long reliancereliance trade line breakout also price above cloud.. it may give rally till 2460 +++..analysis fail below 2370... good risk to reward...
RELIANCE trade ideas
RELIANCE Looks BullishMA cross overs and Strong RSI along with head & shoulder pattern suggest a bullish trend in Reliance
Reiance Cup & Handle PatternLooks like reliance is getting ready for breakout. If sustained above the horizontal line then can give move up and if sustained above 2500 then it can blast
Reliance can be short term good Bouce Reliance as falling massive from ATH
now time to be some retracement till 2375 2420
STOP LOSS 2180 60
BUY RELIANCE 2300CE 09 12 SL 06 TGT 22 44 55 64+++
reliance going to go upthis is based on my own analysis:
entry- BETWEEN-2360-2362
minimum tgt- 2388
sl- CLOSE BLW- 2350
Reliance- failed to create a strong High falls below 2350 ??Observations:
A strong sell off is observed after opening gap up , so will expect a downward momentum in reliance to the level 2290.
The RELIANCE has been trending upwards, but recently it broke through the higher low level at 2342 and dropped to a low of 2326.
However, the previous supply zone at 2326 has acted as a demand level, causing the price to rise weakly towards the upside.
At this point, it is uncertain whether the stock will continue to move higher or form a lower low.
Further analysis is required to determine the likely direction of the price movement.
Note:
As of now it is in bullish, slightly turned to be bearish as a low is formed and weak momentum is observed towards high.
INTRADAY IDEA ON 24-04-2023in reliance will take a long and short trade,this content is made for learning and educational purposes only.
RELIANCE-Will create a lowerlow or continue upside.The RELIANCE has been trending upwards, but recently it broke through the higher low level at 2342 and dropped to a low of 2326.
However, the previous supply zone at 2326 has acted as a demand level, causing the price to rise weakly towards the upside.
At this point, it is uncertain whether the stock will continue to move higher or form a lower low.
Further analysis is required to determine the likely direction of the price movement.
Note:
As of now it is in bullish, slightly turned to be bearish as a low is formed and weak momentum is observed towards high ,it may create lower low or can rise towards a strong level of resistance at 2400.
INTRADAY IDEA ON 20-04-2023in reliance we will take a long and short trade this content is made for learning and educational purposes only
RELIANCE LOOKS LIKE IT IS ON IT'S WAY DOWNWill look at Shorting Reliacen below 2330 Levels.
RELIANCE LOOKS LIKE IT IS ON IT'S WAY DOWN
RELIANCE FALLING WEDGE BREAKOUT AND CONSOLIDATION DAILYREADY TO MOVE 10-15% once 2400 is taken out reliance will blast but we are having result on 21 april only that factor one should consider before going long ... charts seems very bullish.
Reliance ( upside possible )A good trendline breakout, with consolidation for a week.
A good buy above 2337.15, support level with a SL of 50-53 points for targets of 2447, 2606 & 2732.
Trade wisely at your own risk appetite,
Good luck, Jai Hind.
RELIANCE 1H (10TH APRIL 2023)NSE:RELIANCE
Hello traders ,
All important levels are drawn in the chart.Work with risk reward ratio. not taking a trade is also a trade.
A trade cant change anything keep in your mind,if you think one trade can change your life then you are doing gambling in the market.take calculated risk.
DISCLAIMER- We are not a SEBI registered advisor.this is only for educational purpose. before taking trade take advice from your financial advisor.We will not be responsible for your profit and loss.
Reliance Go for longReliance Go for long, target will be 3100
channel formation is formed and harmonic pattern formed in channel
What is #Reliance up to?Reliance Industries Ltd. remains favourite among many NSE traders, and among people who trade #Nifty50 in India.
This one is in wave 4 and subsequently wave 5, down and therefore I am looking at shorting opportunities from these levels.
Happy Trading.
reliance 2450 short term targetOnce reliance cross 2357 then it goes to 2450 i few days.
Currently it is at about to cross 50 dma
Reliance Important support and resistance on chart.
Indicator shows bullish divergence.
Try to buy weekly low.
RELIANCE RELIANCE - The BAT harmonic
The stock broke down from an important support.
It may continue it's journey on the downside till Point D.
View negated above 2353 (weekly close)
