SRECR 80% UP : TARGET 400%HELLO TRADERS!
Trade setup was explained in the video in my channel a month ago. Trade worked as per my analysis and is up by almost 80%.
Target is 400%.
Rest details are in the chart.
Relianceindustries
Reliance IndReliance Ind possible to move up broken the LL trend.
Disc: Only for Education and Learning Purpose. Not a trading advice.
Reliance SellChart is self explanatory. It has atleast 4-5 valid reasons to go short. Supported with Wave analysis.
Reliance BuyBuy Reliance @2420 with a Stoploss below 2360 for a target of 2600, 2700 & 2800.
Testing Sep-2020 high. Made an Exhaustion move.
Downside to the strategy: Price below 200 DMA
Reliance Futures Key trading level 24th June 2022Reliance Futures Key trading level 24th June 2022
Disclaimer: These levels are purely based on Price action/demand and supply zones & and consumed only for educational purpose & should not be taken as buy/sell recommendation. I will not be responsible for any loss/profit incurred if anyone takes trades based on my views.
Please consult your Financial Advisor before making any trading decision.
Leave a comment that is helpful or encouraging. Let's master the markets together.
RELIANCE weekly analysis-Taken Support from MA @2545NSE:RELIANCE Reliance is showing good strength on charts and it has taken good support at 2545 levels.
If this level is not broken on next week, we can see higher highs in Reliance, which would stay UP until Crude Oil prices continue to stay high @120$ per barrel.
Reliance's Impending Bear Implosion.Crude Oil Issues, Supply Constraints, Rate hikes by Banks, Rampant Inflation, And Sanctions.
These are just some of the factors which one has to consider while taking a Swing Trade or even Invest in today's market. The War may have triggered food inflation and Oil issues but the problem IS, Was, and always has been the 'Easy Money' philosophy of the United States "Fed" by way of Quantitative Easing, which in layman's terms means rampant printing of the Dollar.
Here without going into a Rant I'd just like to Explain a basic Economics Rule-
The law of supply and demand explains the interaction between the sellers of a resource and the buyers for that resource. The theory defines the relationship between the price of a given good or product and the willingness of people to either buy or sell it. Generally, as price increases, people are willing to supply more and demand less and vice versa when the price falls.
Now how does this Rule govern the market? Basically as price increases so does the supply, and the more supply there is, the lesser the price (or downward pressure).
2008 crash saw declines of 30-50% in the value of the stocks of Blue chip companies. Were they bad businesses? No. Did their businesses started Failing or Fell 50% ? No.
The economic policy behind the growth had imploded.
Oftentimes what happens is, Good Politics is Bad Economics
And such is the nature of markets. They rise and they fall so that new buyers can come in. Fresher Money draws in with new investors. And Bull Market fanatics get weeded out, by the grandeur and false prophecies of numbers just going one way.
"In Bear markets shares Return to their Rightful Owners."
Here lies the opportunity, if you are an investor and have made money in the bull market Congrats, but even the blind can do that. Real Market starts now. As a point, I'd like to mention that Rallies in Bear runs are gonna be the new normal now with stocks giving even more range and fooling people into Buying. "Dead Cat Bounces are the most epic. 12 of the top 20 Nasdaq 1-day Rallies happened during the 78% drop from 2000's top. 9 of the top 20 S&P 500 1-day rallies Happened During the 86% drop from the 1929 top.
Trying to predict and find the bottom would also be a fool's Errand as any low can easily be broken if the sentiment prevails. So folks, buckle up, It's gonna be a hell of a ride!
Reliance ShortClear Inverted Head and Shoulder formation
Once break my level it fall drastically
Intraday levels marked for education purpose
RELIANCE as discussed on Big move to Lifetime HighsNSE:RELIANCE is going Up as discussed, today's move brings it very close to lifetime highs.
RELIANCE manages to move NIFTY up quite a bit today. If RELIANCE could give a fresh breakout anytime this week or next, its time to initiate fresh longs on this counter for MEDIUM to LONG TERM.
RELIANCE can create new Lifetime very soon ?NSE:RELIANCE Reliance Inds. Stock is made a huge upward move last week with close to 64m volume, such huge volume was last a year back in June last year.
This clearly shows big player entering into the stock and also rising crude prices can help RIL earn good profits.
From Weekly charts you can see, NSE:RELIANCE being trading between two trendlines and its almost about to touch the upper trendline which would create new fresh lifetime highs for the stock.
Reliance IndustriesReliance is looking good opportunity for a short term swing. Broke the previous resistance and sustained above it. Might get a pull back 2600-2650. Fresh long could be build for the month of July.
Reliance industrieswait for support.
you may take one dip on both horizontal and trend line support.
reliance brearishreliance just break the structure in daily tf
thereafter yesterday test the supply zone and reject with volumes
which confirm the trend
therefore the ultimate target is the next zemand zone which is lower than its fair value
and june is the last month of first quarter
which also affected by the earning forcast
#Reliance looks ready for new ATH#Reliance has consolidated a lot and is staying above Bollinger band on monthly candle. Possible target looks to be above 3100.
RELIANCE is the KING of stocksWHATEVER may be your investments, making one investment in any environment which can be trusted for years is RELIANCE INDUSTRIES.
With in 30 trading sessions this stock appreciated 25% and still more fuel is left.
Certainly RELIANCE is the king of INDIAN STOCKS
Reliance Fly or FallIn the daily chart the stock is trading within a channel and making higher high, higher low formation.
The stock is trading near resistance zone and breaking above recent high will take it up to 3000 followed by 3200.
On the flip side 2750 is breakout support zone. Closing below this level will trigger profit booking and maximum potential fall can be up to 2300.
These are bigger level to watch near future.
For more charts and facts follow and hit like.
RELIANCE : Facing resistance RELIANCE : Facing resistance
After opening today with good volume Reliance is stuck in range.
Reliance getting major resistance to cross 2725-2735. It needs to cross and sustain for further up move.
If it breakdown from here, we may see 2680, 2650
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Disclaimer
I am not sebi registered analyst
My studies are Educational purpose only
Please consult with your Financial advisor before trading or investing
Reliance can be short for short Termafter making consecutive bullish upmove without any correction or pull back, Reliance has started to correct, the pullback may end taking support of Fibonacci Retracements or can take support on 5 EMA or 20 or any other EMA.try to observe this script for better understanding of price corrections , pullbacks and to learn Dynamic support and Resistances.
Disclaimer: Everything i post is for observation and Learning only, i am not a SEBI registered Analyst, consult your Financial Advisor Before Taking Position.
Reliance Ind have early exit signalReliance Industry have early Exit Signal which suggests the Buy ends here and it's good to book your profit on this rather than opening a new buy position.
