RELIANCE AnalysisTrendline Breakdown Trade
RSI<50
It could be a proper short trade
Support Zone: 2398-2404
Downside Targets: 2380-2388, 2349-2356, 2326-2331
RIGD trade ideas
Reliance Looking Good For Swing Down What we believe in :-
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DISCLAIMER :- This Channel Is For ( EDUCATIONAL PURPOSES )
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Reliance big move coming ifShort reliance if reliance goes below 2400 for a target of 2100 sl 2430. Reliance getting rejection from center line of that parallel channel . Short only and only if reliance closes below 2400. 2300 pe of December will be a good option
And if reliance closes above 2600 then go for a target of 2800. Just wait for ur opportunity.
RELIANCE - Bullish view on relianceThe stock is trading trading above the support zone which is at around 2361 levels giving a swing low of 2309.
Now for a confirm bullish view the stock has to close above 2490 with a strong bullish candle, after which we could see levels of 2600 - the most recent fall.
BUY
ENTRY 2491
STOP LOSS 2455
TARGET 2600
PROFIT 3028
LOSS 1000
QUANTITY 28
R3 2596
R2 2548
R1 2495
---------------- 2447(central pivot)
S1 2394
S2 2346
S3 2293
Reiance - short termObservation:
1. Strong 3rd support at Rs.1874
2. 2nd support at Rs.2039
3. 1st support at Rs.2352
4. Formed Elliott wave 12345 pattern in DAILY timeframe, followed by correction wave (ABC)
5. After ABC, two bullish candle formed in daily with the help of volume spike (see right below).
6. Looks confirmation to go up of atleast 10% - Rs.2630+ in near term
🧐🧐PURE PRICE ACTION, 7 STAR SETUP WITH RETEST🤯🤯Hi, Trading view family, Today seen an good price action trade on reliance, As we can see that after breaking a long trendine , A retest is made till the trendline , And when we make fibonacci retracement from recent lower low to lower high we can see that it retraces 61.8%,Along with recent beginning of Short Term Correction.Makes this setup a 7Star Setup .So great downside movement can be accepted with more than 1:2 ratio.
Date of Analysis:-27 November 2021
NSE RELIANCE INDS / RELIANCE (15 Min Chart ) BEARISH BUTTERFLY ?Possible swing til 2410.
According to THEORY - Pattern usually retraces till Point B.
But REALITY is Vast, Unorganized, Chaotic and Dichotomous.
reliance wave analysis updateupdating the video of reliance I hope the trading community at large will appreciate it. trading in securities is subject to ones own risk.
RIL looks like a good buy at current levelsPost decent Q1 results also with increase in sales makes Reliance bullish on the fundamental side.
Let's talk about the technicals now. The stock has been stuck in a zone for quite sometime now and looks good to take support of the 2100 levels to move upwards of 2200+.
This is just an avergae trader sharing one of his analysis. Please take risk as per your apetite. Not NSE certified, yet. ;-)
Cheers and happy trading.
Reliance Currently bearish - Watch for key levelsTraditionally it breaches VWAP and consolidate at EMA 180-200,
Reversal potential at strong break 2400 and confirmation on 2452.
RELIANCE - Re-Test Structure - Swing Trade The analysis is done on Daily TF hence price may take few days to few weeks in order to reach the targets.
Trade setup is explained in image itself.
The above analysis is purely for educational purpose. Traders must do their own study & follow risk management before entering into any trade
Checkout my other ideas to understand how one can earn from stock markets with simple trade setups. Feel Free to comment below this or connect with me various platforms for any query or suggestion regarding this stock or Price Action Analysis.
RELIANCE - Bearish?For learning purpose only.
RELIANCE Analysis indicate bearish mood!
After ARAMACO Deal re-evaluation, 18B deal is in trouble. So, reliance may be in bearish territory for sometime!
Till the range indicated in the chart breaks, Reliance can be in bearish mode!
Reliance Weekly Entry & Targets Based on our indicatorReliance Weekly Entry & Targets Based on our indicator
BD level means BreakDown Level. T1 means Target 1
(This is For Education Purpose only, Don not take trades based on our views. If you take trades based on our views you are responsible for your profit and loss.)
reliance wave analysisupdating the reliance wave theory analysis. hoping that the reliance stock will bounce back, investors hold on. this analysis is for educational purposes only. enjoy.
Reliance Long opportunityReliance moving toward PRZ1=2370
PRZ2=2275. Reversal can be expected from any PRZ and demand zone.
CMP=2373
RELIANCENSE:RELIANCE
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NSE RELIANCE / RELIANCE INDS Short term Support - ResistancePrice is moving in parallel channel.
Breaking above blue line will indicate fresh bullishness.
Investors should buy near Support.
Take Confirmation from RSI and Volume.
Moving average is taken on daily basis.
