Reliance investment levelReliance is at good investment level for long term buyers
we can add few quantity at 2400
if it falls further then add more at 2250
RLI trade ideas
Reliance BuyBuy Reliance @2420 with a Stoploss below 2360 for a target of 2600, 2700 & 2800.
Testing Sep-2020 high. Made an Exhaustion move.
Downside to the strategy: Price below 200 DMA
Reliance short term long tradeBullish if crosses 2450, Target price of 2580. Go short if reliance breaks 2370
DETAIL VIEW ON KING RELIANCE yesterday made low 2365 still we can say 25/30 points downside may possible
upside till 2825 and 2900/3000 step step buy step
previous week high 2565 is crucial resistance if break with volume surely we can say
52 week high gate will open for reliance
reliance analysisok so as we see on daily tf that we are at strong low that low break the previous high and there is also poi level that have to get respected after taking all liquidity we can easily open buying posiition and for intraday we will find short positions only
lets see hope for best .
RELIANCE - Bullish trendRELIANCE - Bullish trend
1. have good support at 2540
2. Now in a small downtrend, Looks like it will move upwards If the market trend reverses before it crosses 2540.
3. If the downtrend continues another support at 2420.
4. First target will be 2800 if the market reverse.
Note:
1. I’m not a SEBI Registered advisor, my views are personal and for educational purposes only.
2. Always check with your financial advisor and take the trade as per your risk/reward ratio.
3. Follow me for more patterns and like, and share so that we feel it is helpful to many and share more patterns...
Reliance Long Opportunity If Breakout with proper as per rules, then go for buy.
Trade at your own risk.
RelianceAfter breakout the resistance and support in 15min time frame perfect Intraday stock for day trade. After break his support its almost 1.75% in just a couple of min. 1% is enough for an Intraday trade.
RELIANCE (SELL)After many bounces and a big depression on the trendline in 3 years, a slowing RSI could cause us to break this trendline and bring us into a bear market for several weeks.
RELIANCE weekly analysis-Taken Support from MA @2545NSE:RELIANCE Reliance is showing good strength on charts and it has taken good support at 2545 levels.
If this level is not broken on next week, we can see higher highs in Reliance, which would stay UP until Crude Oil prices continue to stay high @120$ per barrel.
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!
Reliance - Details Read Reliance Watch with Close Eye Bulls Eye On 2609-2611 Hold above Then Todays Low 2556 & 2540 is Key Sup For Uptrend 2635 To 2679+ & Above 2680 Hold Then another Rally
Educational Purposes Only
Reliance ShortClear Inverted Head and Shoulder formation
Once break my level it fall drastically
Intraday levels marked for education purpose
Going Short On RELIANCEAccording to me if Reliance breaks 2630 zone , We can see fall upto 2510 zone and that could be real quick . So one cam mark the 2630 zone for initiating trade. Once It Breaks one can buy 2640 pe or cal sell 2650 ce .
RELIANCE as discussed on Big move to Lifetime HighsNSE:RELIANCE is going Up as discussed, today's move brings it very close to lifetime highs.
RELIANCE manages to move NIFTY up quite a bit today. If RELIANCE could give a fresh breakout anytime this week or next, its time to initiate fresh longs on this counter for MEDIUM to LONG TERM.
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
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.
June bucket update: RELIANCEWave b has formed itself into a ZIGZAG correction. We will have wave C now. Stock can be shorted NOW. All the best.
Reliance possible retracement upto 2670-2650 levelsPossible retracement upto 2670-2650 levels before it go for next target of 3000 in 1-2 months
