RELIANCE
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#RELIANCE, One more Blue Chip stock is taking Support around Long Term Resistance Zone which is very Important level to watch out. Breakdown below this level will open Gate for 2100 Level which is POC of 2021 where we can see some demand coming.
Resilient Reliance RisesReliance CMP: 2264
Reliance is one of the top companies in India having a Market cap of Rs 1533454.7 Cr. It is a conglomerate with major activities in Oil and Gas, Retail, Telecom, Finance, FMCG, Green Energy and other growth oriented sectors. Investing in Reliance is equivalent to investing in multiple sectors. Entry in the stock can be taken above 2289 closing. Target will be 2374 and 2464. The long term target in the stock will be 2604 and 2800+. The stock is a long term investment idea and a Portfolio stock. The stop loss in the stock can be maintained at a monthly closing below 1840.
RelianceBottom fishing in reliance can be done with SL of last green bar. It is going down for many days and today's set up for nifty also looks good. Major banks are reliance are showing strength hence some relief can be seen in falling NIFTY also.
Reliance could give a massive upside move!!! Its a detailed analysis about Reliance , which may give a massive upside move!!
Advanced Technical Analysis .
Warning!!!
Never fall for anyone's analysis , do ur own analysis.
I sense the low is already done.its now for upside move in the upcoming days.
Shared a view,with a risk reward ratio of 1:28.
Reliance Showing Early Signs of Top Formation⚡️Early Signs of Top Formation
⚡️ Stage-4 may be confirmed below the 2000-2030 zone only
⚡️If it enters in Stage-4, it may go toward 1500-1600 zone
⚡️Except Covid Crash, first-time price sustained below 200 DMA &Weekly RSI below 40
⚡️ Looks like Reliance Chart follows 78-80 Week time cycle
⚡️The current time cycle is about to complete in next 2-4 weeks
Will Reliance breakdown?Reliance has been in consolidation for a long time, 2200-2350 has been a strong demand zone. It looks like this support level is weakening.
DMI also indicates a bearish outlook. A breakdown from the level of 2200, the downside will pick up the pace. Will wait till then.
RELIANCE GOOD ENTRY POINT FOR MID TERMI won't call this a typical divergence, but a stock making tripple bottom at one level and reversing possibility is very very high.
Reliance Ready for -35% Down Move from here..?Reliance/INR Chart Analysis :-
Based on the chart analysis, Reliance is currently trading at ₹2322 and has broken the support level. This could lead to a big down move in the coming months, but there may be good buying opportunities for the long term around ₹1500-₹1600.
The 0.50 Fib Retracement level is at ₹1584, which could lead to a strong bounce from that level. However, this analysis will only hold true if Reliance breaks the ₹2607 level.
My key levels for Reliance:-
support at ₹2218/₹1897/₹1584 and
Resistance at ₹2680
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Breaking- out from a trendline The scrip is breaking out from a trendline after forming a double bottom, keep this scrip in radar
Trendline Breakdown in Reliance Industries Limited...Chart is self explanatory.
Disclaimer: This is for demonstration and educational purpose only. This is not buying or selling recommendations. I am not SEBI registered. Please consult your financial advisor before taking any trade.
Reliance Bullish Formation of Head and shoulder pattern, which indicates a downside. Getting rejected at the resistance and trendline for multiple times. Targets are at the levels of Fibonacci.
RELIANCE INDReliance ind get rejected from the trendline resistance and huge fall not bullish until it close above 2450
RELIANCENSE:RELIANCE
One Can Enter Now ! Or Wait for Retest of the Trendline (BO) Or wait for 2377 For better R:R ratio
Note :
1.One Can Go long with a Strict SL below the Trendline or Swing Low of Daily Candle.
2. Close, should be good and Clean.
3. R:R ratio should be 1 :2 minimum
4. Plan as per your RISK appetite
Disclaimer : You are responsible for your Profits and loss, Shared for Educational purpose
Reliance may go down !! but keep trailing your SLThe scrip is looking negative and it can break its previous support. keep in radar. but keep trailing your SL.
Reliance breakout of channel
Reliance breakout from the channel. If it can sustain today and tomorrow , we can go long. Though tomorrow is expected to be a down day, so we should wait for it to show us the direction.
Reliance Chart Analysis 12/2/23While the price is above the support 2306 price is expected to fall as the current support will get broken
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RELIANCE DAY CHARTThere is support zone at 2290 level. This stock is continuosly falling from previous two month now it can give some gain If it hold this level
RELIANCE - Elliott Wave ViewRELIANCE.
Correction cycle towards 1900 level. Below 1850, could extend towards 1650 level. The stock is forming a WXY corrective pattern.
The analysis is based on the Elliott Wave Theory.
RELIANCE : CMP - 2359Investor POV: KING is Ready to Roar !!
Mota Bhai getting ready for Bulls Party
New ATH + more upside possible.... 3200 is just a number
Reliance chart view Reliance chart view as per daily analysis
Demand zone area 2300-2350
Next resistance area (hurdle area+key level) 2375-2400
Reliance long-term long viewthis is the updated view of my last post
long zone - 2210:2080
SL: 1850
as looking like its doing 1-2-3-4-5, let me know if anyone wants more info or has any doubts in idea, will be happy to answer all query :)
