Reliance Chart Analysis 12/2/23While the price is above the support 2306 price is expected to fall as the current support will get broken
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RELIANCE : near resistance RELIANCE : Down trend in hourly chart since many days. now its near to resistance for trendline & also near flip Resistance. Please watch closely (in 15 min chart ) all the candle formation and enter in trade. IF Breakout & retest of Flip level we can see 2600 on table and Nifty with our next target as per Nifty chart.
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Please consult with your Financial advisor before trading or investing
Reliance Futures Key trading level 24th June 2022Reliance Futures Key trading level 24th June 2022
Disclaimer: These levels are purely based on Price action/demand and supply zones & and consumed only for educational purpose & should not be taken as buy/sell recommendation. I will not be responsible for any loss/profit incurred if anyone takes trades based on my views.
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RELIANCE weekly analysis-Taken Support from MA @2545NSE:RELIANCE Reliance is showing good strength on charts and it has taken good support at 2545 levels.
If this level is not broken on next week, we can see higher highs in Reliance, which would stay UP until Crude Oil prices continue to stay high @120$ per barrel.
RELIANCE as discussed on Big move to Lifetime HighsNSE:RELIANCE is going Up as discussed, today's move brings it very close to lifetime highs.
RELIANCE manages to move NIFTY up quite a bit today. If RELIANCE could give a fresh breakout anytime this week or next, its time to initiate fresh longs on this counter for MEDIUM to LONG TERM.
RELIANCE can create new Lifetime very soon ?NSE:RELIANCE Reliance Inds. Stock is made a huge upward move last week with close to 64m volume, such huge volume was last a year back in June last year.
This clearly shows big player entering into the stock and also rising crude prices can help RIL earn good profits.
From Weekly charts you can see, NSE:RELIANCE being trading between two trendlines and its almost about to touch the upper trendline which would create new fresh lifetime highs for the stock.
RELIANCE : Facing resistance RELIANCE : Facing resistance
After opening today with good volume Reliance is stuck in range.
Reliance getting major resistance to cross 2725-2735. It needs to cross and sustain for further up move.
If it breakdown from here, we may see 2680, 2650
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Disclaimer
I am not sebi registered analyst
My studies are Educational purpose only
Please consult with your Financial advisor before trading or investing
RELIANCE LONGReliance crossing 2400.
One more hurdle in the stock 2450. Once this breaks, we can again expect it to give a good move till 2750 levels.
Trade safe. Manage risk. Be profitable.
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Disclaimer :- This is just my view. Please analyze charts yourself and then decide to take any trades.
RELIANCE - Bullish view on relianceThe stock has crested a good base at the level range of 2240 levels.
As you can see the stock has taken support around this area and moved upwards.
It reached a high of 2751 levels before crumbling to huge selling pressures.
The stock is trying to make its way back to the top.
I have presented my views on the chart with levels that can help you take your trades.
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If you feel you can make use of my views and put them to good use, request you to kindly revert with feedback/suggestion/improvement
Reliance Swing Trade opportunity Reliance is currently trading at 2384 as of February 9. If you look at the above chart you can see that RELIANCE just took SUPPORT from the TRENDLINE. Reliance can go up till the blue color TRENDLINE and can consolidate there for 2 to 3 days and from there it can give a breakout. If it breaks the blue Trendline then from there it will give a good up side momentum nothing but at least 10%.
NOTE-
Entry- 2350-2425
Stoploss- 2250
1st Target- 2570
2nd Target- 2700
Will keep updating the results.
KEEP FOLLOWING
RELIANCE LONGReliance will try for the third time to break the above trendline.
Good R:R from this point but a little bit risky as well.
Trade safe. Manage risk. Be profitable.
Please follow us for more simple trading analysis and setups. Also let me know in the comment in case you have any queries.
Disclaimer :- This is just my view. Please analyze charts yourself and then decide to take any trades.
Reliance Industries Analysis 24/02/2021the price seem to be retracing from its long term rally and now it is falling up to 61.8% of the Fibonacci retracement
if the price started to rally from the place where it is now we can target 3290 directly but if it retraces to lower supports then we can target 1 TP after the retracement
RIIL - Long viewTrading idea for the stock
Buy: 757
Target: 804
Stop loss: 747
Profit: 4700
Loss: 1000
Risk/Reward: 1:4.7
Quantity: 100
Look for booking partial profit at 780 levels and then trail the rest.
R1 - 782.90
R2 - 824.10
R3 - 906.50
S1 - 659.30
S2 - 576.90
S3 - 535.70
Ruel Fernandes
ruelfernandes@gmail.com
9819683693