Relianceindustries
Will RELIANCE touch 3200Reliance the biggest company in India is ready to give an upside of 23.5% to reach a level of 3200 in the coming months. It is the best time to buy the elephant now. Beautiful cup with handle pattern supports the uptrend of this stock.
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RELIANCE--Rising Wedge??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.
Found 938 Days Long - Box Consolidation Breakout In RELIANCE Points To Learn - This is a Weekly chart.
A long Term Stock.
-Box Consolidation of 938 days breakout - Done.
-Upper high Upper Low formation has confirmed the change in trend.
-Fibbs. Retracement from 0.6 levels has increased the probability of a genuine retest and breakout.
-Retest Required at box upper level.
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Reliance : On a hourly chart bearish pattern Alert! Bearish Pattern Spotted! 🐻
📊 Pattern: Rising Wedge
📌 Symbol/Asset: RELIANCE
🔍 Description: Stock is making rising wedge on a smaller timeframe.
Reliance is around curve resistance shown in the previous post.
Reliance resistance is around 2980-3030
Connecting the dots shows Reliance should fall from here on.
👉 Disclosure: We are not SEBI registered analysts, this is not a buy or sell recommendation.
Reliance : Sit on the sell side before anyone else Alert! Bearish Pattern Spotted! 🐻
📊 Pattern: Curve Resistance
📌 Symbol/Asset: RELIANCE
🔍 Description: Reliance is near the resistance of curve on a weekly timeframe.
We can see correction of upto 15-20% from this prices.
Resistance is around 2990-3020 and Reliance stock should fall from these prices.
👉 Disclosure: We are not SEBI registered analysts, this is not a buy or sell recommendation.
Reliance--S/R levelsI 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 pressure typically prevents the asset from rising higher.
Take a look at these levels and trade accordingly. Recognizing and respecting these support and resistance levels can help traders make informed decisions and manage risk effectively. They serve as key reference points for technical analysis and are vital tools in successful trading strategies.
Trade safe...Thank you guys for your support
Reliance--Bulllish or Bearish??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 to continue moving upside chances or more.
RELIANCE - Ichimoku BreakoutStock Name - Reliance Industries Limited
Ichimoku Cloud Setup :
1). Today's close is above the Conversion Line
2). Future Kumo is Turning Bullish
3). Chikou span is slanting upwards
All these parameters are showing bullishness at Current Market Price
and more bullishness AFTER crossing 2612
#This is not Buy and Sell recommendation to any one. This is for education purpose and a helping hand to learn trading in Market.
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Breath of fresh air for Reliance IndustriesAfter being in a constant downtrend, market forces seem to be pushing Reliance up from the low few swings that had upmove trapped. Breaking the sloping trend line, the stock can be seen heading towards a new trend that may also direct the Indexes towards a new Bull run. Always good to wait & watch than be taken down in the opposite swing.
Reliance--Resistance @2400 ??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 typically prevents the asset from rising higher.
Take a look at these levels and trade accordingly. Recognizing and respecting these support and resistance levels can help traders make informed decisions and manage risk effectively. They serve as key reference points for technical analysis and are vital tools in successful trading strategies.
Trade safe...Thank you guys for your support
RELIANCE--@ Strong Demand??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 up...sometimes it opens below and continue to down...so careful here.
RELIANCE--Near Its Demand Zone?? 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 the other hand, are points where selling pressure typically prevents the asset from rising higher.
Take a look at these levels and trade accordingly. Recognizing and respecting these support and resistance levels can help traders make informed decisions and manage risk effectively. They serve as key reference points for technical analysis and are vital tools in successful trading strategies.
Trade safe...Thank you guys for your support.
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is RELIANCE up trend is back? WAIT!!!!Market sentiment is very positive for Reliance after sell off for a week. RSI levels are in sold zone. Is reliance stock is getting ready for the pump? May be~~ but wait and understand the chart with the possibilities.
Next resistance level is 2450-2460 . this zone is also around EMA 10. so we may see a retracement at this zone. and if it happens than we have to be very careful at the retest of 2400 zone. if buyers are not strong, we may breakout towards downside. as per the volume, 2350-2360 will be the next support.
Please keep in mind that Reliance fundamentals are strong. New services launched by the company in last AGM can play major role in the market in upcoming months.
Always use the stop-loss and target. Safe trading.