Reliance Reliance Cmp 1394
this is daily chart of reliance...
looking at the chart,
this are my wave counts on reliance....
we are in wave c of wave B....
I am expecting reversal from current levels or from the marked levels...
we can soon see wave C moving down and retesting new low as 1st tgts ....
Just a View!!!
Vedang ! :)
Discliamer: Chart is for study purpose only!!!
RELIANCE trade ideas
Reliance Industries - Analysis & BTO,STC Strategy derivedThe chart provided is a daily candlestick chart for RELIANCE. Here are some key observations:
Recent Uptrend: The price has shown a significant upward movement starting in early April 2025, culminating in a recent high. This aligns with the positive sentiment following the earnings report released on April 25, 2025.
Bollinger Bands: The price has recently broken above the upper Bollinger Band, suggesting potential overbought conditions in the short term but also indicating strong upward momentum.
Moving Averages: The price is trading well above the 20-day Simple Moving Average (SMA), further confirming the uptrend. The 50-day and 200-day SMAs (not explicitly shown with values but implied by the longer-term trend) likely lie below the current price, indicating a broader bullish trend.
Fibonacci Retracement: The chart shows Fibonacci retracement levels drawn from a recent swing high around ₹1,503.85 and a swing low around ₹1,202.45. The price has currently surpassed the 0.618 Fibonacci retracement level (approximately ₹1,390).
Reasons for the Uptrend Based on the Earnings Report:
The positive uptrend is likely fueled by the following key highlights from the recent earnings report:
Strong Consolidated Performance: Both revenue and net profit showed healthy year-on-year growth for Q4 FY25 and the full financial year FY25, indicating a strong overall financial performance.
Robust Growth in Consumer Businesses: Reliance Retail and Reliance Jio demonstrated significant growth in revenue and profitability, driven by factors like store expansion, increased subscriber base, and improved ARPU. These consumer-facing businesses are key growth drivers for RIL.
Positive Outlook and Initiatives: The company's progress in new energy initiatives (solar panel and battery manufacturing) and strategic acquisitions signal future growth potential and investor confidence.
Dividend Announcement: The recommendation of a final dividend is generally viewed positively by investors.
Market Sentiment: The overall market reaction to the earnings report was positive, leading to increased buying interest in the stock.
Trading Strategies and Levels:
Based on the current chart and the positive earnings report, here are potential trading scenarios for both options and equity, along with suggested take profit (TP) and stop loss (SL) levels and risk-reward ratios.
1. Equity Trading:
Immediate Support: ₹1,368.70 (This level has acted as a recent pivot and is close to the current price).
Next Level Support: ₹1,332.40 (This level aligns with the 0.382 Fibonacci retracement and a previous consolidation area).
Immediate Resistance: ₹1,417.85 (This is the level the price is currently testing and the 0.786 Fibonacci retracement).
Next Level Resistance (Potential Take Profit 1): ₹1,503.85 (This is the previous swing high and the 1.0 Fibonacci extension of the recent move).
Potential Take Profit 2: Above ₹1,503.85 (If the upward momentum continues strongly, targeting higher Fibonacci extensions or previous all-time highs, if applicable).
Potential Long Entry: Consider a long position on a pullback towards the immediate support level of ₹1,368.70, provided there are bullish confirmation signals (e.g., a bullish candlestick pattern).
Stop Loss: Place the stop loss below the next level of support at ₹1,332.40 to limit potential losses.
Take Profit 1: ₹1,503.85
Risk-Reward Ratio (Entry at ₹1,368.70, SL at ₹1,332.40, TP at ₹1,503.85):
Risk per share = ₹1,368.70 - ₹1,332.40 = ₹36.30
Reward per share = ₹1,503.85 - ₹1,368.70 = ₹135.15
Risk-Reward Ratio = ₹135.15 / ₹36.30 ≈ 3.72 : 1 (Favorable)
2. Options Trading:
Given the bullish sentiment, traders might consider buying call options or call spreads.
Bull Call Spread:
Buy: A call option with a strike price near the current resistance level (e.g., ₹1,420 strike price expiring in the near term).
Sell: A call option with a higher strike price as the target (e.g., ₹1,500 strike price with the same expiry).
Potential Profit: Limited to the difference between the strike prices minus the net premium paid.
Maximum Loss: Limited to the net premium paid.
Stop Loss (Strategy Level): If the underlying price breaks below the immediate support level (₹1,368.70), consider exiting the spread to limit losses.
Profit Target: If the price reaches or surpasses the higher strike price (₹1,500).
Profit/Loss Ratio: This depends on the premiums paid and received. Calculate the maximum profit and maximum loss before entering the trade to assess the ratio. For example, if the net premium paid is ₹15 and the difference between strikes is ₹80, the max profit is ₹65 and the max loss is ₹15, resulting in a ratio of approximately 4.33 : 1.
Buying a Call Option:
Buy: A call option with a strike price near the current price or slightly out-of-the-money (OTM).
Potential Profit: Unlimited if the price moves significantly above the strike price.
Maximum Loss: Limited to the premium paid.
Stop Loss (Price Level): Set a stop loss on the underlying price (e.g., below the immediate support of ₹1,368.70) to protect the premium.
Take Profit: Based on the resistance levels identified (₹1,503.85 and above) or based on a target profit in terms of premium multiple.
Profit/Loss Ratio: Highly variable depending on the price movement and premium paid.
Important Considerations for Options Trading:
Time Decay (Theta): Options lose value over time, especially as they approach their expiry date. This is a crucial factor to consider, especially for short-term trades.
Volatility (Vega): Changes in implied volatility can significantly impact option prices. Earnings announcements often lead to a spike in volatility, which may decrease after the event.
Expiry Date: Choose an expiry date that aligns with your trading timeframe and expectations for the price movement.
Disclaimer:
This analysis is for informational and educational purposes only and should not be considered as financial advice. Trading in equities and options involves significant risks, and you could lose your entire investment. Always conduct your own thorough research and consult with a qualified financial advisor before making any trading decisions. The levels provided are based on the current chart and may not hold true in the future. Market conditions can change rapidly.
REL INDUS : After a fantastic run ,inching closer to resistanceREL INDUS : After a fantastic run from the support of 1114 and then becoming a buy around 1280 ish range and also clearing the resistance of 1310 now inching closer to the next resistance levels.
Red bands are displayed on the chart .
( Not a Buy / Sell Recommendation
Do your own due diligence ,Market is subject to risks, This is my own view and for learning only .)
Reliance: Shattered the previous resistance of 1310Reliance: Shattered the previous resistance of 1310.
Closed above 200 SMA ,a big positive .
Already in a Buy trajectory.
MACD is fantastic
Next resistance levels are visible on the Screen.( Red bands)
( Not a Buy / Sell Recommendation
Do your own due diligence ,Market is subject to risks, This is my own view and for learning only .)
Review and plan for 28th April 2025 Nifty future and banknifty future analysis and intraday plan.
Quarterly results.
This video is for information/education purpose only. you are 100% responsible for any actions you take by reading/viewing this post.
please consult your financial advisor before taking any action.
----Vinaykumar hiremath, CMT
RELIANCE SWING TRADE SETUP📊 Price Action & Trend Analysis
Analyzing market trends using price action, key support/resistance levels, and candlestick patterns to identify high-probability trade setups.
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Reliance Industries Ltd view for Intraday 29th April #RELIANCE Reliance Industries Ltd view for Intraday 29th April #RELIANCE
Resistance 1370-1375 Watching above 1377 for upside movement...
Support area 1350 Below 1350 ignoring upside momentum for intraday
Watching below 1347 for downside movement...
Above 1370 ignoring downside move for intraday
Charts for Educational purposes only.
Please follow strict stop loss and risk reward if you follow the level.
Thanks,
V Trade Point
Reliance Industries Ltd view for Intraday 28th April #RELIANCE Reliance Industries Ltd view for Intraday 28th April #RELIANCE
Resistance 1301-1305 Watching above 1306 for upside movement...
Support area 1280 Below 1290 ignoring upside momentum for intraday
Watching below 1278 for downside movement...
Above 1290 ignoring downside move for intraday
Charts for Educational purposes only.
Please follow strict stop loss and risk reward if you follow the level.
Thanks,
V Trade Point
Reliance Industries Ltd view for Intraday 23rd April #RELIANCE Reliance Industries Ltd view for Intraday 23rd April #RELIANCE
Resistance 1300-1305 Watching above 1280 for upside movement...
Support area 1278 Below 1300 ignoring upside momentum for intraday
Watching below 1278 for downside movement...
Above 1300 ignoring downside move for intraday
Charts for Educational purposes only.
Please follow strict stop loss and risk reward if you follow the level.
Thanks,
V Trade Point
Reliance Industries – Key Weekly Chart Setup | Strong SupportReliance Industries – Key Weekly Chart Setup | Strong Support Zone & Rebound Potential 🚀
Ticker: RELIANCE (NSE)
Timeframe: Weekly
Current Price: ₹1,299.50
Technical Indicators: 200W MA, Fibonacci Retracement, MACD Divergence
🔍 Technical Analysis Insight:
Reliance Industries is currently hovering around its 200-week moving average (MA) (~₹1,220–₹1,225 zone), which has historically acted as a strong long-term support. This confluence with the 61.8% Fibonacci retracement from the previous rally (₹1,608.55 to ₹1,121.55) makes this zone crucial.
Support Zone: ₹1,220–₹1,225
Immediate Resistance: ₹1,362–₹1,380 (near 38.2% retracement & 50W MA)
MACD: Showing bullish crossover on the weekly, along with a positive divergence — signaling potential trend reversal.
📌 If broader markets continue in a rebound phase, Reliance could rally up to 20% in a relatively short span. Targets could be ₹1,460 (23.6% retracement) and ₹1,600 (previous swing high).
🛑 Risk Management Note:
Keep an eye on volume confirmation. A weekly close below ₹1,200 could invalidate the bullish setup and warrant re-evaluation.
Reliance Industries Ltd view for Intraday 23rd April #RELIANCEReliance Industries Ltd view for Intraday 23rd April #RELIANCE
Resistance 1280 Watching above 1285 for upside movement...
Support area 1250 Below 1270 ignoring upside momentum for intraday
Watching below 1245 for downside movement...
Above 1270 ignoring downside move for intraday
Charts for Educational purposes only.
Please follow strict stop loss and risk reward if you follow the level.
Thanks,
V Trade Point
RELIANCE INDUSTRIES LTD short dayThe stock of Reliance Industries is currently exhibiting a clear bearish tone. Price action continues to show weakness, with repeated failed attempts to recover, signaling that sellers remain in control.
The ongoing downward movement suggests a lack of confidence from market participants, with no strong catalysts visible to shift momentum. Selling pressure dominates, while any bounce attempts struggle to hold.
Unless there's a visible change in price behavior or a shift in sentiment, the overall outlook remains negative. Caution is advised, and buyers may want to wait for clearer signs of stability before considering entry.