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Reliance Industries – Key Weekly Chart Setup | Strong SupportReliance Industries – Key Weekly Chart Setup | Strong Support Zone & Rebound Potential 🚀 Ticker: RELIANCE (NSE) Timeframe: Weekly Current Price: ₹1,299.50 Technical Indicators: 200W MA, Fibonacci Retracement, MACD Divergence 🔍 Technical Analysis Insight: Reliance Industries is currently hovering around its 200-week moving average (MA) (~₹1,220–₹1,225 zone), which has historically acted as a strong long-term support. This confluence with the 61.8% Fibonacci retracement from the previous rally (₹1,608.55 to ₹1,121.55) makes this zone crucial. Support Zone: ₹1,220–₹1,225 Immediate Resistance: ₹1,362–₹1,380 (near 38.2% retracement & 50W MA) MACD: Showing bullish crossover on the weekly, along with a positive divergence — signaling potential trend reversal. 📌 If broader markets continue in a rebound phase, Reliance could rally up to 20% in a relatively short span. Targets could be ₹1,460 (23.6% retracement) and ₹1,600 (previous swing high). 🛑 Risk Management Note: Keep an eye on volume confirmation. A weekly close below ₹1,200 could invalidate the bullish setup and warrant re-evaluation.
NSE:RELIANCE
by shekharvsingh1
BELOne can make an entry in BEL after breakout from cup and handle pattern. If you find this helpful and want more FREE forecasts in TradingView, Hit the 'BOOST' button Drop some feedback in the comments below! (e.g., What did you find most useful? How can we improve?) Your support is appreciated! Now, it's your turn! Be sure to leave a comment; let us know how you see this opportunity and forecast. Have a successful week DISCLAIMER: I am NOT a SEBI registered advisor or a financial adviser. All the views are for educational purpose only
NSE:BELLong
by milanpatel007
PNB Housing Fin Ltd.*PNB Housing Fin Ltd.* P&F; Formation on Yearly Basis. Morning Star on Monthly Basis. Strong Retest & Upswing begins. Good Vol. Accumulation done. Continued Traction to be watched RSI: 1H W<M. All in Higher Bullish Zone. EMAs: Widening Gaps amongst 20 50 100 200 levels at Weekly Basis. _Respective Weekly Resistance levels as likely Targets. Move can be F&F; :)_ 1031 / 1150 / 1185 / 1261 / 1294 / 1359 *Trail SL with Upside* *Book Profit as per Risk Appetite* Improving Financials. Rising Revenue on Qtrly / Yrly basis. Improving TNW & Balance Sheet. PAN India Presence. Decline in FII Holding Absorbed by DIIs. Promotor / Retail at ~same levels. Concerns: Any slowdown in Housing segment. *This is an Opinion. Do your own research as well.* *_Happy Investing_*🤓
NSE:PNBHOUSINGLong
by IdeasNeosagi
NTPC One can make an entry in NTPC after breakout from cup and handle pattern. If you find this helpful and want more FREE forecasts in TradingView, Hit the 'BOOST' button Drop some feedback in the comments below! (e.g., What did you find most useful? How can we improve?) Your support is appreciated! Now, it's your turn! Be sure to leave a comment; let us know how you see this opportunity and forecast. Have a successful week DISCLAIMER: I am NOT a SEBI registered advisor or a financial adviser. All the views are for educational purpose only
NSE:NTPCLong
by milanpatel007