Reliance - 1HHeading to 2425-2445 supply zone. Watch out for reversal in this area, once reversed most likely price will come back below 2300.
RELIANCEPP trade ideas
Reliance on watch#Reliance
14-Feb-2022
Looks to form C&H pattern. Open above 2338 can go long for 2460. Below 2300 can hit 2200 levels!
RELIANCE LONGReliance will try for the third time to break the above trendline.
Good R:R from this point but a little bit risky as well.
Trade safe. Manage risk. Be profitable.
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Disclaimer :- This is just my view. Please analyze charts yourself and then decide to take any trades.
RELIANCE INDUSTRIES Bullish Or bearish ??1. RIL is forming a Bullish triagular pattern and will breakup .
2. Lower level is 2361 and higher is as indicated and may baounce back to base before moving up
3. by apruil may breakout from the pattern till than keep accumulating at lower levels as SIP
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LIKE IF You AGREE
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RELIANCE-BUYThe stock looks good for long.
Buy Buy.
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 - TOMORROW IS BREAK OUT DAY ?....Looks like tomorrow is a break out day for Reliance. I am on the upper side. What side are you ?
Relience taking SupportRelience taking Support at major SR level.
Made bullish candlestick in daily TF with good volume (higher than previous days).
Also taking Support at trend line.
Also @200 MA in daily TF.
Made base in smaller tf with Cup and handle pattern.
Also broke resistance trend line while closing session with high volume.
Market sentiments are bearish but expecting reversal in coming days.
A good swing trade can be taken after previous days high in broke with good volume.
Will wait for retest if open gap up.
RELIANCE - ReversalRELIANCE - Strong bullish piercing pattern at 200 ema.
Should begin it's upward journey now.
Reliance chartDaily chart on bottom support
W
Pattern and buying volume,
above 2350 buying side
and stop loss previous candle low 2300
Those analysis are education purpose
if you take trade is your own risk.
learn and earn,....
Reliance triangle breakout reliance was getting support at same level since last week and broke out of the triangle pattern today , interestingly RSI also crossed the trend line expecting an upmove after a consolidation/ retest of the trend line( if overall market is bearish) . seems an opportunity to enter for short term ..
reliance bearish wolfe wave activereliance making head and shoulder pattern , and at the same time bearish ww active .
RELIANCE AnalysisTriple-Top Pattern
CMP: 2331.30 (200EMA:2316)
Resistance Zone: 2335-2340
Upside Targets: 2359-2362, 2380-2384, 2413-2417, 2499-2504
Support Zone: 2309-2320
Below this zone, Reliance is weak
Reliance industriesReliance industries
This chart is meant for learning purpose only .. Invest Your capital at your own risk
#Reliance #PriceactionReliance Daily: It is making inverted C&H. Break below 2250 for Price Target 2050-2000... Keep eyes.
Head and Shoulder in Reliance IndustriesNSE:RELIANCE has formed a slanting H&S and the price is hovering at right shoulder breakdown levels. It's too early to say it'll materialise. And if it materialises then what does that mean for NSE:NIFTY ? Keep an eye!
Bullish on RelianceReliance is forming a good symmetrical triangle on a daily chart.
If the High to low trendline is broken, then we can see a good rally in Reliance and we can go long at that time.
Important Support Levels : 2369, 2455
Important Resistance Levels : 2499, 2564
RIL 1H- Supply zone aboveRIL is going to test supply zone , watch out for reversal around 2405-2415 levels.
On reversal, most like going to fill the gap below.
Reliance Seem BullishOne can buy Reliance for the target of 2460.
Option chain looks good for Reliance, as it is trading above its resistance and ADX is in a positive note.
Option Trade Can be Taken as:
Reliance 2440 CE option
Target is 68 and SL 40. :) Have a nice budget Session.
Reliance successful tradeGot perfect breakout after my recent post🙏
Given a good momentum according to my analysis
I hope you got benifit🙏
Camarilla Pivot IntradayHello Friends,
Camarilla Pivot Points setup along with CPR used for intraday traders.Pivot calculations are based on Secret of Pivot Boss book by Frank Ochoa
Reliance important movementReliance making a beautiful symmetrical triangle pattern
If it breakout in downward direction we can see a good fall and short it
If it breakout in upward then we can see a great movement towards upside
Also it can effect nifty movement too🥳✅
