Relince Option recommendation For 24 -Jan On 21st Jan REL has taken support of 200 SMA in 4 hour chart. As per trend analysis go for call option on 24 Jan.
RELIN trade ideas
RelianceRelianceInd looks good for intraday trade ahead of results on smaller time frame charts. Reliance is trying to stay 2488.35 which 50% fib retracement level of recent high low.
Could be bought with mentioned stoploss & targets.
C
RIL Expecting Down Side!The detail analysis is given on the chart itself. If you like then Thumbs up..
Head and shouldersHead and shoulders breakout one can enter again near same entry level as retest entry
Reliance IndReliance
Good uptrend
RSI - 63 Levels good time to enter
1st Target: 2602 levels
Good Support @ 2480
Like & Follow
reliance to touch 2500 before result reliance nice move now ready to touch it's important to leave 2500 ones before the result.
Reliance. Only a matter of WHEN not IFFor Educational purposes Only:
Ascending channel patterns:
Or rising channels are short-term bullish in that a stock moves higher within an ascending channel, but these patterns often form within longer-term downtrends as continuation patterns. The ascending channel pattern is often followed by lower prices, but only after a downside penetration of the lower trend line. The stock will continue channeling upward until it is able to break either the upper or lower trend line.
Keeping that in mind ascending channels are notorious for taking your SL , but make hay while the sun shines. buy from intraday support or wait for the breakout or breakdown. One can almost mistake the structure of reliance and nifty 50 to be twins. But thats just because of Ambani's weightage in Nifty. If you dont know what "weightage" is you should not be looking at this chart or trading.
I neither have the time nor the crayons to explain this to you. #meanDaddy
RELIANCE Long Term1. Reliance has Broken the Tredline , VOlumes to be observed for tomorrow .
2. Confluence of Volume , Exhaustion of Supply , will bound to rise now till 0.50 Fibo Levels
3. Buy futures of reliace will SELL CE OTM to hedge sudden fall
Like if you agree
Market Driver is on RadarBest Buy For Positional 1 Month holding period
Reliance
Buy 2400
Target 2650 2750 2800
Sl 2370
Reliance is ready for next breakout ?Reliance is ready for next breakout ?
Reliance is ready for next breakout ?
Reliance is ready for next breakout ?
Reliance jan 2nd week swing trade#my first stock analysis
#trade 1.1
If it breakouts on purple line it will touch the trend line n boom..!
If it goes down n touches the support and breakout the trend line as in blue line again boom..!
if it goes below the support line....stop the loss....the trade is successful fail :(
I am not a Financial advisor
Trade at ur risk
Happy Trading :)
Reliance - cup & handle patternNeck Line : 2370
Cup bottom : 1830
Difference : 540
C&H target : 2900
Entry : 2480
SL : 2400
SL points : 80
Target 1 : 2600 (120 points)
Target 2 : 2680 (200 points)
Target 3 : 2750 (270 points)
Trail with SL till
Reliance Industries will Fall in few Days 18/03/2021as very simple price action analysis
it is currently in the distribution phase and will fall as its current volume gets Consolidated and diluted
this Share will fall and make some retracement to the golden one of the Fibonacci Retracement
Reliance Industries Analysis 24/02/2021the price seem to be retracing from its long term rally and now it is falling up to 61.8% of the Fibonacci retracement
if the price started to rally from the place where it is now we can target 3290 directly but if it retraces to lower supports then we can target 1 TP after the retracement
Reliance Breakout on day chart can show good movement to upside Reliance Breakout on day chart can show good movement o upside
Reliance Breakout on day chart can show good movement o upside
Reliance Breakout on day chart can show good movement o upside
Reliance Breakout on day chart can show good movement o upside
