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RELIANCE

Reliance--Resistance @2400 ??I am sharing the important levels of Support and Resistance. These levels play a crucial role in trading decisions, as they act as reliable markers of price movements. ------>>Support levels are price points where an asset tends to find buying interest, preventing it from falling further. ---->Resistance levels, on the other hand, are points where selling pressure typically prevents the asset from rising higher. Take a look at these levels and trade accordingly. Recognizing and respecting these support and resistance levels can help traders make informed decisions and manage risk effectively. They serve as key reference points for technical analysis and are vital tools in successful trading strategies. Trade safe...Thank you guys for your support
NSE:RELIANCE
by IIT-Trader
1
#GULFPETRO 48 Buy Recommended TGT 63 (30%) SL 43 - Rachit SethiaGULFPETRO 48.70 TGT 63 SL 43 RR > 2.5 RETURN ~30% TF < 6M NSE:GULFPETRO 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
NSE:GULFPETROLong
by Rachit_Sethia
2
#AGROPHOS 35 Tgt 43 SL 33 @in_Tradingview Buy - Rachit SethiaAGROPHOS CMP 35.35 TGT 43+ SL 33 Return ~ 25% TF 6months RR ~ 4.2 NSE:AGROPHOS #AGROPHOS 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
NSE:AGROPHOSLong
by Rachit_Sethia
1
#PETRONET 238 Recommended Buy - Rachit Sethia #stockstoWatch #PETRONET 238 Breakout at ATH and Retested TGT 275 and open for above SL Not Applicable 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
NSE:PETRONETLong
by Rachit_Sethia
RELIANCE--Near Its Demand Zone?? look for buy when price test this demand Zone. I am sharing the important levels of Support and Resistance. These levels play a crucial role in trading decisions, as they act as reliable markers of price movements. ------>>Support levels are price points where an asset tends to find buying interest, preventing it from falling further. ---->Resistance levels, on the other hand, are points where selling pressure typically prevents the asset from rising higher. Take a look at these levels and trade accordingly. Recognizing and respecting these support and resistance levels can help traders make informed decisions and manage risk effectively. They serve as key reference points for technical analysis and are vital tools in successful trading strategies. Trade safe...Thank you guys for your support. The information provided on this platform/website/blog is for informational purposes only and should not be considered as financial or investment advice. It is not intended to be a substitute for professional financial advice or consultation. The content presented here is based on personal opinions, analysis, and research, and it may not always reflect the most current market conditions or regulations. Investing in stocks, bonds, commodities, or any financial assets carries inherent risks, and individuals should conduct their own due diligence and consult with a qualified financial advisor before making investment decisions. Past performance is not indicative of future results. The value of investments can go up or down, and there are no guarantees of profit or protection against loss in the stock market. We do not endorse, recommend, or promote any specific stocks, securities, or investment strategies. Readers and users of this information are solely responsible for their investment decisions and should consider their own financial situation, risk tolerance, and investment goals. Trading and investing in the stock market can involve substantial risk, and it is possible to lose more than your initial investment. We make no warranties or representations about the accuracy, completeness, or reliability of the information presented. We disclaim any liability for any loss or damage arising from the use of this information or reliance on it. Please be aware that regulations and tax laws related to investments may vary by jurisdiction, and it is essential to understand and comply with the specific rules and regulations applicable in your location. By accessing and using this platform/website/blog, you agree to this disclaimer and acknowledge that you have read and understood the information provided herein. It is your responsibility to review and accept the terms of use and privacy policy of this platform/website/blog. This disclaimer may be updated or modified without notice, and it is your responsibility to review it periodically for any changes.
NSE:RELIANCE
by IIT-Trader
7
is RELIANCE up trend is back? WAIT!!!!Market sentiment is very positive for Reliance after sell off for a week. RSI levels are in sold zone. Is reliance stock is getting ready for the pump? May be~~ but wait and understand the chart with the possibilities. Next resistance level is 2450-2460 . this zone is also around EMA 10. so we may see a retracement at this zone. and if it happens than we have to be very careful at the retest of 2400 zone. if buyers are not strong, we may breakout towards downside. as per the volume, 2350-2360 will be the next support. Please keep in mind that Reliance fundamentals are strong. New services launched by the company in last AGM can play major role in the market in upcoming months. Always use the stop-loss and target. Safe trading.
NSE:RELIANCELong
by Mr_Mainra
RELIANCE IMPORTANT INTRADAY LEVELS FOR THE MONTH OF AUGUSTNSE:RELIANCE NSE:NIFTY MAJOR STOCK DISCLAIMER: Do not consider this analysis as an Investment or Financial advise.This analysis is made for educational purpose. Reliance is bullish in the higher timeframe like Weekly / Monthly but still we have seen some profit booking in the past sessions due to which we have seen some bearish movements in the smaller timeframe. So keeping that in mind, I have marked all the probable bullish levels as well as bearish levels so that we have an edge over both sides. Although it seems difficult for Reliance to make any major moves this month and we might see travelling it in a range. But if during the month we see Reliance travelling above 2nd long target or the 2nd short target then volatile moves might be seen. Since Reliance is a favourite stock of Trader as well as heavy stock of Nifty 50 , I have taken due care to mark these levels. But do remember all these marking are based on probable calculations and at any point of time can be proven wrong. A wise Trader always take risks with stoploss and Book profit at / near the Profit booking area. I will keep updating this idea throughout the month, or i will drop some important levels in the MINDS section, so do subscribe to get yourself notified about the important updates as soon as possible.
NSE:RELIANCELong
by prachitv1
RELIANCE: Can get you GREAT RETURNS!RELIANCE INDUSTRIES is the King of the Indian Stock Market and everyone knows about what role Reliance plays in India. RELIANCE Stock has been in a consolidation since more than 2 years and is now trying to Breakout. Let us first know about its Basic Fundamentals. Profits are rising every year which is the most important point. Balance Sheet is growing year on year. Reserves are more than Borrowings. FIIs & DIIs have increased stakes in June Quarter. Fundamental Score is 7/9 Why Fundamentals? It is always safe to trade in Fundamentally good stock. Now Next, Let us look on the Nifty Chart: Nifty has corrected for 4% from high and meanwhile Reliance was consolidating at the top, preparing for a Breakout. Nifty's fall did not affect Reliance, and Reliance was quiet for some days. But now Nifty has tested its support and we can see a positive hammer candle at the support. This can be a positive news for some days as Nifty can retrace upside. Now, Reliance is part of NIFTY ENERGY Sector and weighs 57% in NIFTY ENERGY. Let us see NIFTY ENERGY SECTOR Chart: NIFTY ENERGY Sector chart has given a Flag and Pole Breakout in Weekly Timeframe which shows that Energy Sector can be bullish for few months. It has taken support of 0.382 level of Fibonacci, which is a great support. As we can see, Nifty and Nifty Energy Sector can be bullish for few weeks here on, we can find the stock that is also bullish and is a candidate of Breakout. And so we find RELIANCE. Overall Reliance was consolidating from long, and now is trying to give breakout. It has made a good Box Breakout type of pattern and making a simple price action near the breakout level, which means it is gaining some energy to blast off. In past few weeks, Nifty corrected about 4%, but reliance did not show any weakness, which is another reason to select Reliance. Some weeks ago, it gave a breakdown of the trendline but it was a fake move and now reliance has moved up, taking the StopLosses of all those who made a short position on the basis of trendline Breakdown. Track Reliance in near term, as after breakout we can see a good upside possible. Our First Target will be 2900! Keep Reliance in your Watchlist!
NSE:RELIANCELong
by NikunjBangad
Reliance Head and Shoulder Pattern Hourly ChartHead and Shoulders Pattern: This is a popular chart pattern in technical analysis that can indicate a potential trend reversal. It consists of three peaks: a higher peak (head) between two lower peaks (shoulders). It suggests that the stock's price might change direction from an upward trend to a downward one. Left Shoulder, Head, and Right Shoulder: These refer to the three peaks in the pattern. The left shoulder has a high of 2543, the head has a high of 2630, and the right shoulder has a high of 2559. The head is the highest point among the three. Breakdown Target: In a head and shoulders pattern, analysts often measure the potential downward movement after the pattern completes. The "height of the head" is the vertical distance from the head's high to the neckline (more on this in the next point). In this case, the height of the head is 2630-2473=2316. Neckline: The neckline is a support level that connects the lowest points of the two troughs between the peaks (shoulders) in the pattern. In this case, it seems like the neckline is at a value of Rs. 2473. Breakdown of the Neckline: A significant event occurs when the stock's price breaks below the neckline. This is seen as a confirmation of the pattern and a potential signal for a trend reversal. In this scenario, if Reliance's stock price drops below Rs. 2473 (the neckline), it suggests a potential further decline in price. Downside Target: The "156 point downside in reliance" refers to the expected price movement if the breakdown occurs. It's calculated by taking the "height of the head" (difference between head high and neckline) and subtracting it from the neckline value. So, 2630 - 2473 = 156. In summary, the analysis suggests that if Reliance's stock price breaks below the neckline value of Rs. 2473, there could be a potential downward movement of 156 points in the stock, based on the head and shoulders pattern on the hourly time frame. This type of analysis is used by traders and investors to make informed decisions about buying or selling stocks. The information provided here is for educational and informational purposes only. It does not constitute financial advice, and I am not a financial advisor. Disclaimer: Trading stocks and making investment decisions involves inherent risks, and you should always conduct thorough research and consider seeking advice from qualified professionals before making any financial decisions. The analysis presented, including the target price calculation, is based on technical patterns and historical data, which may not accurately predict future price movements. The actual performance of stocks can vary widely from any analysis or prediction. Always exercise caution and due diligence when making investment choices. Thank you.
NSE:RELIANCEShort
by imkhushal
2
Reliance - The Demerger Effect• The highly anticipated demerger of Jio Financial Services Limited is currently underway, and on 20th July 2023, Reliance shares finally went Ex-JFSL. • According to brokers' estimates, the per share price of JFSL was expected to be around 190. However, the market-derived valuation has exceeded expectations, reaching 261.85. This indicates that people have high hopes for Jio's performance in the near future, especially with its integration into other Reliance ventures. • The listing of JFSL on the exchanges will take some time, and trading will only become available after its listing. • During this interim period, the price movement of Reliance will be intriguing as it has returned to the 2 year old zone. What do you expect from Reliance now? Will it take the sideways pathway or catch momentum with the JFSL Hype? Have Insights or Questions? Let us know in the comments below.👇 While you do that, how about a boost for some motivation🚀 ⚠️Disclaimer: We are not registered advisors. The views expressed here are merely personal opinions. Irrespective of the language used, Nothing mentioned here should be considered as advice or recommendation. Please consult with your financial advisors before making any investment decisions. Like everybody else, we too can be wrong at times ✌🏻
NSE:RELIANCE
by TheChartereds
DAILY CHART - RELIANCE INFRAThe Structure looks good to us, waiting for this instrument to correct and then give us these opportunities as shown on this instrument (Price Chart). Note: Its my view only and its for educational purpose only. Only who has got knowledge about this strategy, will understand what to be done on this setup. its purely based on my technical analysis only (strategies). we don't focus on the short term moves, we look for only for Bullish or Bearish Impulsive moves on the setups after a good price action is formed as per the strategy. we never get into corrective moves. because it will test our patience and also it will be a bullish or a bearish trap. and try trade the big moves. we do not get into bullish or bearish traps. We anticipate and get into only big bullish or bearish moves (Impulsive Moves). Just ride the Bullish or Bearish Impulsive Move. Learn & Know the Complete Market Cycle. Buy Low and Sell High Concept. Buy at Cheaper Price and Sell at Expensive Price. Keep it simple, keep it Unique. please keep your comments useful & respectful. Thanks for your support.... Tradelikemee Academy
NSE:RELINFRALong
by Tradelikemee