RELIANCE INDReliance ind get rejected from the trendline resistance and huge fall not bullish until it close above 2450
RIGD trade ideas
Reliance journey to all time high?Bulls will profit if the trend line breaks, so depend on it. Watch for a crucial breakout to place a long swing trade.
Entry into Green energy-
Another round of capex may get restarted as the company enters into the green energy business. While the return on new investments will take time to come, in the medium term it may help the company improve its ESG score, which matters a lot to global fund houses hence to overall valuations. The recent acquisition in the clean energy space indicates that the company may be more aggressive than the street expected.
The company's annual revenue growth of 47.94% outperformed its 3-year CAGR of 7.29%. (Source: Consolidated Financials)
Weekly stochastic crossover appeared on the week ending Feb 17, 2023. An average price gain of 6.86% within 7 weeks of this signal in the last 10 years.
Stock gave a 3-year return of 66.29% as compared to Nifty 100 which gave a return of 46.6%. (as of the last trading session)
Reliance Industries Ltd.'s share price moved up by 0.42% from its previous close of Rs 2,430.05. Reliance Industries Ltd. stock's last traded price is 2,440.20
-------Source link attached
RELIANCENSE:RELIANCE
One Can Enter Now ! Or Wait for Retest of the Trendline (BO) Or wait for 2377 For better R:R ratio
Note :
1.One Can Go long with a Strict SL below the Trendline or Swing Low of Daily Candle.
2. Close, should be good and Clean.
3. R:R ratio should be 1 :2 minimum
4. Plan as per your RISK appetite
Disclaimer : You are responsible for your Profits and loss, Shared for Educational purpose
Reliance may go down !! but keep trailing your SLThe scrip is looking negative and it can break its previous support. keep in radar. but keep trailing your SL.
Reliance breakout of channel
Reliance breakout from the channel. If it can sustain today and tomorrow , we can go long. Though tomorrow is expected to be a down day, so we should wait for it to show us the direction.
RELIANCE INDReliance ind 1 month chart in which stock is trading at near strong support zone. It's a monthly swing high support I will go long with small stop loss 2280. can gain short term gain. No short view untill it starts trade below 2280.
Reliance Chart Analysis 12/2/23While the price is above the support 2306 price is expected to fall as the current support will get broken
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Have you heard about the Aroon Indicator? Anybody who’s used momentum oscillators can tell you that they’re useful. Want to understand trends? Momentum oscillator. Looking for trading signals? Momentum oscillator. Ranging or trending? Momentum oscillator.
The umbrella of momentum indicators solves most scenarios. Popular examples include RSI, Stochastic Oscillator, and… the Aroon Indicator! Yes, Aroon is not as popular as the others but it does have merits.
Meet the Aroon Indicator
Security prices hit highs and lows based on various factors. This can lead to new trends, and reversals or the security might simply hit a range and stay there for a while.
The Aroon measures both for a given time period using two indicators known as the Aroon Up and Aroon Down, after which it will calculate the strength of the trend.
The result will be a number between 0 to 100. The best part - you have the liberty to choose the time period (n). The “n” can thus be 14, 20, or whatever you want it to be.
1. Aroon Up Formula
n - Days Since Recent High / n
2. Aroon Down Formula
n - Days Since Recent Low / n
Notice how there’s a special focus on the time when it comes to Aroon? That’s because Aroon is one of the rare indicators to show you time relative to price.
Usually, other oscillators show you the price relative to time. This sets Aroon apart from the rest.
Interpreting the Aroon Indicator
1. Values
A higher Aroon value indicates stronger trends
Aroon Up = 100: new bullish trend
Aroon Up = 30 to 70 & Aroon Down = 0 to 30: potential bullish trend
Aroon Down = 100: new bearish trend
Aroon Down = 30 to 70 & Aroon Up = 0 to 30: potential bearish trend
2. Crossover
When the Aroon Up and Aroon Down intersect/crossover, the following may be likely:
Aroon Up moves above Aroon Down: potential bullish trend
Aroon Up moves below Aroon Down: potential bearish trend
No Crossover: price consolidation/ranging
But… the Aroon Indicator can generate false trading signals. That’s why it would be wise to use Aroon in conjunction with other indicators.
P.S.: Aroon isn’t the only indicator that’s prone to false trading signals. Bollinger Bands too can generate a “headfake”, which we’ve covered in this blog about Bollinger Bands Indicator.
Above is an example of how the Aroon indicator looks on the Reliance chart
Conclusion
Aroon oscillators can be viewed as leading or lagging oscillators, depending on how you look at them. Essentially, the indicator attempts to determine trends just before or during their occurrence. This makes it a potential leading indicator. However, the trading signals that Aroon generates can be late and as a result, it is also a lagging indicator.
We hope you find this information useful about the indicators. We usually post about trading and investing on blog.dhan.co (do check this out)
Let us know what should we write about next.
Until then happy trading!
Disclaimer: Recommended stock name is only used as an example.
Reliance Looks goo on chart.Reliance is near its resistance and it can be broken as per option chain.
If 15min Candle close above 2360.
Then Buy Reliance ,
Target 2400/2420
SL 2352.
Note : This trade is only possible if a 15min candle should be closed above 2360
Have a Profitable trade.
Good Luck.
RELIANCE DAY CHARTThere is support zone at 2290 level. This stock is continuosly falling from previous two month now it can give some gain If it hold this level
RELIANCE - Elliott Wave ViewRELIANCE.
Correction cycle towards 1900 level. Below 1850, could extend towards 1650 level. The stock is forming a WXY corrective pattern.
The analysis is based on the Elliott Wave Theory.
Reliance Positional View Weekly Analysis @ 03-02-2023Reliance - The king of Indian Stock Market
Analysis in done in Multiple Time Frames so ignore the Noise
After So much Consolidation Now Reliance is Holding the Rock Solid Support the 1st Opportunity for Next Up Move
But in case it fails i will use the Best Area for Target of 10K Long Term
I will be more Happy if i get another dips, Will Update this idea & decisions in coming months
Always Trade What You See not What You Feel........
"Be Fearful when others are Greedy and Greedy only when others are Fearful " - Warren Buffett
John Maynard Keynes said, “the markets can remain irrational longer than you can remain solvent.” So be cautious and flexible as market conditions evolve.
Than You Universe 🙏🙏🙏💐 Thanks to all my Teachers ....🙏🙏🙏💐
trend line breakout sell on retest reversal good for sellingNSE:RELIANCE
trade on breakout side support & resistance levels for intraday
Reliance IndsReliance inds trading in pattern. Just sharing my thoughts. DONT TRADE BASED ON THESE IDEA.
RELIANCE : CMP - 2359Investor POV: KING is Ready to Roar !!
Mota Bhai getting ready for Bulls Party
New ATH + more upside possible.... 3200 is just a number
Reliance chart view Reliance chart view as per daily analysis
Demand zone area 2300-2350
Next resistance area (hurdle area+key level) 2375-2400
short reliance - target 2250short reliance for target of 3 - 5 % in coming 3 weeks - notice crucial support zones and trend lines as drawn
Reliance long-term long viewthis is the updated view of my last post
long zone - 2210:2080
SL: 1850
as looking like its doing 1-2-3-4-5, let me know if anyone wants more info or has any doubts in idea, will be happy to answer all query :)
RELIANCE : AnalysisBreakdown of Trendline on Weekly Charts, Taking Support on the Trendline Since 2 Years.
Disclosure : Just Analysis for Future Reference. Not a Prediction.
