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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
Reliance Industries: Case of Ending DiagonalTheory: DIAGONAL: Diagonal are the motive waves like an impulse wave, but diagonals are different from impulse wave in that they do follow the first two Sutras (rules of impulse wave) for wave analysis, but it does not follow the third one i.e. Wave 4 should not intervene the territory of the wave 1. In a diagonal wave 4 always enters into the price territory of the wave 1. Properties Of Diagonals: Diagonals can be contracting or expanding type being expanding diagonal a rare one. In contracting type, wave 3 is shorter than wave 1, wave 5 is shorter than wave 3, and wave 4 is shorter than wave 2. In expanding type, wave 3 is longer than wave 1, wave 5 is longer than wave 3, and wave 4 is longer than wave 2. Types Of Diagonals: LEADING DIAGONAL ENDING DIAGONAL LEADING DIAGONAL: In a leading diagonal , waves 1,3, and 5 are all impulsive in nature or all in corrective form of zigzags. Wave 2 and wave 4 are always present in a zigzag form. A leading diagonal suggests the starting of a new wave & that is why it can develop wave 1 of a impulse wave and a first wave of a zigzag pattern. ENDING DIAGONAL : This is the most common diagonal that can be found out at the ending of a main trend or main correction. It consists of all the waves 1-2-3-4-5 in a single or multiple zigzags. They can be found placed at 5th wave of an impulse wave or can been seen as a wave ‘C’ of a corrective waves zigzags or flat. After the termination of the diagonal , a swift & a sharp reversal takes place which bring the prices back to the level from where the diagonal has began. (generally it retrace back to the wave-2 of the diagonal structure) TRADING PLAN: Stock is likely to hold above 1156 on any weakness and recover towards 1290-1300 in the coming days and weeks ahead.
NSE:RELIANCELong
by TradingSutra
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
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
LongThe intrinsic value of Reliance Industries is currently estimated at ₹2,481, while the stock is trading significantly lower at ₹1,250. This presents a compelling opportunity for long-term investors, I am long at ₹1,220. Given the strong market capitalization of Reliance and its impressive track record of growth and performance over the years, these current levels appear to be an attractive entry point. As the company continues to expand its footprint in sectors like telecommunications, energy, retail, and digital services, the stock is poised for substantial long-term appreciation. For investors looking to build or add to their positions, the current price levels offer a promising opportunity to accumulate shares at a discount to its intrinsic value, with a potential upside towards ₹2,481 in the medium to long term.
NSE:RELIANCELong
by Shivkumar600
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
RELIANCE : BET ON FNO AND SWINGTechnical Analysis of Reliance Industries on 1-Hour Chart Overview of the Chart The chart represents Reliance Industries on the 1-hour timeframe , highlighting key concepts such as CHoCH (Change of Character), demand zones, and the golden retracement zone. Tools Used: Price Action : Key highs/lows, retracement zones. Demand Zones : Mitigated demand areas. Golden Retracement Zone : Optimal entry for Wave B based on Fibonacci levels. Swing Target : Projected target for Wave C. Key Levels and Concepts Explained Extended Retracement Zone (Deep Retracement): ₹1,261.20 – ₹1,252.70 This zone marks a potential support area for buyers after a correction in Wave A to B. Buying Tip: Look for reversal signs in this zone. Stop Loss: Below ₹1,252.70 to manage risk effectively. Golden Retracement Zone (Wave B): ₹1,241.30 – ₹1,261.20 Located at the 61.8% Fibonacci retracement level, a high-probability area for a reversal upward. Buying Strategy: Enter within this zone if price shows bullish signs like engulfing patterns or pin bars. Stop Loss: Just below ₹1,241.30. Target: Swing high at ₹1,341 – ₹1,354 (Wave C). CHoCH Zones: Failed CHoCH: Price rejected near ₹1,273.75 and corrected lower. Demand Zone: Strong demand needs to emerge at ₹1,261.20 for a reversal upward. Tip: Look for bullish confirmation near demand zones or the golden retracement. Swing Target Zone: ₹1,341 – ₹1,354 Represents the projected target for Wave C if the retracement zone holds. Partial Profit Tip: Book profits near ₹1,341 – ₹1,354 and trail stops for further upside. Stop Loss Strategy Stop Loss on Failure: Below ₹1,241.30. If price closes below this level, the bullish setup is invalid, and traders should exit to limit losses. Buying Tips at Key Levels Primary Buy Zone: ₹1,241.30 – ₹1,261.20 (Golden Retracement) Look for bullish confirmation like pin bars, engulfing candles. Stop Loss: Below ₹1,241.30. Target: ₹1,341 – ₹1,354. Aggressive Buy Option: ₹1,261.20 Scale into positions near mitigated demand with tight stop losses. Key Observations Wave Structure: Price is in Wave B (corrective phase), aiming for an upward Wave C. Demand Zone: Buyer defense at the golden retracement confirms bullish outlook. Risk Management: Always use stop losses to avoid significant drawdowns. Summary of Key Levels Key Levels Actions ₹1,241.30 – ₹1,261.20 Buy Zone (Golden Retracement) Below ₹1,241.30 Stop Loss ₹1,341 – ₹1,354 Swing Target Zone By following this plan, traders can align with price structure, optimize risk-to-reward, and trade effectively.
NSE:RELIANCELong
by LiveTradingBox
Reliance Down but seems not out. Reliance is one of India's premier companies with a market cap currently at Rs.1710830.2 Crores. After the stock split the stock lost momentum and had been falling drastically. Right now it is belo Mother and Father line on daily charts. With profitability and EPS set to increase from 2025 onwards as per the last Speech of Mr.Mukesh Ambani Reliance still can to be ruled out as a long term pick and a portfolio stock. Technically the stock is weak but as it is a Long term investment idea and Portfolio stock the levels at which it is trading are looking mouth-watering. Tracking quantity entry or X/3 entry levels are mentioned below for the stock. There is a news today of Reliance entering a long term contract with Russia worth 13B a year at current prices. Along with this news Reliance is trading at a price of 1263. The near by support zones are at 1241 and 1218. Long term support is near the zone of 1150 to 1043. X/3 entry for educational purpose of tracking quantity of Reliance can be taken at current levels or if it falls further to 1241 or 1218 levels and bounces from there. (Entry on bounce not while it is falling). The second entry can be taken on bounce after closing above 1328. Final entry after closing above 1387 levels. Long term targets for Reliance will be 1442, 1530 and 1600+ levels. Stop loss can be maintained at a monthly closing below 1043 (It is very unlikely if it goes there). 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. 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. 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.
NSE:RELIANCE
by Happy_Candles_Investment
The Next Chapter for Reliance...?Reliance has demonstrated a significant shift in its price action by breaking out of the prevailing downtrend. This is an important indicator as it suggests potential momentum for upward movement. Following this breakout, the stock has successfully retested the downtrend line, confirming its strength and validity. Currently, it is trading within a critical support range between 1280 to 1290 rupees. This level has historically provided a foundation for price stability, indicating that there is buying interest around this area. There are three compelling reasons to consider entering a long position at this juncture: 1. **Break of the Trendline**: The breach of the downtrend signifies a potential change in market sentiment, which can often lead to further gains. 2. **Successful Retest**: The fact that Reliance has tested the broken trendline and held suggests that the previous resistance is now acting as support, which increases the likelihood of upward movement. 3. **Maintaining Support Levels**: The stock's ability to stay above the significant support range of 1280 to 1290 rupees indicates strong buying pressure. It reflects investor confidence and may serve as a psychological barrier against further declines. Given these factors, now may be an opportune moment to consider a long position in Reliance.
NSE:RELIANCELong
by Kartik_Elkunchwar
Reliance Industries, are we in bear cycle?It is observed from the chart that we are heading into a bear cycle for Reliance Industries. Coincidentally, the Fibonacci retracement level of 0.618 aligns with the encircled area, indicating a potential support zone. Furthermore, the Gann support also appears to converge in this area, suggesting a strong support level. This convergence is highlighted by the cycle nearing its end around the encircled area, which may point to a possible reversal or a halt in the current downward trend. Disclaimer : This analysis is provided for informational purposes only and should not be construed as investment advice. Always consult with a qualified financial advisor before making any investment decisions.
NSE:RELIANCE
by imkhushal
Reliance near major support zone. Reliance is a large cap company with a market cap of Rs.17,15,224 Crores. CMP of the stock is Rs.1268 with and EPS of Rs.50.2. PE of the company is 25.2. Ten year PE is 21.2. PE in July was 30.9 which has corrected to 25.2 now. Reliance Industries is a fundamentally strong stock. The company covers following sectors. 1) Energy a) Oil and Gas Exploration & Production b) Refining & Marketing c) New Energy & New Materials (Production of Green energy 2) Petrochemicals a) Textiles b) Polymers c) Polyesters d) Fibre Intermediates e) Aromatics f) Elastomers g) Reliance Composites Solutions 3) Retail a) JioMart b) Smart Bazaar, c) Reliance Digital d) Just Dial 4) Jio a) Digital Services b) Telecom 5) Media and Entertainment a) Jio Cinema b) via com18 c) Network 18 d) Jio Studios Thus Reliance is a company with vivid portals of revenue generation and investing in one company called Reliance empowers you into investment in spectrum of companies with multiple revenue sources. Investing in Reliance is like investing in Mutual fund. The Weekly Chart (which we use for gaining long term perspective of a company) of Reliance indicates it is near a support zone. Immediate support being at 1254. 200 Weeks EMA of the stock or the Father line support is at 1176. This indicates that the stock might be near the bottom if it has not formed the bottom already. On the upper side when Reliance starts to move upwards the resistances will be at 1331 and 1396. 1396 being major Mother line resistance of 50 Weeks EMA. Above 1396 weekly closing Reliance will be very bullish again and can regain the levels of 1532 and 1600+ levels in 6 to 12 month. Channel top seems to be in the range of 1753 to 1980 range depending on the future results and future performances of various revenue streams. Bollinger band suggests a bounce in short to medium term in the stock. Looking at the index and weightage of Reliance in the index it will be imperative for Reliance to bounce for index to bounce in a most probable scenario. The waiting period can be 6 to 12 months as the stock is not very strong on technicals. however it is not below 200 Weeks EMA either. Overall Reliance is a large cap stock that has created immense wealth over the years and I do not see any reason currently why it can continue to perform and create wealth for years to come. Outlook for the company in the year 2025 specially 3rd Quarter onwards looks very upbeat once the Green Energy production and revenue strats to trickle in. There is also a possibility of listing of JIO Digital and Telecom as a separate company in they year 2025. Listing of Reliance Retail as a company will be next. (Post Jio telecom listing). The potential of value unlocking in the stock remains immense in our opinion. To know more about Techno-Funda investing, Mother Father and small child theory, Parallel channel you can read my book The Happy Candles way to Wealth creation available on Amazon in paperback or Kindle version. My book is now also available on Google Play books. Do read it. Have a look at the reviews which say that the book is a masterpiece and can be considered as a hand book for investing in equities. 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. 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. There is also chance of bias in our opinion. I, my family or my clients may have a long position in the stock. 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.
NSE:RELIANCE
by Happy_Candles_Investment
Crypto VS Equity : Which you will Choose for 3rd Qtr 2024This chart is very interesting for those who are struggling to find the investment opportunities. We have technical charts, And you can see 4 windows, upper two are cryptos and lower two are Indian Equity index. Now, if we look at the charts, you can easily understand that cryptos are running for this month whereas the equity part is falling , as we all are quick learners, so we can understand what's happening here. In simple words money is going out of various asset classes, even the gold, Fd's ,equities and being invested or traded with cryptos. After the US President election Crypto coins are running in optimism. As Donald Trump have positive stance towards cryptocurrency. And Nobody wants to be left out And so money is getting out of other investment assets. I love to here your views on this ... use Comment box
CRYPTO:BTCUSDLong
by Mohit_T