RELIANCE trade ideas
RELIANCEi Observed these Levels based on Price Action and Demand & Supply which is my own Concept "PENDAM CONCEPTS"... Please don't take any trades based on this chart/post... Because this chart is for educational purpose only not for Buy or Sell Recommendation... Thank Q
Reliance led the fall in the market.. what aheadReliance one of the heavily traded counters in the market is showing some interesting signs. The entire down move started with a strong corporate action of the bonus announcement which attracts huge retail sentiments. prices were in the range of 3000 and there we saw the top formation in the recent past. post that we can see some frequent formations of Flag patterns and a continuation move post that. the moves have been in line with the expections as per technical analysis levels. Now currently we can see a possible wedge pattern being formed and within the wedge a parallel pattern is also getting formed. both wedge and parallel patterns are still in formation stage. We must wait for confirmation of the either pattern and then trade on the breakout of the range accordingly. Some interesting levels on the downside are marked as per the fib extension which i plot it according to my understanding. The levels and view is shared purely for educational purpose.
Reliance Buy (14% profit)The Reliance stock looks good for long.
Its target I have shown in the picture. Thank You.
Disclaimer: Don't just blindly Trade or Invest, learn and then trade. Manage your risks properly.
This analysis is purely for EDUCATIONAL purpose
RELIANCE - looking bullishRELIANCE - looking bullish - With Year on Year & QoQ increased Earnings with DOUBLE BOTTOM AND SPRING pattern developing on charts - looking for a bullish trades
Good Results makes Reliance a great oppertunityReliance Industries Ltd. engages in hydrocarbon exploration and production, petroleum refining and marketing, petrochemicals, retail, FMCG, and telecommunications, Digital Entertainment and Media. Reliance is one of the biggest Indian companies and vivid sectoral presence.
Reliance Industries Ltd. CMP is 1302.35. The Positive aspects of the company are Company with Low Debt, Company with Zero Promoter Pledge, Annual Net Profits improving for last 2 years. The Negative aspects of the company are high Valuation (P.E. = 25.5) and Declining Net Cash Flow.
Entry can be taken after closing above 1303 Targets in the stock will be 1355, 1378, 1414 and 1451. The long-term target in the stock will be 1522 and 1556+ Stop loss in the stock should be maintained at Closing below 1184.
Disclaimer: The above information is provided for educational purpose, analysis and paper trading only. Please don't treat this as a buy or sell recommendation for the stock or index. We do not guarantee any success in highly volatile market or otherwise. Stock market investment is subject to market risks which include global and regional risks. I or my clients might have positions in the stocks that we mention in our posts. We will not be responsible for any Profit or loss that may occur due to any financial decision taken based on any data provided in this message. Do consult your investment advisor before taking any financial decisions. Stop losses should be an important part of any investment in equity.
RELIANCE KEY LEVELS FOR 20/01/2025//@description
// All credit goes to Tony for the concept of this indicator. His Trading View link: www.tradingview.com
// Note: The calculation method in this indicator differs from Tony's, but the concept is derived from his work.
**Explanation:**
This trading system helps you avoid blind trades by providing confirmation for better entries and exits. It considers volume, past prices, price range and indiavix.
**Entry/Exit Points:**
- **Entry/Exit Lines:** Use the BLACK line for long trades and the RED line for short trades, based on confirmation from your trading plan.
- **Stop Loss:** For long trades, set the stop loss at the RED line below. For short trades, set it at the BLACK line above.
- **Take Profit:** For long trades, target the next RED line above. For short trades, target the next BLACK line below.
**Timeframe:**
Use a 5 timeframe for trading.
**Risk Disclaimer:**
This setup is for educational purposes. I'm not responsible for your gains or losses. Check the chart for more details.
RIL S/R for 20/1/25Support and Resistance Levels:
Support Levels: These are price points (green line/shade) where a downward trend may be halted due to a concentration of buying interest. Imagine them as a safety net where buyers step in, preventing further decline.
Resistance Levels: Conversely, resistance levels (red line/shade) are where upward trends might stall due to increased selling interest. They act like a ceiling where sellers come in to push prices down.
Breakouts:
Bullish Breakout: When the price moves above resistance, it often indicates strong buying interest and the potential for a continued uptrend. Traders may view this as a signal to buy or hold.
Bearish Breakout: When the price falls below support, it can signal strong selling interest and the potential for a continued downtrend. Traders might see this as a cue to sell or avoid buying.
MA Ribbon (EMA 20, EMA 50, EMA 100, EMA 200) :
Above EMA: If the stock price is above the EMA, it suggests a potential uptrend or bullish momentum.
Below EMA: If the stock price is below the EMA, it indicates a potential downtrend or bearish momentum.
Trendline: A trendline is a straight line drawn on a chart to represent the general direction of a data point set.
Uptrend Line: Drawn by connecting the lows in an upward trend. Indicates that the price is moving higher over time. Acts as a support level, where prices tend to bounce upward.
Downtrend Line: Drawn by connecting the highs in a downward trend. Indicates that the price is moving lower over time. It acts as a resistance level, where prices tend to drop.
Disclaimer:
I am not a SEBI registered. The information provided here is for learning purposes only and should not be interpreted as financial advice. Consider the broader market context and consult with a qualified financial advisor before making investment decisions.
RIL S/R for 13/1/25Support and Resistance Levels:
Support Levels: These are price points (green line/shade) where a downward trend may be halted due to a concentration of buying interest. Imagine them as a safety net where buyers step in, preventing further decline.
Resistance Levels: Conversely, resistance levels (red line/shade) are where upward trends might stall due to increased selling interest. They act like a ceiling where sellers come in to push prices down.
Breakouts:
Bullish Breakout: When the price moves above resistance, it often indicates strong buying interest and the potential for a continued uptrend. Traders may view this as a signal to buy or hold.
Bearish Breakout: When the price falls below support, it can signal strong selling interest and the potential for a continued downtrend. Traders might see this as a cue to sell or avoid buying.
MA Ribbon (EMA 20, EMA 50, EMA 100, EMA 200) :
Above EMA: If the stock price is above the EMA, it suggests a potential uptrend or bullish momentum.
Below EMA: If the stock price is below the EMA, it indicates a potential downtrend or bearish momentum.
Trendline: A trendline is a straight line drawn on a chart to represent the general direction of a data point set.
Uptrend Line: Drawn by connecting the lows in an upward trend. Indicates that the price is moving higher over time. Acts as a support level, where prices tend to bounce upward.
Downtrend Line: Drawn by connecting the highs in a downward trend. Indicates that the price is moving lower over time. It acts as a resistance level, where prices tend to drop.
Disclaimer:
I am not a SEBI registered. The information provided here is for learning purposes only and should not be interpreted as financial advice. Consider the broader market context and consult with a qualified financial advisor before making investment decisions.
Reliance looks to be the BEAST amongst BEARS!!Reliance has been on a decline for a while and we have all wondered about when this beast of a bull will come to party!!.....May be the time has come!!
- MACD is positive
- Volume is high and RSI increasing over last few trading sessions
- Taken support 2 or 3 times in the 1205-1210 level
- Breaking out of a Falling Wedge pattern
- Taken support from 68.2 Retracement on Fibonacci and crossed 1260 - indicating an impulse pattern
Next stop 1290-1300 and eventually 1350!!
Fingers crossed
LongThe intrinsic value of Reliance Industries is currently estimated at ₹2,481, while the stock is trading significantly lower at ₹1,250. This presents a compelling opportunity for long-term investors, I am long at ₹1,220.
Given the strong market capitalization of Reliance and its impressive track record of growth and performance over the years, these current levels appear to be an attractive entry point. As the company continues to expand its footprint in sectors like telecommunications, energy, retail, and digital services, the stock is poised for substantial long-term appreciation.
For investors looking to build or add to their positions, the current price levels offer a promising opportunity to accumulate shares at a discount to its intrinsic value, with a potential upside towards ₹2,481 in the medium to long term.
INV H&S IN RELIANCE IN FORMATIONInv H& S expected
Gap Filling till 1275
Todays Closing Imp... idea invalid if closing below 1260 on DCB
Dip Buying till gap filling 1275
RELIANCE KEY LEVELS FOR 21/01/2025**Explanation:**
This trading system helps you avoid blind trades by providing confirmation for better entries and exits.
**Entry/Exit Points:**
- **Entry/Exit Lines:** Use the BLACK line for long trades and the RED line for short trades, based on confirmation from your trading plan.
- **Stop Loss:** For long trades, set the stop loss at the RED line below. For short trades, set it at the BLACK line above.
- **Take Profit:** For long trades, target the next RED line above. For short trades, target the next BLACK line below.
**Timeframe:**
Use a 5 timeframe for trading.
**Risk Disclaimer:**
This setup is for educational purposes. I'm not responsible for your gains or losses. Check the chart for more details.
Reliance Update live Reliance check option chain support 1250-12560 resistance 1320.
i hope reliance down side take 1250 .
Support Levels: The support levels for Reliance are around 1250.
Resistance Levels: The resistance levels are near 1320.
Open Interest: For the Reliance 30 Jan 2025 CE 1250 option, the open interest is 5592500.
only education .
RELIANCE | SHORT | SWINGRIL is struggling to maintain price above the Monthly Pivot and now there is an obvious rejection from the Weekly Pivot too.
A short trade can be initiated up to the Weekly next swing support zone of 1215 price level.
SL will be today's high.
reliance industriesreliance industries making double bottom on trend line can stretch to 1425 levels .
RIL S/R for 6/1/25Support and Resistance Levels:
Support Levels: These are price points (green line/shade) where a downward trend may be halted due to a concentration of buying interest. Imagine them as a safety net where buyers step in, preventing further decline.
Resistance Levels: Conversely, resistance levels (red line/shade) are where upward trends might stall due to increased selling interest. They act like a ceiling where sellers come in to push prices down.
Breakouts:
Bullish Breakout: When the price moves above resistance, it often indicates strong buying interest and the potential for a continued uptrend. Traders may view this as a signal to buy or hold.
Bearish Breakout: When the price falls below support, it can signal strong selling interest and the potential for a continued downtrend. Traders might see this as a cue to sell or avoid buying.
MA Ribbon (EMA 20, EMA 50, EMA 100, EMA 200) :
Above EMA: If the stock price is above the EMA, it suggests a potential uptrend or bullish momentum.
Below EMA: If the stock price is below the EMA, it indicates a potential downtrend or bearish momentum.
Trendline: A trendline is a straight line drawn on a chart to represent the general direction of a data point set.
Uptrend Line: Drawn by connecting the lows in an upward trend. Indicates that the price is moving higher over time. Acts as a support level, where prices tend to bounce upward.
Downtrend Line: Drawn by connecting the highs in a downward trend. Indicates that the price is moving lower over time. It acts as a resistance level, where prices tend to drop.
Disclaimer:
I am not a SEBI registered. The information provided here is for learning purposes only and should not be interpreted as financial advice. Consider the broader market context and consult with a qualified financial advisor before making investment decisions.
RIL S/R for 3/1/25Support and Resistance Levels:
Support Levels: These are price points (green line/shade) where a downward trend may be halted due to a concentration of buying interest. Imagine them as a safety net where buyers step in, preventing further decline.
Resistance Levels: Conversely, resistance levels (red line/shade) are where upward trends might stall due to increased selling interest. They act like a ceiling where sellers come in to push prices down.
Breakouts:
Bullish Breakout: When the price moves above resistance, it often indicates strong buying interest and the potential for a continued uptrend. Traders may view this as a signal to buy or hold.
Bearish Breakout: When the price falls below support, it can signal strong selling interest and the potential for a continued downtrend. Traders might see this as a cue to sell or avoid buying.
MA Ribbon (EMA 20, EMA 50, EMA 100, EMA 200) :
Above EMA: If the stock price is above the EMA, it suggests a potential uptrend or bullish momentum.
Below EMA: If the stock price is below the EMA, it indicates a potential downtrend or bearish momentum.
Trendline: A trendline is a straight line drawn on a chart to represent the general direction of a data point set.
Uptrend Line: Drawn by connecting the lows in an upward trend. Indicates that the price is moving higher over time. Acts as a support level, where prices tend to bounce upward.
Downtrend Line: Drawn by connecting the highs in a downward trend. Indicates that the price is moving lower over time. It acts as a resistance level, where prices tend to drop.
Disclaimer:
I am not a SEBI registered. The information provided here is for learning purposes only and should not be interpreted as financial advice. Consider the broader market context and consult with a qualified financial advisor before making investment decisions.
Correction Wave 5 in Reliance Industries Complete? Now what?Correction phase of Reliance industries has been patience testing for it's investors. As per my personal analysis these are the 3 paths that it can probably take.
Path1) Now it can go either from a to b with stoppages. Closing above 1252 will enable Ril reach from a to d that is 1252 to 1429. If we get a breakout near 1429 upside targets will be 1452, 1479 and 1500 to 1600 range.
Path 2) The path that it can take is a to c to d to e and e to f. Which is from 1251 it can again fall to 1203 from 1203 it can again travel to 1251 from 1251 down to 1110 and from 1110 to 1379 levels.
Path 3) The path that it can also take is a to c to d to g. Which is from 1251 it can again fall down to 1203 from there it can reach 1252 and from there it can jog to 1323 levels.
Reliance is conglomerate of Oil and Gas, Retail, Green Energy, Media and Telecom, Textile etc. businesses. In the short medium or long term it will rise again in all probabilities. An investor can take a decision to hold, compound, average or add Reliance Industries to their portfolio. I have personally added a good chunk of Reliance stocks to my portfolio where it existed already. Right now Reliance is in an patience testing phase of an investor's journey. I believe that rewards will come sooner rather than later. Reliance has been part of my Portfolio since I started my investment journey so there is a chance of bias in my analysis so invest wisely after looking at the chart.
Disclaimer:The above information is provided for educational purpose, analysis and paper trading only. Please don't treat this as a buy or sell recommendation for the stock or index. We do not guarantee any success in highly volatile market or otherwise. Stock market investment is subject to market risks which include global and regional risks. I or my clients might have positions in the stocks that we mention in our posts. We will not be responsible for any Profit or loss that may occur due to any financial decision taken based on any data provided in this message. Do consult your investment advisor before taking any financial decisions. Stop losses should be an important part of any investment in equity.
[Positional] Reliance Buy IdeaWait for the trigger
Note -
One of the best forms of Price Action is to not try to predict at all. Instead of that, ACT on the price. So, this chart tells at "where" to act in "what direction. Unless it triggers, like, let's say the candle doesn't break the level which says "Buy if it breaks", You should not buy at all.
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I use shorthands for my trades.
"Positional" - means You can carry these positions and I do not see sharp volatility ahead. (I tally upcoming events and many small kinds of stuff to my own tiny capacity.)
"Intraday" -means You must close this position at any cost by the end of the day.
"Theta" , "Bounce" , "3BB" or "Entropy" - My own systems.
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I won't personally follow any rules. If I "think" (It is never gut feel. It is always some reason.) the trade is wrong, I may take reverse trade. I may carry forward an intraday position. What is meant here - You shouldn't follow me because I may miss updating. You should follow the system I share.
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Like -
Always follow a stop loss.
In the case of Intraday trades, it is mostly the "Day's High".
In the case of Positional trades, it is mostly the previous swings.
I do not use Stop Loss most of the time. But I manage my risk with options as I do most of the trades using derivatives
RELIANCE- DEMAND/SUPPORT ZONERIL- Broken down below crucial price zone, testing the 200 W MA, break below that will target prices mentioned. If we do see Index break and RIL 1000-1050, IDEAL entry point, can get 20-25% most likely.
