reliance wave analysis updateupdating the video of reliance I hope the trading community at large will appreciate it. trading in securities is subject to ones own risk.
RLI trade ideas
RIL looks like a good buy at current levelsPost decent Q1 results also with increase in sales makes Reliance bullish on the fundamental side.
Let's talk about the technicals now. The stock has been stuck in a zone for quite sometime now and looks good to take support of the 2100 levels to move upwards of 2200+.
This is just an avergae trader sharing one of his analysis. Please take risk as per your apetite. Not NSE certified, yet. ;-)
Cheers and happy trading.
Reliance Currently bearish - Watch for key levelsTraditionally it breaches VWAP and consolidate at EMA 180-200,
Reversal potential at strong break 2400 and confirmation on 2452.
RELIANCE - Re-Test Structure - Swing Trade The analysis is done on Daily TF hence price may take few days to few weeks in order to reach the targets.
Trade setup is explained in image itself.
The above analysis is purely for educational purpose. Traders must do their own study & follow risk management before entering into any trade
Checkout my other ideas to understand how one can earn from stock markets with simple trade setups. Feel Free to comment below this or connect with me various platforms for any query or suggestion regarding this stock or Price Action Analysis.
RELIANCE - Bearish?For learning purpose only.
RELIANCE Analysis indicate bearish mood!
After ARAMACO Deal re-evaluation, 18B deal is in trouble. So, reliance may be in bearish territory for sometime!
Till the range indicated in the chart breaks, Reliance can be in bearish mode!
Reliance Weekly Entry & Targets Based on our indicatorReliance Weekly Entry & Targets Based on our indicator
BD level means BreakDown Level. T1 means Target 1
(This is For Education Purpose only, Don not take trades based on our views. If you take trades based on our views you are responsible for your profit and loss.)
reliance wave analysisupdating the reliance wave theory analysis. hoping that the reliance stock will bounce back, investors hold on. this analysis is for educational purposes only. enjoy.
Reliance Long opportunityReliance moving toward PRZ1=2370
PRZ2=2275. Reversal can be expected from any PRZ and demand zone.
CMP=2373
RELIANCENSE:RELIANCE
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NSE RELIANCE / RELIANCE INDS Short term Support - ResistancePrice is moving in parallel channel.
Breaking above blue line will indicate fresh bullishness.
Investors should buy near Support.
Take Confirmation from RSI and Volume.
Moving average is taken on daily basis.
Reliance INDIt is coming near its support line which was resistance for a very long time. Near this support price Point, can be bought
Reliance Positional ViewInverted Cup and Handle made on Daily TF.
Monthly Fibo level market..
Support can be from the channel or from the inverted C&H level mentioned.
relianceDue to the presence of leading diagonals, there was a retracement of about 78%. Now is the time to buy the stock as the"UP" trend is going to start.
reliance wave idea updatethis is an update of the earlier idea which I had posted. EARLIER I WAS OF THE VIEW that 5th of the 5th wave had started however it formed a triangle which is generally present on the 4th wave it also confirmed that we are in the 4th intermediate wave of the primary wave 5. so there is no need to panic as the last wave is left before MAJOR CORRECTIONS START.
reliance wave analysis updateI have updated the video, let us see what happens tomorrow. please do comment and share your views
reliance wave analysisplease comment on the wave analysis. I have taken the whole chart and applied wave theory to it.
Reliance IndiaSun Storm Investment Trading Desk & NexGen Wealth Management Service Present's: SSITD & NexGen Portfolio of the Week Series
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Reliance (Long)reliance is a buy till it breaks the trendline.
sp, tgts and other levels as given on the chart.
till now reliance is following as shown on charts.
Must Correlate yourself also on charts before taking an entry. This is for Educational purposes only. Please consult your Financial advisor before investing.
