reliance breakoutwedge formation, wait for a breakout
crossing oct 21 high,petro sector bullish
for education purposes only
RIGD trade ideas
Reliance alert ⚠️ 📢 All indicater are showing side ways trend but macd is crossing trend line on upside if base line it will touch its r1 and will go up
Hence: now some days for swings and intradays
Do like my idea one like for poor guy
Will reliance on impulsive waveReliance looks like forming impulsive wave.. under that 4th wave formation in progress.. we can expect 4th wave upto 50% retracement to 2515 level.. in downside if it's crosses below 2430 than wave counts gets invalidate.. in the upper side we can expect 5th wave upto 2745 level..
Disclimer: this analysis is only for educational purposes not recommending to buy or sell.
Reliance forming inverted flagAfter double top break down Reliance is forming inverted flag. Good chance for short position,keep looking.
RELIANCE sell for intraday tradingRELIANCE sell for intraday trading if stock and NIFTY also look weak then we will enter in stock....
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Reliance can be short for short Termafter making consecutive bullish upmove without any correction or pull back, Reliance has started to correct, the pullback may end taking support of Fibonacci Retracements or can take support on 5 EMA or 20 or any other EMA.try to observe this script for better understanding of price corrections , pullbacks and to learn Dynamic support and Resistances.
Disclaimer: Everything i post is for observation and Learning only, i am not a SEBI registered Analyst, consult your Financial Advisor Before Taking Position.
A Bullish position on ascending channel on Reliance Industries.Disclaimer: This is not a trade advice. This is an analysis for educational purpose. Kindly do your own research or consult your investment advisor before taking any positions in the capital markets.
The Indian mammoth has risen from the ashes of a descending triangle pattern to an ascending channel which presents us an opportunity of a 2.8:1 Risk reward trade on the basis of candle stick pattern and the channel boundary. On a technical analysis of the chart in a daily timeframe shows a Target upside of Rs. 43 with a slim stop loss of 15 Rs. . Trade setup is invalid if the stock opens below 2650. The stock closed on Wednesday at Rs 2672 Rs NSE:RELIANCE
In reliance pole and flag pattern In reliance industries we can see pole and flag pattern if this is break we can see up side move.
Reliance short RR 1:6Reliance is short at 2690-2710 range
sl is 2760
targets 2600/2500/2400
Timespan 4 months
Disclaimer:-
This idea is for educational purpose
I am not responsible for your profit or loss
kindly consult your financial advisor.
Reliance Ind have early exit signalReliance Industry have early Exit Signal which suggests the Buy ends here and it's good to book your profit on this rather than opening a new buy position.
PURE PRICE ACTION SERIESMY short term view on ehtereum usdt. this pair is facing major resistance at the levels of 3200-3300 so it might again face a fall till 2800-2600
Reliance in a bull run | Might touch 2650 next weekNSE:RELIANCE
Chart making a very bullish pattern for this month
Fundamentals looking strong
Whole market is in a bull run
Cash coming back in Indian markets
RELIANCE - NSECo website
www.ril.com
39% Market share in telecom ( JIO ) with a possibility of only two telecom servicies to remain in India- Airtel and Jio.
Fast growing broadband presence
Oil bullish for $90 + to pump the bottomline of reliance
Front runner in bringing 5G to india, multiple investments from BIG names-- Facebook, Google, Silver Lake, Vista Equity Partners etc
Focus on renewable energy, control over mass media.
In short- An Elephant
Trivia- look JIO in a mirror and you get OIL, after all data is the new oil :)
This is reliance chart on 1DThis is reliance chart on 1D time fram this is break triangle and now still on track
Bullish Pennant - RelianceReliance is all set to continue the uptrend tomorrow closed market with a green signal.
RELIANCE AnalysisReasons to Trade: 1.Trendline Breakout
2.Above 200EMA
3. Above 0.5 Fib-Level
Upside Target: 2534-2554
RELIANCE INDUSTRIES LTD Up trend India's Reliance Industries Ltd (RELIANCE), operator of the world's biggest refining complex, may avoid buying Russian fuels for its plants following Western sanctions on Moscow over its invasion of Ukraine, a senior company official said.
"Even if we can source some of the feeds (from Russia), probably we will be out of it because of the sanctions," Rajesh Rawat, senior vice president and business head cracker, told an industry event on Wednesday.
Reliance buys Urals crude and straight run fuel oil for its refineries from Russia. The private refiner mostly buys its petrochemical feedstock from the Middle East and the United States.
Sanctions on Russia have prompted many companies and countries to shun its oil, depressing Russian crude to record discount levels.
Rawat said in India most of the oil supplies from Russia are going to the state-run companies.
"So probably, those feed streams will still continue, or may have a lesser impact compared to the private sector players. Because we deal with banks, and also even if we can source some of the feeds (from Russia), probably we will be out of it because of the sanctions," Rawat told the Asia Refining and Petrochemical Summit.
Reliance might be in the zone from where it go/grow stronger Reliance is trying to come out of the squeezing triangle and is making the case for fresh entry above 2503 closing. The medium term target will be 2597 and the long term target will be 2700+. Reliance is a buy on dip and bounce candidate and also a Portfolio stock being India’s one of the premier companies. However for trading purpose if someone wants to keep a stop loss they should keep it at closing below 2175. Reliance is into Oil and Gas, Retail, telecom, Green energy and textile all together. Scope of value unlocking in the share is huge owing to the diversity of segments the company caters to. By all means the stock has potential to become a long term asset creator. One down side of the stock is that it trades at a expensive valuations of 29.1 currently. For Paper trading. Educational view only.
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Buy Reliance it gives good trend line breakout
Volume also looks good
It bounces from lower line channel
So our target will be upper line of channel
