Reliancetrade
Weekly Wrap #Reliance Industries 31th May 2021First step of a successful trader is to build a Trade plan & review what he has done.
This is my Trade Journal . (education purpose for all )
Trade plan
Reliance : Trend is Up
Strategy :
Defensive : Buy on dip ( Check out Video for level & Money management plan )
Agressive : Break out trade ( Check out Video for level & Money management plan )
Jai Hind.
Disclaimer :
This video is only for educational purposes. Please consult your financial advisor before you take any trades.
RELIANCE to break support, steep fall in the coming days NSE:RELIANCE is about to see major fall in the coming days with price likely to fall as low as 1810 . The Moving Average 50 has just crossed over the Moving Average 20. Past performance shows this results in price falling to around 2-3%. Moreover the Moving Average 200 is closing gap with MA50 and MA20 and if crosses above them, the stock can see an even greater fall going below 1800. Furthermore past few days show huge bearish body candles showing a downtrend. Only positive news (Global or Company related) can take the price up.
reliance upcoming target on down side reliance ringtone,
reliance share,
reliance share news,
reliance power,
reliance industries,
reliance trends,
reliance share news today,
reliance company,
reliance digital,
reliance agm,
reliance ad,
reliance amazon deal,
reliance and future group deal,
reliance ambani,
reliance advertisement,
reliance ajio business,
reliance ada,
a reliance entertainment company,
reliance big tv,
reliance business empire,
reliance business,
reliance big bazaar,
reliance bgm,
reliance body debo matha debo na,
reliance bank,
reliance business model,
b complex reliance,
reliance capital,
reliance communication,
reliance capital share latest news,
reliance communication share,
reliance company jamnagar,
reliance company job,
reliance corporate park ghansoli,
reliance diwali offer 2020,
d'mart vs reliance mart,
reliance d mart,
reliance fresh,
reliance future group deal,
reliance finance,
reliance foundation,
reliance factory,
reliance foundation young champs,
reliance family,
reliance fresh franchise how to get,
reliance f&o,
reliance dakc f block,
reliance general insurance,
reliance gcs,
reliance global corporate security,
reliance group,
reliance greens,
reliance gcs salary,
reliance gcs recruitment 2020,
reliance games,
reliance 5g,
reliance hospital,
reliance health insurance,
reliance headquarters,
reliance home,
reliance home finance,
reliance history,
reliance hindi movie,
reliance home finance share,
h n reliance foundation hospital mumbai,
h n hospital reliance foundation,
h s kohli reliance,
h n reliance hospital mumbai,
h n reliance fire,
reliance industries share,
reliance insurance,
reliance industries share price,
reliance industries latest news,
reliance infrastructure,
reliance infra,
reliance industries stock,
reliance jio,
reliance jewels,
reliance jamnagar,
reliance jio fiber,
reliance jio phone,
reliance job,
reliance jiomart,
reliance jio ringtone,
reliance ki,
reliance kurti collection,
reliance ki ringtone,
reliance ki kahani,
reliance ka gana,
reliance kya hai,
reliance ke design,
reliance ki video,
k sethuraman reliance,
k self reliance,
reliance life insurance,
reliance latest news,
reliance loan,
reliance loan personal,
reliance latur pattern,
reliance live,
reliance life insurance customer care number,
reliance logo,
reliance mart,
reliance mall,
reliance market,
reliance mobile,
reliance movie,
reliance music,
reliance money,
reliance mutual fund,
my self reliance,
reliance news,
reliance nippon life insurance,
reliance news today,
reliance netconnect,
reliance naval,
reliance naval share,
reliance nippon life insurance in telugu,
reliance netconnect broadband+,
hn reliance hospital mumbai,
hn reliance foundation hospital,
hn reliance foundation hospital mumbai,
hn reliance hospital,
hn reliance hospital mumbai live,
hn reliance hospital fire,
hn reliance hospital mumbai fire,
reliance flush n go,
reliance offer,
reliance office,
reliance online shopping,
reliance offer today,
reliance old ringtone,
reliance one,
reliance old ad,
reliance oil,
reliance petrol pump,
reliance pp share,
reliance power share,
reliance pp,
reliance phone,
reliance power latest news,
reliance petroleum,
p r sundar reliance,
reliance p p share,
reliance p p share price,
reliance q2 results 2020,
reliance q2,
reliance q2 results,
reliance q2 results 2021,
reliance quarter 2 result,
reliance quarter result,
reliance quarter 2 result 2020,
reliance q2 results 2020 live,
my self reliance q&a,
reliance retail,
reliance result,
reliance refinery jamnagar,
reliance ringtone original,
reliance result today,
reliance retail store,
reliance reliance,
reliance r world,
reliance p r sundar,
reliance r connect ac,
reliance smart,
reliance share price,
reliance share latest news,
reliance song,
reliance shopping mall,
s gurumurthy reliance,
reliance trends ad,
reliance tune,
reliance target,
reliance tone,
reliance tv,
reliance trends online shopping,
reliance theme song,
reliance trends t shirts,
reliance trends t nagar,
reliance t v,
reliance utkala,
reliance update news,
reliance urban ladder,
reliance update,
reliance ugc net,
reliance university,
reliance ulip plan,
reliance upcoming mobile,
reliance video,
reliance vs amazon,
reliance vs tata,
reliance vs bear cartel,
reliance video song,
reliance vacancy 2020,
reliance vegetable store,
reliance vs manu manek,
v subramaniam reliance retail,
reliance wala,
reliance world,
reliance wi pod,
reliance warehouse,
reliance wholesale market,
reliance wifi pod,
reliance wala cartoon,
reliance wiki,
reliance xt,
reliance xbox series x,
reliance x film,
reliance x amazon,
reliance xflow hdpe pipe,
reliance x3,
reliance xbox,
reliance xpress customer care,
treasury x reliance,
reliance x,
reliance young champs,
reliance youtube channel,
reliance youth football tournament,
reliance yadav,
reliance youth foundation,
reliance yarn,
reliance youtube,
reliance yadnya,
reliance zte mobile,
reliance zee business,
reliance zte,
reliance zoo,
reliance zte dongle,
reliance zoo in jamnagar,
reliance zte mobile unlock,
reliance zte wd670 unlock,
reliance 040,
reliance 002,
reliance 1 vs bpcl,
reliance 12 mera dil,
reliance 1 share price,
reliance 18 november,
reliance 14 september,
reliance 1982 crash,
reliance 1900 pe,
reliance 11 september,
1 reliance street red hill,
reliance quarter 1 result,
reliance pipe 1,
reliance quarter 1 result 2020,
reliance ac 1 ton,
reliance 4 in 1 power bank,
reliance 2020,
reliance 2100 ce,
reliance 2017,
reliance 23 november,
reliance 26 october,
reliance 2019,
reliance 200 million,
reliance 2300 ce,
reliance jio phone 2,
my self reliance 2 years,
reliance 2 wheeler insurance,
reliance jio phone 2 review,
reliance classic plan 2,
reliance chapter 2,
reliance protran 2,
reliance jio 2 mobile,
reliance 3g dongle upgrade to 4g,
reliance 3g dongle,
reliance 3g,
reliance 3 modem ac2739,
reliance 3g dongle unlock,
reliance 3g ad,
reliance 3g speed test,
reliance 3g modem,
commando 3 reliance entertainment,
jio phone 3 reliance,
reliance jio phone 3 unboxing,
reliance jio 3,
reliance 3,
reliance pro 3,
reliance phone 3,
reliance jio 3 mobile,
reliance 420,
reliance 4g,
reliance 40 years celebration,
reliance 40th agm,
reliance 40 years celebration mukesh ambani speech,
reliance 4g mobile,
reliance 40 years,
reliance 420 ki video,
4 reliance ln lincolnshire il,
reliance quarter 4 result 2020,
reliance q4 results 2020,
reliance 4 august,
reliance aqua tainer 4 gallon,
reliance 4 aug,
reliance 4 september,
reliance quarter 4 results,
reliance 5g mobile,
reliance 5g phone,
reliance 5g launch,
reliance 5000,
reliance 50000 loan,
reliance 501 mobile,
reliance 5g smartphone,
reliance share after 5 years,
reliance 5 august,
reliance jio phone 5,
reliance jio 5,
reliance share 5 august,
reliance 5 aug,
reliance jiofi 5,
reliance 606,
reliance 6 circuit transfer switch,
reliance 606 water heater pilot light,
reliance 606 water heater,
reliance 606 gas water heater troubleshooting,
reliance 606 electric water heater,
reliance 606 electric water heater troubleshooting,
reliance 606 thermocouple replacement,
reliance 6 august,
reliance 6 aug,
reliance 6 aug 2020,
reliance share 6 august,
reliance share 6 aug,
reliance 7 pro,
reliance 7 seater,
reliance 7 september,
reliance 7 gallon water container,
reliance 7i,
reliance 7500,
reliance 7000,
reliance 7 gallon aqua-tainer,
reliance aqua tainer 7 gallon,
reliance 7 august,
reliance 7 august target,
reliance 8 oct,
reliance 8 circuit transfer switch,
reliance 8 user manual,
reliance 805 water heater,
reliance 808 water heater,
reliance 80 gallon water heater,
reliance 8 alarm system,
reliance 8810,
8 reliance place illawong,
reliance hydroller 8 gallon tank,
reliance 8 july,
reliance 8 september,
reliance 9 nov,
reliance 9 november,
reliance 9 nov 2020,
reliance 909 water heater,
reliance 980,
reliance 940 chair glide system,
reliance 9853-03,
reliance 980 service manual,
reliance 9 july
RELIANCE - BUY IN DIPSReliance is a good buy in the dips around the support region, in the last few trading sessions, we have seen huge selloffs and profit booking but the price has been making higher lows since the last couple trading sessions. It's on the road to recovery but will find it challenging to break the resistance which has formed over the last 3-4 months of trading.
We are not expecting any major news for the price to breakout quickly which happened in the last few months. There's still the saudi aramco deal to go through which may come as a suprise to anyone on the market.
Reliance - Still no upward movement confirmationReliance after forming three Doji in last five trading sessions of November remains locked inside the marabozu candles levels.
RSI about to breakdown below 40
No longs to be initiated before closing above 1985
Lower levels are open as soon as the support line is broken on closing basis.
Reliance - Downward Journey StartsFinally Reliance cleared it's direction after three Dojis towards down side by breaking all three Doji lows of 1920 in intrady and RSI is now below 40 again.
It's all set to test recent low of 1835 on Tuesday itself and then next two are fibo Retracement levels of:
61.8% - 1795
50% - 1680
Excellent buying opportunity below 1680 once RSI starts the Support sign.
Reliance Formed Third Doji - Range 1980-1920#Reliance formed a third Doji in last four days of Trade. There is strong clash between bulls and bears within the range of 1980 to 1920.
With expiry keeping things unclear, the #December series can see sharp moves in either direction once this range is broken on closing basis either side.
Ultimate targets remain the same - 1600 on lower side and 2200 on upper side with further upmove on closing above 2200
Reliance Industries - Deep CrabReliance Industries formed Deep Crab Pattern on Daily chart.
Those whose missed the bus, do not hurry to buy the stock at the current price , considering the resistance suggested by the pattern.
Let the stock settle for some time , will update buy levels , when gets some hints from price action.