#Reliance looks ready for new ATH#Reliance has consolidated a lot and is staying above Bollinger band on monthly candle. Possible target looks to be above 3100.
RELIANCE trade ideas
RIL are we going to test 2515-25RIL if we see carefully on daily and weekly , we see a similar pattern , and if this pattern if actually plays out in real then RIl can test 2515-2525 levels in coming days before starting a fresh upmove ..
retest if 2500 zones is very much possible..
lets see how things unfold in coming days..
RELIANCE is the KING of stocksWHATEVER may be your investments, making one investment in any environment which can be trusted for years is RELIANCE INDUSTRIES.
With in 30 trading sessions this stock appreciated 25% and still more fuel is left.
Certainly RELIANCE is the king of INDIAN STOCKS
Reliance Fly or FallIn the daily chart the stock is trading within a channel and making higher high, higher low formation.
The stock is trading near resistance zone and breaking above recent high will take it up to 3000 followed by 3200.
On the flip side 2750 is breakout support zone. Closing below this level will trigger profit booking and maximum potential fall can be up to 2300.
These are bigger level to watch near future.
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reliance wave analysisRSI is showing clear divergence. Five wave move is up. ABC CORRECTIONS are starting, very good opportunity to short.
Reliance analysisAhead of results rel formed @ Bearish shark kind of pattern. below 2747 d. side target 1 could be placed 2690.on closing base if breaks than target 2 could be 2567.. target 3 &4 within range of 2500/2434 .time frame short cum medium term.chart is purely for education purpose.any unforeseen events if any price may vary.any trade decisions pl.consult financial advisor.
RELIANCE SHORTReliance forming a double top. We can see a good fall in this for some trading sessions.
As we can see that, the market is in downtrend, it will be good to go short in this stock.
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 : 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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I am not sebi registered analyst
My studies are Educational purpose only
Please consult with your Financial advisor before trading or investing
RelianceReliance breking out of descending channel with good volumes.
Could be bought with mentioned stoploss & targets.
reliance breakoutwedge formation, wait for a breakout
crossing oct 21 high,petro sector bullish
for education purposes only
Reliance alert ⚠️ 📢 All indicater are showing side ways trend but macd is crossing trend line on upside if base line it will touch its r1 and will go up
Hence: now some days for swings and intradays
Do like my idea one like for poor guy
Will reliance on impulsive waveReliance looks like forming impulsive wave.. under that 4th wave formation in progress.. we can expect 4th wave upto 50% retracement to 2515 level.. in downside if it's crosses below 2430 than wave counts gets invalidate.. in the upper side we can expect 5th wave upto 2745 level..
Disclimer: this analysis is only for educational purposes not recommending to buy or sell.
Reliance forming inverted flagAfter double top break down Reliance is forming inverted flag. Good chance for short position,keep looking.
RELIANCE sell for intraday tradingRELIANCE sell for intraday trading if stock and NIFTY also look weak then we will enter in stock....
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Reliance can be short for short Termafter making consecutive bullish upmove without any correction or pull back, Reliance has started to correct, the pullback may end taking support of Fibonacci Retracements or can take support on 5 EMA or 20 or any other EMA.try to observe this script for better understanding of price corrections , pullbacks and to learn Dynamic support and Resistances.
Disclaimer: Everything i post is for observation and Learning only, i am not a SEBI registered Analyst, consult your Financial Advisor Before Taking Position.
A Bullish position on ascending channel on Reliance Industries.Disclaimer: This is not a trade advice. This is an analysis for educational purpose. Kindly do your own research or consult your investment advisor before taking any positions in the capital markets.
The Indian mammoth has risen from the ashes of a descending triangle pattern to an ascending channel which presents us an opportunity of a 2.8:1 Risk reward trade on the basis of candle stick pattern and the channel boundary. On a technical analysis of the chart in a daily timeframe shows a Target upside of Rs. 43 with a slim stop loss of 15 Rs. . Trade setup is invalid if the stock opens below 2650. The stock closed on Wednesday at Rs 2672 Rs NSE:RELIANCE
In reliance pole and flag pattern In reliance industries we can see pole and flag pattern if this is break we can see up side move.
Reliance short RR 1:6Reliance is short at 2690-2710 range
sl is 2760
targets 2600/2500/2400
Timespan 4 months
Disclaimer:-
This idea is for educational purpose
I am not responsible for your profit or loss
kindly consult your financial advisor.
