Reliance closed near support Zone , wait for proper rejection or Breakout at zone for entry. Bullish > 2980 Bearish < 2960 Use SL trailing method to secure profit
Reliance closed nr resistance and respect Trendline(both) . Breakout of resistance & Trendline(White) can expect upside or Breakout of Trendline(Blue) & rejection from resistance can drag price downside. Bullish> 2945 Bearish < 2935 Use SL trailing method to secure profit.
➡️ Bullish breakout above 2,968 signaling potential upward movement ➡️ Ascending trend line providing support ➡️ Resistance levels to watch: 3,056 and 3,217 Monitoring for further action as the stock tests key levels
Closing Price: ₹2,972.1 Change %: 1.74% Volume: 7,304,130 High: ₹2,984.45 Reliance Industries, a market heavyweight, saw a 1.74% increase, closing close to its intraday high. The considerable volume signifies robust investor confidence. Given Reliance's diversified business portfolio and market influence, the stock is likely to maintain its upward momentum,...
We could expect some deadcat bounce in this heavyweight, Today's Low becomes a important level! Trade Setup - Long above 2825 for targets mentioned on the chart, however traders should stay cautious when the stock reaches 2965-75 zone where selling should come. Any break above 3025 would give us a trending move towards new highs! Strict SL should...
lower limit- 2181.25 upper limit- 2753.25 cmp- 2455.20 gain- 12.1% from cmp Rangebound trading strategy in reliance, target will be achieved by 18/08/23
Rising wedge bearish pattern is observed in this stock.. This stock is showing strong bullishness from the demand areas at 2600 levels. A strong bullishness is observed after broken the trendline previously and a continuous move is identified. So look for long in this stock from the demand Areas.
I am sharing the important levels of Support and Resistance. These levels plays a crucial role in trading decisions, as they act as reliable markers of price movements. ------>>Support levels are price points where an asset tends to find buying interest, preventing it from falling further. ---->Resistance levels, on the other hand, are points where selling...
This stock is completely bullish now,a strong break above the major resistance is observed recently. Strong bullish move is observed from 2500-2600. Price is likely to test this demand zone again. On topside price is facing resistance in the form of trendline.keep looking for buy when price tested these levels. If consolidation happens on topside price is likely...
I am sharing the important levels of Support and Resistance. These levels play a crucial role in trading decisions, as they act as reliable markers of price movements. ------>>Support levels are price points where an asset tends to find buying interest, preventing it from falling further. ---->Resistance levels, on the other hand, are points where selling pressure...
The stock price is now enters in demand zone, where price is strongly moved to the upside... Find long opportunity in this demand area... on top side we have a trendline acting as a resistance... so be careful with this resistance, may have a chance of pushing the price down... keep safe.... Note:: There is no guarantee that this zone push the price...
look for buy when price test this demand Zone. I am sharing the important levels of Support and Resistance. These levels play a crucial role in trading decisions, as they act as reliable markers of price movements. ------>>Support levels are price points where an asset tends to find buying interest, preventing it from falling further. ---->Resistance levels, on...
this stock is showing strong bullish pressure.. multiple times facing the resistance 2420-2425 range if price breaks this range...will see a good upside movement. keep in long side...
The stock is trending downwards.... we have a strong demand zone at 2360 level... when price comes here...look for buy... we have a continuation bullish gap also be in the middle...take a look at this level as well.. both together may acts as support....
reliance out of long term consolidation.. can reach 4k levels in 2 years if nifty sustain above 20k
After a strong trending movement from few weeks, price is near its resistance level, now it is in the form of Head and Shoulders pattern..which is a reversal pattern.. wait until price breaks the Neckline and retest...then will enter for Short side... keep track this for Short side, if breaks neckline...until wait and watch.
Observations:: previous resistance is acts a support and the price is moved up... a strong fall is noticed from the zone 2580-2570, price broken this zone with strong momentum, and tested again..keep on buy side until this breaks. if price is not able to move upside again from this zone will go for side... A demand zone is observed at 2540 level... if...