Reliance can go up todayReliance formed a double top pattern in daily basis, as well it is in demand zone now, buy it above 2285 and sell it below 2260
Relianceindustries
Reliance Industries - Is it the peak? Will I get stuck on top?"Market Structure"
Investors won't get stuck from medium to long term perspective even if they enter RIL from here.
There could be a small correction in short to very short term but that should be seen as an opportunity to enter in.
Reliance- Some more consolidation expected around 2210-2250Reliance has been taking support from the long term trend line as depicted in the chart. Short term trend has formed a Head and shoulders pattern which indicates reversal of uptrend. If support is strong then expect the price to hover around 2210-2250 for a few sessions. Long-only above 2280.
RELIANCE update 1 ON 26.09.2020Hi Friends,
I got the request from one of my follower to give the update on Reliance, So here it is.
RELIANCE gave Huge run, So far it is good. But now it is the decision time.
you might have these questions in your mind.
Shall I enter at this price?
Shall I book profit?
Shall I accumulate the stock?
Resistance area for Reliance is 2244 - 2266 (it is 2-3% away from cmp), once it brake the resistance it will give huge brakeout. So for any fresh buying waiting to cross the resistance area is advisable.
For short sellers (very few, but any) keep stoploss of 2267. (REMEMBER PROFESSIONALS ENTER THE TRADE WITH STOPLOSS IN MIND, but armatures like me :P , enter the trade with profit in mind. )
For profit booking it is your choice........
Your Humble trader,
KIRAN
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Reliance Industries likely to fall Trading the chart with indicators, trendlines, breakouts, even the candlestick analysis are not enough to follow the order flow. For that one need an edge. Just follow the big money , follow the order flow. Happy trading
RELIANCE INDUSTRIEScurrently reliance is trading at rs 2315...and my analysis says that it will fall down because according to RSI it was in overbought condition ..and that's why it is falling today ...and also according to SHOCKASTIC technical analysis it is also saying that it will go down because blue crosses the orange line or blue line is below orange line
and i also analysed through candle sticks it is also telling the same ...as you can see there is a doji candle sticks ..it maens that the market will get reversed
Reliance Industries Bullish Flag formationBullish Flag forming in RIL. Can buy near the base of the near 2275.
Buy Reliance Above 2205 Target - 2235 / 2250 / 2300Buy Above 2205
Target - 2235 / 2250 / 2300
Stoploss - 2140
We are not SEBI registered
RELIANCE TECHNICAL ANALYSIS FOR INTRADAY AND UPCOMING WEEKRELIANCE TECHNICAL ANALYSIS FOR INTRADAY AND UPCOMING WEEK
Reliance Industries - Deep CrabReliance Industries formed Deep Crab Pattern on Daily chart.
Those whose missed the bus, do not hurry to buy the stock at the current price , considering the resistance suggested by the pattern.
Let the stock settle for some time , will update buy levels , when gets some hints from price action.
RELIANCE - BREAKOUT Hello Everyone! Reliance is forming flag pattern and simultaneously forming bullish pennant . So above 2200 you can go long and can expect 10% return . Stoploss -2150
Thankyou and plz share your views
Reliance Poll and Flag Breakout for swing tradingWhy this trade?
Technical Data:
1. Reliance was holding 2040-2050 very strongly despite of large move in the last few months. Also in the market of uncertainty.
2. We saw one way rally from 1611 to the 2198.90 when it breaks ATH of 21st January.
3. The most interesting thing is consolidation on higher levels for 30 trading sessions ( over 42 days ) and it never close below 2000 in this period. This is clearly showing strength.
Fundamental/News :
1. Recent acquisition of future group & silver lake's as first investor in the Reliance retail shows mostly all strategic investment announcement most likely to done in upcoming days.
2. Valuation of R-Retail is really very good & could be the larger than RJIO.
Thought Process:
Many was thinking to buy below 2000 or at 1800 levels after big run. Similarly one could think to buy at 2200 level when it will move to 2600. No one can predict up/down move of stock. Basic thing when investor like Silverlake investing at current valuation then it may have probability to get multi fold returns in upcoming years. Usually private equity funds interested larger returns. They avoid to play for less marginal returns. So in short, current valuation is not really overrated as everyone is talking.
Targets/Stoploss:
Time frame : Next 18-22 trading sessions ( Analyzing )
Entry: Above 2170 on closing basis
Target: 2595 ( Decide using poll-flag pattern. )
Stoploss: 2040-2050 ( Current swing low )
RR: 3.15
R-0206 Cash Buy RELIANCE @2110.00-2111.10 SL 2091 TGT 2160Intraday Cash Buy RELIANCE @2110.00-2111.10 SL 2091 TGT 2160
1. Above VWAP
2. TK cross over
3. Pivot break out 2092 next resistance is 2184
4. ichomoku cloud break out
5. MACD cross over
Reliance - Pole and Flag patternReliance Industries has a possible Pole and Flag pattern.
A decisive breakout above 2200 can activate the target of roughly 2600
Live Intraday Trading - Hit and Run TradeWhat is hit and run trade ?
1.Got very good partials when it was trading at high's.
2.It hit my target , I took my partials .
3.Stock went back to it's stop loss.
4.If I would have not taken partials at right time , I would have ended in loss.
5.Got out when the stock hit it's stop loss.
Reliance Industries | Buy Reliance Industries hit lifetime high of ₹2,198.8 in July and since then, it has been moving in a sideways trend. Whatsoever, the stock is still bullish as it continues to trade above ₹2,000. It will most probably rally sooner or later.
Note: The Supreme Court is likely to says its verdict on AGR issue on September 2 and this can impact the stock price. Watch closely.
Reliance - Ready for another up leg - Wave 5NSE:RELIANCE bounced from the lower support trend line of bullish channel. It also completed corrective abc wave. Now it may go ahead for a wave 5.
RELIANCE 30MIN | Expect a short Rise and further FallThe graph has reached a strong demand zone. There are 2 possibilities now :
1. It can break this demand zone and fall further.
2. It can rise up from this demand zone and go up to 2100 -2117 .
Watch and Trade accordingly.
