Can we see the Lindsay 3PDH Model in RelianceReliance weekly chart is showing 3PDH
3 Peaks
First Floor
and Roof,
The 3PDH model
Can we see a plunge in RIL in range of (1100 -1600)
Time will say how the model worked
Regards,
TTT
RELIANCEPP trade ideas
RELIANCE might open positive in morningReliance might open positive in tomorrow morning as per chart pattern, and rsi is in uptrend in 30 mnt 1hr timeframe....... and a long timeframe trendline is a strong support of it(weekly and daily time frame trendline)....
Would you be okay?Reliance clearly not able to sustain above the highs, and has been consolidating inside the Q2 range till now.
This indicates weakness, and hence expecting it to give a follow through to the downside.
Reliance at critical supportReliance which amounts to 10.1% weightage in the nifty 50 index is at its critical support!
The stock is going through a long distribution phase and has touched its support multiple times to weaken it.
Any movement below this would mean a significant downfall in the stock price.
Stay alert!
Lets study RIL RIL is forming a descending triangle pattern
the price levels are currently at base level
If close above 2405, which is a volume profile level, then we can see one move towards 2550
Any close below 2380 on daily basis, can lead towards 2096/1860 levels
RelianceReliance CMP 2396
Looking at the structure...
I feel that RIL has completed its ABCDE which can make it as Wave A...
and if we hold blue line...
Red lines would be Wave B tgt....
and from there RIL is ready for Wave C ...
and expecting it to fall nicely!!
Just a View!!
Vedang :)
Chart is for study purpose only!!!
RELIANCE SHORTReliance has formed the Head & Shoulders pattern and is ready to further go downside.
It is better to wait for a re-test of the breakdown line (2530 levels).
Target :- 2400 levels
SL :- 2600
Trade safe. Manage risk. Be profitable.
Please follow us for more simple trading analysis and setups. Also let me know in the comment in case you have any queries.
Disclaimer :- This is just my view. Please analyze charts yourself and then decide to take any trades.
Short Reliance to get Short-term target 2250-2270According to the chart it can drop to 2250, it is seems to bearish so can invest in lower price for long term
RELINCE EITHER PROBABLITY The stock is trading at major support, as you can see the market is falling if our market takes support then it may take support from there.
reliance Resistance and supportRealiance Ressistence @ 2671
Support @ 2370. it will take supoort need to enter here.
There is something about "RED Candles"Something I observed with RED candles, breaking of their highs.. etc..
RELIANCE IS GOING FOR SHORT TERM NEGATIVE TRENDIf this stock breaks the levels enter 30% capital, and enter rest on retest i guess it will take 2 or 3 months to take the profit . Even global markets trend is negative for short term so i am sure this trade will make you good money .
PURE PRICE ACTION SERIES
SHORTED RELIANCE ON INTRA DAY BASIS MADE A PROFIT OF RS 5000/- BY SELLING FUTURES.
also trading in market is risky and even risky when you trade in derivatives like futures and options always follow a strict stop loss in trading.
reliance viewreliance indudtries today may gap up because we are at support buy after resistance is broken and global markets are positive
Conditional View on #RELIANCE My conditional view on NSE:RELIANCE
Entry level 2594
Stop loss : 2581
Target would be : 2644
Note: This is my personal view, only for learners.
Reliance Industries 15 Min chart Demand and Supply Levels.Reliance Industries 15 Min chart Demand and Supply Levels.
Bullish Supply Range ( Go Long) - INR 1,801/- to INR 1,840/-
(Blue Circle in Image)
Bearish Supply Range ( Go Short) -INR 1,880/- to INR 1,876/-
(Red Circle in Image)
#RelianceIndustries #Reliance #India #StockMarket
Suggested Move - Short atINR 1,880/- to INR 1,876/-
(Red Circle in Image)
#RelianceIndustries #Reliance #India #StockMarket
Short relianceShort reliance for the target 2450.we can see these target within 8 to 10 days.keep stop loss at 2600
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!
Reliance Industries (RIL) levels & 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.
RIL is trading near major support level. RIL is the biggest heavy weight stock in Nifty. Today Nifty closed in negative -216 points.
Today, RIL alone contributed 50 plus points (nearly 1/4 of the total fall in Nifty).
Is it going to reverse from here ? or
Will RIL continue to slide ? 1. After increase in Windfall Tax 2. Weakness in Crude Oil Prices
Please review & share your comments. as well.
Have a very happy, healthy & profitable day ahead!
Reliance reached near the resistanceFrom the past few attempts we could not see reliance breaking this resistance zone of 2660. Now again it has come to the zone this could lead the downside movement of price , opportunity to short
