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Reliancetradesetup

RELIANCE (Reliance Industries Limited) - Swing TradeClosing 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, making it an attractive swing trade option. Kindly conduct thorough analysis and consider market conditions before making any trading decisions.
NSE:RELIANCELong
by ruelfernandes
RELIANCE--Head and Shoulders pattern(Right-Shoulder) Forms??Observations: -------->>the stock is trending upwards. -------->> We have observed a left shoulder formed at 2300 level. Now if price falls back to 2300 level and if the same is acts a support we will observe a Head and Shoulders pattern in Reliance. --------->> Previously a strong fall is observed from the zone 2425-2455.If the same zone is acts as resistance we will observe a fall in reliance up to 2300 Zone. ------>> we have a demand zone @2360-2380 level which can act as a pullback to the same zone(2425-2455). and price may fall back to 2300 levels very quickly from this zone. Keep an eye on these levels.
NSE:RELIANCE
by IIT-Trader
Reliance Industries (RIL) Level & Strategy for Next Few DaysDear traders, I have identified chart levels based on my analysis, major support, and resistance levels. Please note that I am not a SEBI registered member. Information shared here for educational purpose. Please don’t trust me or anyone for trading/investment purpose. Focus on learning how to fish, trust your own skills and please do consult your financial advisor before trading. Today, RIL traded below major support level . RIL is the biggest heavy weight stock in Nifty . Today, RIL was down by Rs -32.45 (-1.27%) which is a significant change within a day. Today, RIL continued to slide and performed as expected ? 1. After increase in Windfall Tax 2. Weakness in Crude Oil Prices Today, bears successfully brought down the RIL. It will be interesting to watch RIL levels in coming days. Shall we continue to look for sell on rise strategy in RIL amid global issues & increase in windfall tax ????? Friends, please review & share your comments as well. Have a very happy, healthy & profitable day ahead!
NSE:RELIANCE
by manishmgupta
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.
NSE:RELIANCE1!
by sbkurandwad77