INTRADAY IDEA ON 24-04-2023in reliance will take a long and short trade,this content is made for learning and educational purposes only.
RELIANCE trade ideas
RELIANCE-Will create a lowerlow or continue upside.The RELIANCE has been trending upwards, but recently it broke through the higher low level at 2342 and dropped to a low of 2326.
However, the previous supply zone at 2326 has acted as a demand level, causing the price to rise weakly towards the upside.
At this point, it is uncertain whether the stock will continue to move higher or form a lower low.
Further analysis is required to determine the likely direction of the price movement.
Note:
As of now it is in bullish, slightly turned to be bearish as a low is formed and weak momentum is observed towards high ,it may create lower low or can rise towards a strong level of resistance at 2400.
INTRADAY IDEA ON 20-04-2023in reliance we will take a long and short trade this content is made for learning and educational purposes only
RELIANCE LOOKS LIKE IT IS ON IT'S WAY DOWNWill look at Shorting Reliacen below 2330 Levels.
RELIANCE LOOKS LIKE IT IS ON IT'S WAY DOWN
RELIANCE FALLING WEDGE BREAKOUT AND CONSOLIDATION DAILYREADY TO MOVE 10-15% once 2400 is taken out reliance will blast but we are having result on 21 april only that factor one should consider before going long ... charts seems very bullish.
Reliance ( upside possible )A good trendline breakout, with consolidation for a week.
A good buy above 2337.15, support level with a SL of 50-53 points for targets of 2447, 2606 & 2732.
Trade wisely at your own risk appetite,
Good luck, Jai Hind.
RELIANCE 1H (10TH APRIL 2023)NSE:RELIANCE
Hello traders ,
All important levels are drawn in the chart.Work with risk reward ratio. not taking a trade is also a trade.
A trade cant change anything keep in your mind,if you think one trade can change your life then you are doing gambling in the market.take calculated risk.
DISCLAIMER- We are not a SEBI registered advisor.this is only for educational purpose. before taking trade take advice from your financial advisor.We will not be responsible for your profit and loss.
Reliance Go for longReliance Go for long, target will be 3100
channel formation is formed and harmonic pattern formed in channel
What is #Reliance up to?Reliance Industries Ltd. remains favourite among many NSE traders, and among people who trade #Nifty50 in India.
This one is in wave 4 and subsequently wave 5, down and therefore I am looking at shorting opportunities from these levels.
Happy Trading.
reliance 2450 short term targetOnce reliance cross 2357 then it goes to 2450 i few days.
Currently it is at about to cross 50 dma
Reliance Important support and resistance on chart.
Indicator shows bullish divergence.
Try to buy weekly low.
RELIANCE RELIANCE - The BAT harmonic
The stock broke down from an important support.
It may continue it's journey on the downside till Point D.
View negated above 2353 (weekly close)
#RELIANCE#RELIANCE, One more Blue Chip stock is taking Support around Long Term Resistance Zone which is very Important level to watch out. Breakdown below this level will open Gate for 2100 Level which is POC of 2021 where we can see some demand coming.
Reliance looking good for upside after wave C completion.Stay safe and trade safe.
Note: The above is strictly my view and not a trade recommendation. Consult your financial advisor before making any trade.
***Ignore the Indiavix and Yield parameters below the chart.***
Short reliance - Target 2236Short reliance- expected to touch strong support at 2236 in the coming 2 weeks. You can easily make 5 % approx with this trade. 90 % probability.
Resilient Reliance RisesReliance CMP: 2264
Reliance is one of the top companies in India having a Market cap of Rs 1533454.7 Cr. It is a conglomerate with major activities in Oil and Gas, Retail, Telecom, Finance, FMCG, Green Energy and other growth oriented sectors. Investing in Reliance is equivalent to investing in multiple sectors. Entry in the stock can be taken above 2289 closing. Target will be 2374 and 2464. The long term target in the stock will be 2604 and 2800+. The stock is a long term investment idea and a Portfolio stock. The stop loss in the stock can be maintained at a monthly closing below 1840.
Reliance Industries Ltd Seems have more painReliance Industries Ltd Seems have more pain.
Reliance industries chart I had uploaded earlier too. It was looking in wave 4 of correction.
The retracement for wave 4 is considered to be around 38-50%.
I have taken 38.2 % which comes around 1856, level is marked with green line.
This is not a buy/sell recommendation. only for educational purpose.
Please read the chart's labels carefully.
Regards
RelianceBottom fishing in reliance can be done with SL of last green bar. It is going down for many days and today's set up for nifty also looks good. Major banks are reliance are showing strength hence some relief can be seen in falling NIFTY also.
