RLI trade ideas
Reliance IndustriesReliance is looking good opportunity for a short term swing. Broke the previous resistance and sustained above it. Might get a pull back 2600-2650. Fresh long could be build for the month of July.
Reliance resistance and suppot reliance level for May 31 to 9 June 2022, reliance is level 2670 t0 2688
Reliance industrieswait for support.
you may take one dip on both horizontal and trend line support.
RELIANCE INDUSTRIESNON-LOG CHART: Weekly TF
Perfect 3 drive pattern with a inner TL break, signifying volatility, however target is downside towards 2250 to 2270
reliance brearishreliance just break the structure in daily tf
thereafter yesterday test the supply zone and reject with volumes
which confirm the trend
therefore the ultimate target is the next zemand zone which is lower than its fair value
and june is the last month of first quarter
which also affected by the earning forcast
RelianceReliance, Trend line and Symmetrical triangle formed. when its break go to that Buy or sell.
RelianceReliance
Weekly timeframe
Currently in a uptrend
Current Price - 2587
Green line in the below is the support Level - 2562.55
Green line above is the Resistance - 2613.93
Targets
If the resistance level is broken we can see target of 2803
If Support level is broken we can see target of 2316
Happy Trading
Reliance IndsThe market made stong break out and already make a pull back so i expect a sell in average term
RIL at make breakbig range 2200-2400 if holds current week lows then possible to retest 2510-2540
choppy range , investors can accumulate on dips .. difficult time for traders
RelianceHello and welcome to this analysis on RELIANCE INDUSTRIES
On April 29, 2022 it completed the formation of a Bearish Harmonic Alt Shark Pattern indicating a reversal in the daily time frame.
Currently it has completed 50% of that retracement and formed a Bullish Harmonic Alt Shark in the Hourly time frame suggesting a probable bounce from here.
A pullback of this Bullish Harmonic Pattern could probably take it to 2600-2650. Pattern will remain valid till price is above 2435.
Harmonic Patterns are based on Patterns which come inline with specific ratios for reversal trade set ups.
Buy relianceBullish shark harmonics pattern has formed in reliance. It can retrace to 0.38%-0.50% of point CD.
Reliance industries support and resistance Stock already on support with weak trend .
It also breakdown trend line.
Next support 2458.
view on Reliance Industries LimitedDISCLAIMER: There is no guarantee of profits or no exceptions from losses.
The technical analysis provided on the chart is solely the personal views of my research.
You are advised to rely on your own judgments while investing/Trading decisions.
Past performance is not an indicator of future returns. Investment is subject to market risks.
Seek help of your financial advisors before investing/trading.
RIL Tg1 done RIL th 1 of 2650-40 done , next potential tg can be 2515-2500?? are we going to touch these levels in coming days?
RELINACE INDS LONG RELINCE
SUPPLY AND DEMAND
PRICE ACTION
BOS
LIQUIDITY
TREND
BREAK TOP
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#Reliance looks ready for new ATH#Reliance has consolidated a lot and is staying above Bollinger band on monthly candle. Possible target looks to be above 3100.
RIL are we going to test 2515-25RIL if we see carefully on daily and weekly , we see a similar pattern , and if this pattern if actually plays out in real then RIl can test 2515-2525 levels in coming days before starting a fresh upmove ..
retest if 2500 zones is very much possible..
lets see how things unfold in coming days..
RELIANCE is the KING of stocksWHATEVER may be your investments, making one investment in any environment which can be trusted for years is RELIANCE INDUSTRIES.
With in 30 trading sessions this stock appreciated 25% and still more fuel is left.
Certainly RELIANCE is the king of INDIAN STOCKS
