reliance 2.5 years sideways breakout wait for retracement 2680 -2700 is perfect entry level ,long view ,weekly time frame first target 3200 rs second target 4000 above
RELIANCE
Reliance Box Target is 3015 and Channel Target is 3200Now Reliance in "Side Waves" or "Box", so the 1st Target is Box Top 3015. And Reliance Trend within the "Channel", so the 2nd Target is Channel Top 3200.
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Thaka hua stock ideaTV 18
A very much Pitt chuka stock. Reliance company. Not well managed. Not making any money. But taking strategically bold big steps. High risk high reward setup here. Stop 41. Will decide target after seeing what it does at 58-62 band.
Reliance Industries: Could be great momentum trade!!Reliance recently raised its mobile tariff. So the stock is in news.
Stock was trading in a range (rectangle pattern, darvas box, accumulation stage.
After the announcement of the tariff hike by the company, its stock price broke out from the range.
This breakout could be the continuation of the uptrend of the stock, and in coming days we have see further rise in the stock price of reliance.
Pattern gets invalidated if it breaks down from the range.
RELIANCEReliance has decisively broken the all-time high. I am currently waiting for a retest to enter the long trade.
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 Intraday Levels: 25-Jun-24Reliance close at support of horizontal & Trendline with W formation below levels are important for trend determination
Bullish > 2900
Bearish< 2870
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)
RELIANCE Reliance is currently at a support level, which may indicate a potential reversal. Here are some trading levels for those interested.
Reliance Double top on weekly timeframeReliance on Mar 2023 was at 1980, made high of 3024. Showing double top on weekly time frame. At 2830, short postion for target of 2600 can be planned in june series expiry.SL at 2900.
Review and Plan for 24th April 2024Nifty /banknifty and stocks analysis, and intraday plan in kannada.
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please consult your financial advisor before taking any action.
----Vinaykumar hiremath, CMT
#SDBL 316 TP500 SL265 #TI #RADICO #UBL #MCDOWELL-N #GMBREW #BREWSDBL 316
TGT 500
SL 265
TF < 6M
RR > 3
NSE:SDBL
If you like my work KINDLY LIKE SHARE & FOLLOW this page for free Stock Recommendations. With 💚 from Rachit Sethia
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
#VIDHIING 473 tgt 627 #equity #KIRIINDUS #BODALCHEM #SUDARSCHEMVIDHIING 473
TGT 627
SL 420
Return > 35%
Risk < 12%
RR ~ 3
Timeframe <6M
NSE:VIDHIING
Buy Recommended
Can hold for long term
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By Rachit Sethia
Reliance target 2753.25lower limit- 2181.25
upper limit- 2753.25
cmp- 2455.20
gain- 12.1% from cmp
Rangebound trading strategy in reliance, target will be achieved by 18/08/23
BUY RELIANCEBuy Reliance and hold it for 2-3 months. It is the largest company of BHARAT and also the most profitable company. It is a good company for investment purpose.
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.
Please follow if you like my analysis.
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
