Get started
RELIANCE INDUSTRIES LTDRELIANCE INDUSTRIES LTDRELIANCE INDUSTRIES LTD

RELIANCE INDUSTRIES LTD

No trades
See on Supercharts
Overview Financials News
Ideas
Discussions Technicals Seasonals Bonds

RELIANCEPP trade ideas

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!
NSE:RELIANCE
by Sarcastic_Sharma
Relaince for swing tradingReliance Industries reached near its 52 weeks’ high today, forming a bullish engulfing candle, This Stock can be used for swing trading in coming days. Tomorrow if it crosses today’s high and able to sustain (hourly candle) or forms a positive price action (minimum 15-minute time frame), a bullish trade can be initiated. In that case buy price will be above 2800, and stop loss will be at 2755. It should face resistance at 2868 level which will be the first target, followed by 2996 and 3113. Only a study, not any advice of trading #Relaince
NSE:RELIANCELong
by rahulbora11
2
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.
NSE:RELIANCELong
by simplyansh