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.
Reliancetrade
RelianceHello and welcome to this analysis on RELIANCE INDUSTRIES
On April 29, 2022 it completed the formation of a Bearish Harmonic Alt Shark Pattern indicating a reversal in the daily time frame.
Currently it has completed 50% of that retracement and formed a Bullish Harmonic Alt Shark in the Hourly time frame suggesting a probable bounce from here.
A pullback of this Bullish Harmonic Pattern could probably take it to 2600-2650. Pattern will remain valid till price is above 2435.
Harmonic Patterns are based on Patterns which come inline with specific ratios for reversal trade set ups.
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.
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.
Is it a good idea to buy RELIANCE now ? Good morning,
Today there is an intersection of many strong indicators:
1)there is a bull divergence confirmed by MACD😎
2) we are above the VWAP❤
3) the 4EMA indicator is in the right order and well condensed👌
4) we are protected by support😎
👀 I didn't really study the profit so protected yourself from market reverses!!
Good luck 💖
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.
Thanks & Regards,
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 Stock option Trade opportunity 2500CE 2600CEReliance Stock just took support from the TRENDLINE. From here there is a high possibilities that it can go up. If we look at the option prices, February 2500CE is trading at 14.5 and 2500 is just 5% from current trading price. Now if we look at March 2500CE its trading at a price of 46.
WHAT WE CAN DO
ADD -2LOT February 2500CE@ 14.5 (3625)
1LOT March 2500CE@ 44 (11000)
So the total investment would be 3625+11000= 14625.
In case if Reliance do not give 5% upside momentum by FEBRUARY then by MARCH there will a high probability that it will give up side momentum and if it give upside momentum then our MARCH 2500CE will outperform which will cover the loss of FEBRUYARY 2500CE.
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 analystPursuant to Regulation 39(3) of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015, we enclose the information regarding loss of share certificates received from the shareholders of the Company on December 27, 2021. We are in the process of issuing duplicate share certificates to them after compliance of required formalities.
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