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RELIANCE

RELIANCE LTD – 1H TIME FRAME ANALYSIS📊 NSE:RELIANCE – 1H TIME FRAME ANALYSIS A symmetrical triangle pattern is forming on Reliance's 1-hour chart, showing a consolidation phase. This pattern is neutral in nature, meaning a breakout can occur in either direction, but the setup provides a great opportunity for a breakout trade. The price is now at the apex of the triangle, indicating a potential breakout in the upcoming sessions. Watch for a strong move backed by volume. TRADE PLAN : Chart Pattern: Symmetrical Triangle Timeframe: 1 Hour Stock: Reliance Industries Ltd (NSE) 🔼 Long Trade (Breakout above 1430.55) Entry: Above 1,430.55 (candle close with volume confirmation) Target 1: 1,458.35 Target 2: 1,479.35 Stop Loss: Below 1,417 🔽 Short Trade (Breakdown below trendline): Entry: Below triangle breakdown with strong red candle Target 1: 1,397.55 Target 2: 1,368.25 Stop Loss: Above 1,430 Note: Avoid entering during the triangle zone. Trade only post-confirmation of breakout/breakdown with volume. Disclaimer: This analysis is for educational purposes only. Please consult your financial advisor before making any trading decisions.
NSE:RELIANCELong
by thetradeforecast
RELIANCE : Completing correction, ready to bounce back🚀 Trading Opportunity: Reliance Industries Ltd. (NSE: RELIANCE) - ⏱️ Timeframe: 1 Day (1D) 💰 Current Price: ₹1,175.60 🎯 Swing Target Zone: ₹1,374 - ₹1,565 🏆 🛡️ Support Level: ₹1,182.10 🛑 Stop Loss: ₹1,159.00 (Day Close Below) 📉 🔍 Wave Analysis: 📈 The chart indicates a completed corrective wave (primary) 5 on the daily chart. This suggests a potential end to the downtrend and the start of an upward move. 🔄 We observe a corrective wave (A), followed by a potential reversal at (B), and a completed intermediate correction wave 5. 💥 The breakout at point (2) signals the start of wave (C), aiming for the swing target zone of ₹1,374-₹1,565. 🎯 💪 Current support near ₹1,182.10. ⚠️ Daily close below ₹1,159.00 invalidates the wave count and the setup. ❌ 📊 Strategy: ✅ Entry: Enter near current market prices (around ₹1,175.60). 🛒 🔒 Risk Management: Set stop loss at ₹1,159.00 (daily close) to limit downside. 📉 💸 Exit: Aim for profits within the swing target zone of ₹1,374-₹1,565, aligning with the wave (C) target. 🏆 #Trading 📈 #StockMarket 💰 #RELIANCE 🏭 #TechnicalAnalysis 🧐 #Investing 💼 #ElliottWave ⚠️ Disclaimer: I am not a financial adviser; please consult one. Don't share information that can identify you. ⚠️
NSE:RELIANCELong
by LiveTradingBox
1
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.
NSE:RELIANCEShort
by khalid1988
Reliance Industries📈 Reliance Industries Breakout Alert – ₹1241 Key Level Breached 🚀 Reliance Industries has successfully broken out above a strong resistance zone near ₹1241, indicating a potential bullish move ahead. This level acted as a critical supply zone in the past, and the breakout with volume confirmation adds strength to the trend. 🔍 Technical Highlights: Breakout Level: ₹1241 Volume: Above average (confirming strength) Trend: Bullish Next Resistance Zones: ₹1265 / ₹1290 Support Zones: ₹1220 / ₹1200 (previous resistance now acting as support)
NSE:RELIANCELong
by mrsameofficial
1
Reliance Breakout?📈 Reliance Industries Breakout Alert – ₹1241 Key Level Breached 🚀 Reliance Industries has successfully broken out above a strong resistance zone near ₹1241, indicating a potential bullish move ahead. This level acted as a critical supply zone in the past, and the breakout with volume confirmation adds strength to the trend. 🔍 T echnical Highlights: Breakout Level: ₹1241 Volume: Above average (confirming strength) Trend: Bullish Next Resistance Zones: ₹1265 / ₹1290 Support Zones: ₹1220 / ₹1200 (previous resistance now acting as support)
NSE:RELIANCELong
by vipin95379845
Above 1200 Reliance can move upward otherwise it will be bearishYt - chartpatern - YT - @chartpatern As of March 4, 2025, Reliance Industries Ltd. (RIL) shares closed at ₹1,161.70, reflecting a 0.80% decrease from the previous day. This positions the stock approximately 27.80% below its 52-week high of ₹1,608.95, achieved on July 8, 2024. Your observation that RIL's stock may exhibit bullish behavior above ₹1,200 and bearish tendencies below this threshold aligns with recent performance. The stock's current price is marginally below this pivotal level, suggesting potential bearish momentum. Analyst sentiment remains optimistic, with a consensus rating of 'Buy' and a median price target of ₹1,559, indicating a potential upside of approximately 24.38% from current levels. In summary, while RIL's stock is trading below the ₹1,200 mark, indicating possible bearish trends, the prevailing analyst outlook suggests confidence in the company's long-term performance.
NSE:RELIANCE
by vipin95379845
Good Results makes Reliance a great oppertunityReliance Industries Ltd. engages in hydrocarbon exploration and production, petroleum refining and marketing, petrochemicals, retail, FMCG, and telecommunications, Digital Entertainment and Media. Reliance is one of the biggest Indian companies and vivid sectoral presence. Reliance Industries Ltd. CMP is 1302.35. The Positive aspects of the company are Company with Low Debt, Company with Zero Promoter Pledge, Annual Net Profits improving for last 2 years. The Negative aspects of the company are high Valuation (P.E. = 25.5) and Declining Net Cash Flow. Entry can be taken after closing above 1303 Targets in the stock will be 1355, 1378, 1414 and 1451. The long-term target in the stock will be 1522 and 1556+ Stop loss in the stock should be maintained at Closing below 1184. Disclaimer: The above information is provided for educational purpose, analysis and paper trading only. Please don't treat this as a buy or sell recommendation for the stock or index. We do not guarantee any success in highly volatile market or otherwise. Stock market investment is subject to market risks which include global and regional risks. I or my clients might have positions in the stocks that we mention in our posts. We will not be responsible for any Profit or loss that may occur due to any financial decision taken based on any data provided in this message. Do consult your investment advisor before taking any financial decisions. Stop losses should be an important part of any investment in equity.
NSE:RELIANCELong
by Happy_Candles_Investment
Reliance looks to be the BEAST amongst BEARS!!Reliance has been on a decline for a while and we have all wondered about when this beast of a bull will come to party!!.....May be the time has come!! - MACD is positive - Volume is high and RSI increasing over last few trading sessions - Taken support 2 or 3 times in the 1205-1210 level - Breaking out of a Falling Wedge pattern - Taken support from 68.2 Retracement on Fibonacci and crossed 1260 - indicating an impulse pattern Next stop 1290-1300 and eventually 1350!! Fingers crossed
NSE:RELIANCELong
by nyk255678
2
Correction Wave 5 in Reliance Industries Complete? Now what?Correction phase of Reliance industries has been patience testing for it's investors. As per my personal analysis these are the 3 paths that it can probably take. Path1) Now it can go either from a to b with stoppages. Closing above 1252 will enable Ril reach from a to d that is 1252 to 1429. If we get a breakout near 1429 upside targets will be 1452, 1479 and 1500 to 1600 range. Path 2) The path that it can take is a to c to d to e and e to f. Which is from 1251 it can again fall to 1203 from 1203 it can again travel to 1251 from 1251 down to 1110 and from 1110 to 1379 levels. Path 3) The path that it can also take is a to c to d to g. Which is from 1251 it can again fall down to 1203 from there it can reach 1252 and from there it can jog to 1323 levels. Reliance is conglomerate of Oil and Gas, Retail, Green Energy, Media and Telecom, Textile etc. businesses. In the short medium or long term it will rise again in all probabilities. An investor can take a decision to hold, compound, average or add Reliance Industries to their portfolio. I have personally added a good chunk of Reliance stocks to my portfolio where it existed already. Right now Reliance is in an patience testing phase of an investor's journey. I believe that rewards will come sooner rather than later. Reliance has been part of my Portfolio since I started my investment journey so there is a chance of bias in my analysis so invest wisely after looking at the chart. Disclaimer:The above information is provided for educational purpose, analysis and paper trading only. Please don't treat this as a buy or sell recommendation for the stock or index. We do not guarantee any success in highly volatile market or otherwise. Stock market investment is subject to market risks which include global and regional risks. I or my clients might have positions in the stocks that we mention in our posts. We will not be responsible for any Profit or loss that may occur due to any financial decision taken based on any data provided in this message. Do consult your investment advisor before taking any financial decisions. Stop losses should be an important part of any investment in equity.
NSE:RELIANCELong
by Happy_Candles_Investment
Possible Wave Counts of RELIANCE : Near to Bottom ?Reliance Industries Technical Analysis based on Elliott Wave Counts (Possible) Chart: The analysis is based on a 2-hourly timeframe chart of Reliance Industries (RELIANCE). Elliott Wave Theory: The analysis utilizes Elliott Wave Theory, which suggests that market prices move in repetitive patterns called waves. These patterns consist of impulsive waves (numbered 1-5) that move in the direction of the main trend and corrective waves (labeled A-B-C) that move against the main trend. Possible Wave Counts: Overall Trend: The chart suggests a potential overall uptrend, with the analysis focusing on a smaller degree wave structure within this larger trend. Impulsive Waves: The chart highlights several impulsive waves (1-5) of varying degrees, indicating periods of strong price movement in the direction of the trend. Corrective Waves: The chart also identifies corrective waves (A-B-C), representing periods of price consolidation or retracement against the main trend. Current Wave: The analysis suggests that the price is currently in a corrective wave (2), following an impulsive wave (1). Potential Target: Based on the wave counts, there is a potential for further upward movement once the current corrective wave completes. However, specific price targets are not provided in this analysis. Key Levels: Invalidation Level: A key level to watch is the "Invalidation Level" marked on the chart. If the price breaks below this level, the current wave count may be invalidated, suggesting a different interpretation of the market structure. I am not Sebi registered analyst. My studies are for educational purpose only. Please Consult your financial advisor before trading or investing. I am not responsible for any kinds of your profits and your losses. Most investors treat trading as a hobby because they have a full-time job doing something else. However, If you treat trading like a business, it will pay you like a business. If you treat like a hobby, hobbies don't pay, they cost you...! Hope this post is helpful to community Thanks RK💕 Disclaimer and Risk Warning. The analysis and discussion provided on in.tradingview.com is intended for educational purposes only and should not be relied upon for trading decisions. RK_Charts is not an investment adviser and the information provided here should not be taken as professional investment advice. Before buying or selling any investments, securities, or precious metals, it is recommended that you conduct your own due diligence. RK_Charts does not share in your profits and will not take responsibility for any losses you may incur. So Please Consult your financial advisor before trading or investing.
NSE:RELIANCE
by RK_Chaarts