Reliance will fall hereonReliance industries is around the Long term Resistance
Right now on a Daily timeframe, Stock is making Broadning pattern
If Stock follows the pattern then we can see downside of 10-13% from these levels
Disclaimer :- This is POSSIBLE BROADENING Pattern
Thank You !!
Disclaimer : We are not SEBI registered analyst. Do your own research before taking any investment decision.
RELIANCE
Reliance short to medium term playAs per this count, currently the price seems to be in wave (v) of circled black wave iii.
Appears to be a clear Elliott Wave pattern with invalidation level sitting at wave i high.
1.618 extension of circled black wave i at 3259.60 could be used as a potential target
WIll update the chart as price develops further.
Thanks for reading!
RELIANCE (Reliance Industries Limited) - Swing TradeClosing Price: ₹2,972.1
Change %: 1.74%
Volume: 7,304,130
High: ₹2,984.45
Reliance Industries, a market heavyweight, saw a 1.74% increase, closing close to its intraday high. The considerable volume signifies robust investor confidence. Given Reliance's diversified business portfolio and market influence, the stock is likely to maintain its upward momentum, making it an attractive swing trade option.
Kindly conduct thorough analysis and consider market conditions before making any trading decisions.
Reliance We could expect some deadcat bounce in this heavyweight, Today's Low becomes a important level!
Trade Setup -
Long above 2825 for targets mentioned on the chart, however traders should stay cautious when the stock reaches 2965-75 zone where selling should come. Any break above 3025 would give us a trending move towards new highs!
Strict SL should be followed when it fails to sustain above 2800 and starts sliding below 2780-70
(All levels +/- 10 points)
Review and Plan for 24th April 2024Nifty /banknifty and stocks analysis, and intraday plan in kannada.
This video is for information/education purpose only. you are 100% responsible for any actions you take by reading/viewing this post.
please consult your financial advisor before taking any action.
----Vinaykumar hiremath, CMT
RPOWER ready for a turnaround?The company is reducing debt.
Financials are improving.
FIIs have increased stake.
Momentum looks good with the stock hitting UC in the last couple of sessions. Head and shoulder pattern on weekly chart looks good, with support on 21 levels
Entry - at CMP
SL - 20
Target - 34/52
Will RELIANCE touch 3200Reliance the biggest company in India is ready to give an upside of 23.5% to reach a level of 3200 in the coming months. It is the best time to buy the elephant now. Beautiful cup with handle pattern supports the uptrend of this stock.
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Trade or invest at your own risk
#PODDARMENT 399 TGT 600 #NIFTY #BANKNIFTY #Stocktowatch #stocksNSE:PODDARMENT 399
TGT 600
SL 350
Timeframe < 6M
RR is good enough.
Factors: BULLISH WEDGE BREAKOUT Trend Following Rising Volume with rising Prices. Flag pattern breakout. Pennant Pattern Breakout with Bullish Candle. Retest Successful. Higher Highs & Higher Lows. Broken above RESISTANCE levels Trading at SUPPORT levels Earnings are strong. Bullish Wedge Breakout Risk Return Ratio is healthy. And Rising from Double Bottom Pattern to Flag Pattern forming. If you like my work KINDLY LIKE SHARE & FOLLOW this page for free Stock Recommendations. With 💚 from Rachit Sethia
RELIANCE looking weak from here. Wedge broken.NSE:RELIANCE has broken down from rising wedge (bearish) in hourly chart convincingly. We should see weakness in the stock for few days and given it's weight in NSE:NIFTY , that also can remain subdued. 2800/2850 should be the target zone on the downside for this and those level should offer support.
On the flip side, 20 day MA is around 2925 which might stop the stock from falling further hence keep an eye on that. If 20 DMA breaks today on closing basis then downside remains open.
#ATGL 1075 Tgt 3500 #ADANIENT #ADANIPORTS #ADANIENSOL #AWL #NSE#ATGL 1075 Tgt 3500
NSE:ATGL
CMP 1075
TGT 3500
SL 795
TF < 9M
Great risk return trade off!
Factors: BULLISH WEDGE BREAKOUT Trend Following Rising Volume with rising Prices. Flag pattern breakout. Pennant Pattern Breakout with Bullish Candle. Retest Successful. Higher Highs & Higher Lows. Broken above RESISTANCE levels Trading at SUPPORT levels Earnings are strong. Bullish Wedge Breakout Risk Return Ratio is healthy. And Rising from Double Bottom Pattern to Flag Pattern forming. If you like my work KINDLY LIKE SHARE & FOLLOW this page for free Stock Recommendations. With 💚 from Rachit Sethia
RELIANCE--Rising Wedge??Rising wedge bearish pattern is observed in this stock..
This stock is showing strong bullishness from the demand areas at 2600 levels.
A strong bullishness is observed after broken the trendline previously
and a continuous move is identified.
So look for long in this stock from the demand Areas.
Found 938 Days Long - Box Consolidation Breakout In RELIANCE Points To Learn - This is a Weekly chart.
A long Term Stock.
-Box Consolidation of 938 days breakout - Done.
-Upper high Upper Low formation has confirmed the change in trend.
-Fibbs. Retracement from 0.6 levels has increased the probability of a genuine retest and breakout.
-Retest Required at box upper level.
Kindly feel free to message me personally to enquire about any particular stock.
Thank you
Reliance : On a hourly chart bearish pattern Alert! Bearish Pattern Spotted! 🐻
📊 Pattern: Rising Wedge
📌 Symbol/Asset: RELIANCE
🔍 Description: Stock is making rising wedge on a smaller timeframe.
Reliance is around curve resistance shown in the previous post.
Reliance resistance is around 2980-3030
Connecting the dots shows Reliance should fall from here on.
👉 Disclosure: We are not SEBI registered analysts, this is not a buy or sell recommendation.
Reliance : Sit on the sell side before anyone else Alert! Bearish Pattern Spotted! 🐻
📊 Pattern: Curve Resistance
📌 Symbol/Asset: RELIANCE
🔍 Description: Reliance is near the resistance of curve on a weekly timeframe.
We can see correction of upto 15-20% from this prices.
Resistance is around 2990-3020 and Reliance stock should fall from these prices.
👉 Disclosure: We are not SEBI registered analysts, this is not a buy or sell recommendation.