RELIANCE--Gap down ??Observations:
-------->>the stock is trending upwards.
-------->> We have observed that the price is broken trendline, and retested the supply zone.
--------->> Previously a strong fall is observed from the zone 2490. if price falls below 2450 levels sell on retracement for the target2420 levels.
Keep an eye on these levels.
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Reliancetrade
RELIANCE-- Rise or Fall ??Observations:
-------->>the stock is trending upwards.
-------->> We have observed that the price is near trendline.
--------->> Previously a strong fall is observed from the zone 2460-2445.Price broken the resistance and If the same zone is acts as support we will observe again upwards in reliance up to 2490 levels and above.
Keep an eye on these levels.
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RELIANCE BULLISH BREAKOUT | 10% UPSIDE POTENTIAL | SWING TRADEThe price has recently broken and closed above the resistance level of 2480.
Reliance was trading in a downtrend, but this breakout marks the FIrst HIGHER HIGH, the beginning of a new uptrend.
NIFTY is also trading above its resistance level, which gives more confidence that Reliance may go up in coming days, as Reliance has heavy weightage in NIFTY INDEX.
Long entries can be opened as long as price is trading above 2840.
Stop loss
1. For aggressive traders- daily close below 2480
2. For conservative traders- below 2410
Targets
1. 2600
2. 2750
Let me know in the comments section if you want me to analyse any other financial instrument.
WARNING:-
ALWAYS FOLLOW RISK MANAGEMENT AND POSITION SIZING WHILE TAKING ANY TRADE.
RELIANCE--Head and Shoulders pattern(Right-Shoulder) Forms??Observations:
-------->>the stock is trending upwards.
-------->> We have observed a left shoulder formed at 2300 level. Now if price falls back to 2300 level and if the same is acts a support we will
observe a Head and Shoulders pattern in Reliance.
--------->> Previously a strong fall is observed from the zone 2425-2455.If the same zone is acts as resistance we will observe a fall in reliance up to
2300 Zone.
------>> we have a demand zone @2360-2380 level which can act as a pullback to the same zone(2425-2455). and price may fall back to 2300 levels
very quickly from this zone.
Keep an eye on these levels.
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 LONG TERM VIEWReliance on a weekly chart is moving in a fixed channel for a long time.
2350 is a crucial level for reliance if it breaks we can see a good downfall in this stock. And if it bounces back from this level, the previous high of 2800 level can be expected.
Trade safe. Manage risk. Be profitable.
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Disclaimer:- This is my view. Please analyze the charts yourself and then decide to take any trades.
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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Disclaimer
I am not sebi registered analyst
My studies are Educational purpose only
Please consult with your Financial advisor before trading or investing
RELIANCE falling wedge patternWhat we can see in the chart is a falling wedge pattern. Currently the price is inside the pattern. We are expecting the price to get rejected at the upper boundary of the wedge and come back down to retest the support. After that we are expecting the pump and the break out to the upside.
MACD has a bullish crossover which is positive sign for bulls.
The target and the stop loss are shown in the chart. Enter the trade only when/if the price breaks out with the volume surge.
RELIANCE SHORTReliance has formed the Head & Shoulders pattern and is ready to further go downside.
It is better to wait for a re-test of the breakdown line (2530 levels).
Target :- 2400 levels
SL :- 2600
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 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!
Reliance Futures Key trading level 28th June 2022Reliance Futures Key trading level 28th 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.
Please consult your Financial Advisor before making any trading decision.
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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.