RELIANCE : AnalysisBreakdown of Trendline on Weekly Charts, Taking Support on the Trendline Since 2 Years.
Disclosure : Just Analysis for Future Reference. Not a Prediction.
RELIN trade ideas
RIL: AnalysisRIL is following a pattern. Any positive trigger and it can touch previous highs and even higher(3000+). View for next 3 months. fails below 2300
Gann Fan Reliance is moving just according to Gann Fan support and resistance levels.
Jio's revenue rises 19% YoY; EBITDA margin comes in at 52.2%
Reliance - Make or BreakWhile Reliance can go higher in the short run, in the longer run, the structure is extremely week. Watch the 20MMA. The last time Reliance closed below is with MACD in sell... Well the chart shows what happened
RELIANCE LONG TERM VIEWReliance on a weekly chart is moving in a fixed channel for a long time.
2350 is a crucial level for reliance if it breaks we can see a good downfall in this stock. And if it bounces back from this level, the previous high of 2800 level can be expected.
Trade safe. Manage risk. Be profitable.
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Disclaimer:- This is my view. Please analyze the charts yourself and then decide to take any trades.
Reliance Short Term View @ 16-01-2023Reliance is at good Support & Make or Break Level 15 Min Time Frame Chart
Important Levels are Marked on Chart
Thank You Universe 🙏🙏🙏💐, Thanks to all my Teachers....🙏🙏🙏💐
Sign of Early Bearishness in RELIANCE Sign of Trend Reversal (Bearish) in 1W T.F
* Making triple top
* Making Lower High in First time
* Showing -ve RSI Divergence
* waiting for breaking the lower low for
For starting fresh downtrend
Reliance..RSI divergenceReliance is over bought in short interval. Can be shorted for a small target of 1-2 % in the coming week.
Reliance Reliance formed a hammer candle.
Mark high and low on chart.
Buy Reliance above 2500.
Important support 2350.
Buy on deep.
Reliance Industries in a downtrend structureReliance Industries in a downtrend structure.
in 4H chart Reliance Industries shows a downtrend structure, which may push market to test the support levels of 2430 in upcoming trading sessions.
Major resistance level is at 2430.
Classic Chart Pattern.Reliance too is hovering around its major trendline. Any breakdown from here might cause further pain here and Nifty both!
reliance PROS
Company is expected to give good quarter
CONS
Company has a low return on equity of 8.61% over last 3 years.
Dividend payout has been low at 9.52% of profits over last 3 years
I am looking Reliance at side ways market , This is chart only for learning purpose not for trading
Reliance Long in 2210-2080 Reliance is correcting covid low to the recent high cycle in wave II
in long term strong buy zone 2210 - 2080 with SL 1850
Reliance Industries 🚀RIL ( Reliance Industries ) is performing Good at his levels to the estimate Target for Swing Trading is 2680 🎯
Note : This is just for Backtesting and Educational Purpose Only.
Reliance Long Opportunity If trendline breakout with proper 7 rules then go long up to 2990.
Shorterm Investment opportunity.
Invest at your own risk.
RELIANCE : near resistance RELIANCE : Down trend in hourly chart since many days. now its near to resistance for trendline & also near flip Resistance. Please watch closely (in 15 min chart ) all the candle formation and enter in trade. IF Breakout & retest of Flip level we can see 2600 on table and Nifty with our next target as per Nifty chart.
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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 SHORT OPPORTUNITY
Reliance industries showing good short opportunity based on head and shoulder pattern below 2510 with sl around 2589 and target around 2417/2376 risk to reward/ratio of 1 : 1.5.
Reliance Harami type candle on resistance#Reliance in triangle consolidation after Trendline breakdown.
And formed harami looking candle pattern on Resistance today.
Can initiate Short position if it breaks today's & yesterday low around 2550 with SL of 2580
Trgt 2510-2490.
If breaks today's n yesterday high around 2580 then can initiate Long position
With SL below 2550. For trgt 2625, 2675 & 2725 final positional.
