggest heavy weight stock in Nifty. Today Nifty closed in negative -216 points.
Today, RIL alone contributed 50 plus points (nearly 1/4 of the total fall in Nifty).
Is it going to reverse from here ? or
Will RIL continue to slide ? 1. After increase in Windfall Tax 2. Weakness in Crude Oil Prices
Please review & share your comments. as well.
Have a very happy, healthy & profitable day ahead!
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Reliance rocket above 2670On the daily chart the stock is trading near swing high resistance and breaking above 2670 will make a successful breakout.
Potential target will be till resistance line which is placed near 2720.
Reliance Idea for 24 August, 2022 - TradesetupSince this is the second time Reliance is entering the resistance, it is expected to breach the zone and
We can go long once Reliance crosses 2652. with a 10 rupee stop loss. The short term target is 2672. A Risk/Reward ratio of 2:1.
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Relaince~ made Endinging Digonal 2550, 2500 level possibleNSE:RELIANCE
short
CPM~ 2613
Target ~ 2550, 2500
short signal~ ending diagonal..
Reliance Short Term View (AUGUST 2022 Only)Stay Long Above 2613, T1 - 2663, T2 - 2715.55, T3 - 2777.50..... SL 2554
Short Below 2554, T1 - 2499, T2 - 2488, T3 - 2479, T4 - 2432...... SL 2600
Reliance IndReliance Ind possible to move up broken the LL trend.
Disc: Only for Education and Learning Purpose. Not a trading advice.
Reliance SellChart is self explanatory. It has atleast 4-5 valid reasons to go short. Supported with Wave analysis.
RelianceReliance looking good for an upmove considering its reversal and support from the trendline.
Reliance Intraday view 14th July 2022Long above 2406, Keep trailing profits on the resistances drawn, SL 2380
Short below 2386, Keep trailing profits on the supports drawn, SL 2410
You can do scalping on the lines drawn
Reliance Intraday View 13th July 2022Long above 2421, Keep trailing your profits on the markings drawn in the chart, SL 2399
Short below 2400, Keep Trailing your profits on the markings drawn in the chart, SL 2415
NOTE : Please wait to understand the trend in the market and then take a trade.
RELIANCE ON HOURLY RESISTANCERELIANCE on the verge of breaking trendline.sitting at resistance,might take a bounce from the lower support.
Fresh long entry consider above 2440 as per risk apetite
reliance industries Big Moment for tomorrowNSE:RELIANCE tomorrow, we can see a big downside moment in reliance industries if it crosses the trendline, the trend is for the downside also volumes are high if it doesn't take retracement from the level around 2395 then either we will see a breakout for the upside moment, right now chart pattern formation is accending double top, we will see more candle formation on Monday morning so the figure will come out more clearly.
Reliance long strategyNSE:RELIANCE is at the lower band of certain Fibonacci levels and is range bound currently.
Targe level: Fibonacci baseline about 2550.
it is Following strategy can be applied.
Buy reliance @ LTP Around 2400. sell above 2500.
Buy reliance PE 2300 @ about 40 currently.
The volatility in reliance is about 3-4%. If moves upward profit above 2440. If downward, put will help to recover.
keep Stop loss based on individual risk management capacity.
Hold for 2 weeks.
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Nifty, Banknifty and top stocks analysis for tomorrow + levelsNifty rejected 16k quite spectacularly, but one sign still points towards some bullishness. What's your view?
Nifty, Banknifty and top stocks analysis for tomorrow + levelsI feel this week might be super important for the market and a do-or-die situation for the bulls. What are your views?
RELIANCE LEVELS...W CANDLE (04.07.2022)RELIANCE now in channel and its possible to move from this level to 2600-2800 and keep strict stop loss as 2250 @ weekly candle closing basis
Reliance investment levelReliance is at good investment level for long term buyers
we can add few quantity at 2400
if it falls further then add more at 2250
