RELIANCE VIEW Reliance corrected nearly 9% from recent high 29th July, but CRUDE OIL MAKE A BULLISH MOMENTUM NEARLY 16% indicate the weakness in the stock
RIGD trade ideas
RIL S/R for 4/9/23Support and Resistance Levels:
Based on the price action, you have to identify two significant levels: the red line acting as resistance and the green line acting as support. Additionally, there have marked red and green shades to represent resistance and support zones, respectively.
Support: The green line and green shade represent support levels. These levels are where the price tends to find buying interest, preventing it from falling further. Traders can consider these levels as potential buying opportunities.
Resistance: The red line and red shade represent resistance levels. These levels are where the price tends to encounter selling pressure, preventing it from rising further. Traders can consider these levels as potential selling opportunities.
Breakouts: If the price breaks above the resistance zone (red shade) convincingly, it may indicate a bullish breakout, and the price could move higher to the next resistance level. On the other hand, if the price breaks below the support zone (green shade) convincingly, it may indicate a bearish breakout, and the price could move lower to the next support level.
Keltner Channel:
The Keltner Channel is a technical indicator that uses an exponential moving average (EMA) to create an upper and lower channel around the price action. Traders can use this channel to identify potential long and short positions.
Long Position: If the price is above the upper line of the Keltner Channel, it may indicate a potential long opportunity, as it suggests the price is trading above the average range and might continue in an upward trend.
Short Position: If the price is below the lower line of the Keltner Channel, it may indicate a potential short opportunity, as it suggests the price is trading below the average range and might continue in a downward trend.
is RELIANCE up trend is back? WAIT!!!!Market sentiment is very positive for Reliance after sell off for a week. RSI levels are in sold zone. Is reliance stock is getting ready for the pump? May be~~ but wait and understand the chart with the possibilities.
Next resistance level is 2450-2460 . this zone is also around EMA 10. so we may see a retracement at this zone. and if it happens than we have to be very careful at the retest of 2400 zone. if buyers are not strong, we may breakout towards downside. as per the volume, 2350-2360 will be the next support.
Please keep in mind that Reliance fundamentals are strong. New services launched by the company in last AGM can play major role in the market in upcoming months.
Always use the stop-loss and target. Safe trading.
RIL Support & Resistance levels 1/9/23Support and Resistance Levels:
Based on the price action, you have to identify two significant levels: the red line acting as resistance and the green line acting as support. Additionally, there have marked red and green shades to represent resistance and support zones, respectively.
Support: The green line and green shade represent support levels. These levels are where the price tends to find buying interest, preventing it from falling further. Traders can consider these levels as potential buying opportunities.
Resistance: The red line and red shade represent resistance levels. These levels are where the price tends to encounter selling pressure, preventing it from rising further. Traders can consider these levels as potential selling opportunities.
Breakouts: If the price breaks above the resistance zone (red shade) convincingly, it may indicate a bullish breakout, and the price could move higher to the next resistance level. On the other hand, if the price breaks below the support zone (green shade) convincingly, it may indicate a bearish breakout, and the price could move lower to the next support level.
Keltner Channel:
The Keltner Channel is a technical indicator that uses an exponential moving average (EMA) to create an upper and lower channel around the price action. Traders can use this channel to identify potential long and short positions.
Long Position: If the price is above the upper line of the Keltner Channel, it may indicate a potential long opportunity, as it suggests the price is trading above the average range and might continue in an upward trend.
Short Position: If the price is below the lower line of the Keltner Channel, it may indicate a potential short opportunity, as it suggests the price is trading below the average range and might continue in a downward trend.
RIL Support & Resistance for 31/8/23Support and Resistance Levels:
Based on the price action, you have to identify two significant levels: the red line acting as resistance and the green line acting as support. Additionally, there have marked red and green shades to represent resistance and support zones, respectively.
Support: The green line and green shade represent support levels. These levels are where the price tends to find buying interest, preventing it from falling further. Traders can consider these levels as potential buying opportunities.
Resistance: The red line and red shade represent resistance levels. These levels are where the price tends to encounter selling pressure, preventing it from rising further. Traders can consider these levels as potential selling opportunities.
Breakouts: If the price breaks above the resistance zone (red shade) convincingly, it may indicate a bullish breakout, and the price could move higher to the next resistance level. On the other hand, if the price breaks below the support zone (green shade) convincingly, it may indicate a bearish breakout, and the price could move lower to the next support level.
Keltner Channel:
The Keltner Channel is a technical indicator that uses an exponential moving average (EMA) to create an upper and lower channel around the price action. Traders can use this channel to identify potential long and short positions.
Long Position: If the price is above the upper line of the Keltner Channel, it may indicate a potential long opportunity, as it suggests the price is trading above the average range and might continue in an upward trend.
Short Position: If the price is below the lower line of the Keltner Channel, it may indicate a potential short opportunity, as it suggests the price is trading below the average range and might continue in a downward trend.
Reliance is BearishReliance is trading below the support zone
and has broken a parallel channel,
expecting further down move this expiry and this will drag nifty as well down.
look or OHLC on reliance as well this Thursday.
Strong Support at 2340
RIL Support & Resistance levels 30/8/23Support and Resistance Levels:
Based on the price action, you have to identify two significant levels: the red line acting as resistance and the green line acting as support. Additionally, there have marked red and green shades to represent resistance and support zones, respectively.
Support: The green line and green shade represent support levels. These levels are where the price tends to find buying interest, preventing it from falling further. Traders can consider these levels as potential buying opportunities.
Resistance: The red line and red shade represent resistance levels. These levels are where the price tends to encounter selling pressure, preventing it from rising further. Traders can consider these levels as potential selling opportunities.
Breakouts: If the price breaks above the resistance zone (red shade) convincingly, it may indicate a bullish breakout, and the price could move higher to the next resistance level. On the other hand, if the price breaks below the support zone (green shade) convincingly, it may indicate a bearish breakout, and the price could move lower to the next support level.
Keltner Channel:
The Keltner Channel is a technical indicator that uses an exponential moving average (EMA) to create an upper and lower channel around the price action. Traders can use this channel to identify potential long and short positions.
Long Position: If the price is above the upper line of the Keltner Channel, it may indicate a potential long opportunity, as it suggests the price is trading above the average range and might continue in an upward trend.
Short Position: If the price is below the lower line of the Keltner Channel, it may indicate a potential short opportunity, as it suggests the price is trading below the average range and might continue in a downward trend.
RELIANCE Buy Entry @ 2391
Target @ 2805
Stop Loss @ 2300
Risk Reward 1:5
Note: Please leave comments for any query.
Disclaimer: This is my trading experience, it is not an invite or recommendation to trade.
Best of luck..
Shakthi
RIl Support & Resistance for 29/8/23Support and Resistance Levels:
Based on the price action, you have to identify two significant levels: the red line acting as resistance and the green line acting as support. Additionally, there have marked red and green shades to represent resistance and support zones, respectively.
Support: The green line and green shade represent support levels. These levels are where the price tends to find buying interest, preventing it from falling further. Traders can consider these levels as potential buying opportunities.
Resistance: The red line and red shade represent resistance levels. These levels are where the price tends to encounter selling pressure, preventing it from rising further. Traders can consider these levels as potential selling opportunities.
Breakouts: If the price breaks above the resistance zone (red shade) convincingly, it may indicate a bullish breakout, and the price could move higher to the next resistance level. On the other hand, if the price breaks below the support zone (green shade) convincingly, it may indicate a bearish breakout, and the price could move lower to the next support level.
Keltner Channel:
The Keltner Channel is a technical indicator that uses an exponential moving average (EMA) to create an upper and lower channel around the price action. Traders can use this channel to identify potential long and short positions.
Long Position: If the price is above the upper line of the Keltner Channel, it may indicate a potential long opportunity, as it suggests the price is trading above the average range and might continue in an upward trend.
Short Position: If the price is below the lower line of the Keltner Channel, it may indicate a potential short opportunity, as it suggests the price is trading below the average range and might continue in a downward trend.
Reliance--Demand @2360 ??The stock is trending downwards....
we have a strong demand zone at 2360 level...
when price comes here...look for buy...
we have a continuation bullish gap also be in the middle...take a look at this level as well..
both together may acts as support....
Reliance 50 EMA broke dawnside.lets
See how is going.
These are swing idea's which you can add your watchlist and analysis for yourself.
Keep on radar.
Potential dawnside stock!
This content for only education purpose!
I am not SEBI Register
IMPORTANT INTRADAY LEVELS FOR THE WEEK NSE:RELIANCE
DISCLAIMER: Do not consider this analysis as an Investment or Financial advise.This analysis is made for educational purpose.
I have marked all the important levels for this week, all the bearish moves might be expected in the red highlighted area and all the bullish moves is expected in the green highlighted area.
If anyone need live link of the levels then do let me know in the comments.
This is the final week of this month Expect Volatility in the extreme lower as well as on the extreme upper levels.
If it wants to continue bullish movements in the larger timeframe we will be see some active buying's near the lower levels as it will attracts them to buy on the lower price.
if Initial buying from lower levels catches momentum then expect that further buying / upmove will be slow a littel deeper pullback.
But the most important thing is that it is just a calculated probability and at any point of time I can be proved wrong because market is and always will be uncertain, So Always trade with proper stoploss and try to club it with you existing trading experience/ Strategy so as to gain maximum benefit out of it.
Hope you all will find these levels useful
Do give this idea a boost if you like the analysis and don't forget to Subscribe.
RIL Support & Resistance levels on 28/8/23Support and Resistance Levels:
Based on the price action, you have to identify two significant levels: the red line acting as resistance and the green line acting as support. Additionally, there have marked red and green shades to represent resistance and support zones, respectively.
Support: The green line and green shade represent support levels. These levels are where the price tends to find buying interest, preventing it from falling further. Traders can consider these levels as potential buying opportunities.
Resistance: The red line and red shade represent resistance levels. These levels are where the price tends to encounter selling pressure, preventing it from rising further. Traders can consider these levels as potential selling opportunities.
Breakouts: If the price breaks above the resistance zone (red shade) convincingly, it may indicate a bullish breakout, and the price could move higher to the next resistance level. On the other hand, if the price breaks below the support zone (green shade) convincingly, it may indicate a bearish breakout, and the price could move lower to the next support level.
Keltner Channel:
The Keltner Channel is a technical indicator that uses an exponential moving average (EMA) to create an upper and lower channel around the price action. Traders can use this channel to identify potential long and short positions.
Long Position: If the price is above the upper line of the Keltner Channel, it may indicate a potential long opportunity, as it suggests the price is trading above the average range and might continue in an upward trend.
Short Position: If the price is below the lower line of the Keltner Channel, it may indicate a potential short opportunity, as it suggests the price is trading below the average range and might continue in a downward trend.
IMPORTANT INTRADAY LEVELS FOR THIS WEEKNSE:RELIANCE
DISCLAIMER: Do not consider this analysis as an Investment or Financial advise.This analysis is made for educational purpose.
I have marked all the important levels for this week, all the bearish moves might be expected in the red highlighted area and all the bullish moves is expected in the green highlighted area.
If we see price in the bullish area in the start of the week then higher targets can be achieved.
In case of any doubts with regards to levels then tell me in comments.
Reliance (On Key Support Area)Monthly analysis suggest, price can drop till 2390. Lower time frame confirms the trend shift in downward direction. The price can retest till 2530 till its O.B (which is aligning with trendline as well) before going further down.
RELIANCE If you see the chart clearly show it's a sideways trend.
Today on chart 📈 create a big bearish marubozu candle with good volume.
Price near to support if it's break the neckline a sharf fall coming.
Price break 20Dema.
Short reliance with today high S.L.
Macd give signal bearish.
Disclaimer:- this is my personal view for education purpose only.
No Buy sell recommendations give by me.
IMPORTANT INTRADAY LEVES FOR THE WEEKNSE:RELIANCE
DISCLAIMER:Disclaimer:All the mentioned view and analysis is NOT an Investment or any kind for financial advice. These levels are just for educational purpose.
I have tried in this analysis to cover important level and pattern for both Bullish and bearish movement.
For Reliance to continue bullish move it need to break successfully the Ascending triangle pattern, highlighted in green colour.
If it finds weakness and bears wants to take control then they need to breakdown their triangle highlighted in red colour.
I take due care while sharing my Idea and try to give my best, but still all this analysis is based on a calculated Probability and there will always be chance that can prove me wrong. So keep your risk minimum, a wise trader always use stoploss and wait patiently for its desired entry.
I will keep this IDEA updated and i find some important level i will share in the MINDS section so do subscribe for getting the update as soon as possible during the day.
Bulls in Charge Reliance still looking bullish on charts maybe give a good returns in short to mid term period can surely look to buy for targets of 2700-2800 Targets
RELIANCE RELIANCE - The stock has started an impulse downside. As long as price is below 2583, the bearish count would remain intact and a strong fall could be seen next in the wave 3.
This idea is based on the Elliott Wave Theory. Manage any Investment/Trade with caution and risk management.
RELIANCE IMPORTANT INTRADAY LEVELS FOR THE MONTH OF AUGUSTNSE:RELIANCE NSE:NIFTY MAJOR STOCK
DISCLAIMER: Do not consider this analysis as an Investment or Financial advise.This analysis is made for educational purpose.
Reliance is bullish in the higher timeframe like Weekly / Monthly but still we have seen some profit booking in the past sessions due to which we have seen some bearish movements in the smaller timeframe.
So keeping that in mind, I have marked all the probable bullish levels as well as bearish levels so that we have an edge over both sides.
Although it seems difficult for Reliance to make any major moves this month and we might see travelling it in a range.
But if during the month we see Reliance travelling above 2nd long target or the 2nd short target then volatile moves might be seen.
Since Reliance is a favourite stock of Trader as well as heavy stock of Nifty 50 , I have taken due care to mark these levels.
But do remember all these marking are based on probable calculations and at any point of time can be proven wrong.
A wise Trader always take risks with stoploss and Book profit at / near the Profit booking area.
I will keep updating this idea throughout the month, or i will drop some important levels in the MINDS section, so do subscribe to get yourself notified about the important updates as soon as possible.
RELIANCE: Can get you GREAT RETURNS!RELIANCE INDUSTRIES is the King of the Indian Stock Market and everyone knows about what role Reliance plays in India.
RELIANCE Stock has been in a consolidation since more than 2 years and is now trying to Breakout.
Let us first know about its Basic Fundamentals.
Profits are rising every year which is the most important point.
Balance Sheet is growing year on year.
Reserves are more than Borrowings.
FIIs & DIIs have increased stakes in June Quarter.
Fundamental Score is 7/9
Why Fundamentals?
It is always safe to trade in Fundamentally good stock.
Now Next, Let us look on the Nifty Chart:
Nifty has corrected for 4% from high and meanwhile Reliance was consolidating at the top, preparing for a Breakout. Nifty's fall did not affect Reliance, and Reliance was quiet for some days. But now Nifty has tested its support and we can see a positive hammer candle at the support. This can be a positive news for some days as Nifty can retrace upside.
Now, Reliance is part of NIFTY ENERGY Sector and weighs 57% in NIFTY ENERGY.
Let us see NIFTY ENERGY SECTOR Chart:
NIFTY ENERGY Sector chart has given a Flag and Pole Breakout in Weekly Timeframe which shows that Energy Sector can be bullish for few months. It has taken support of 0.382 level of Fibonacci, which is a great support.
As we can see, Nifty and Nifty Energy Sector can be bullish for few weeks here on, we can find the stock that is also bullish and is a candidate of Breakout.
And so we find RELIANCE.
Overall Reliance was consolidating from long, and now is trying to give breakout. It has made a good Box Breakout type of pattern and making a simple price action near the breakout level, which means it is gaining some energy to blast off.
In past few weeks, Nifty corrected about 4%, but reliance did not show any weakness, which is another reason to select Reliance.
Some weeks ago, it gave a breakdown of the trendline but it was a fake move and now reliance has moved up, taking the StopLosses of all those who made a short position on the basis of trendline Breakdown.
Track Reliance in near term, as after breakout we can see a good upside possible.
Our First Target will be 2900!
Keep Reliance in your Watchlist!
RELIANCENSE:RELIANCE
One Can Enter Now !
Or Wait for Retest of the Trendline (BO) !
Or wait For better R:R ratio !
Note :
1.One Can Go long with a Strict SL below the Trendline or Swing Low.
2. R:R ratio should be 1 :2 minimum
3. Plan as per your RISK appetite and Money Management.
Disclaimer : You are responsible for your Profits and loss, Shared for Educational purpose
RELIANCE IS LOOKING FOR BULLISH MOVEReliance is hitting resistance(2544-2551) for the fourth time making it weak.
i'm expecting the resistance to be broken for a bullish trade.
Target zone is 2624-2631.
