Reliance - BullishTrading above Rs. 2313/- is signal for long and buy on dip is a good strategy for long term. Looking good & strong on daily time frame and All time high will be achievable in near term.
RELIN trade ideas
sell reliance industries for very short short termsell reliance aroung 2790,sl-2810,tgt-2763....its a very short term trade,most probably, ,today/tomorrow target will come,do watch and follow
RELIANCE in TROUBLE ??Well, like always, the chart is pretty self-explanatory. Do check out our view on nifty50 of which reliance is a major chunk.
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RELIANCE looks good in W time frame.RELIANCE looks good in W time frame, in daily time frame it has given a breakout.
here we can enter with small qty after getting good closing on weekly time frame we can add more qty or else after confirmation we can enter, its totally up to you. how you can plan your trade.
Reliance LevelsHere is the reliance levels for support and resistance untill it cross upside or downside.
RelianceAfter experiencing a notable rally, Reliance Industries Ltd. (Reliance) might be due for a pullback in the near future, potentially retracing to a significant demand zone as indicated on the charts. This presents an opportunity for traders to capitalize on the downward movement by shorting Reliance shares. By taking advantage of this potential reversal, traders can aim to profit from the anticipated decline in Reliance's stock price. However, it's important to note that investing and trading involve risks, and thorough analysis and consideration of market conditions should be undertaken before making any investment decisions.
Reliance Retraces to Key Resistance Level: Potential for Upside Reliance has retraced to a significant hourly resistance level. There is now a potential for an upward breakthrough, aiming to revisit the previous swing high formed on the daily timeframe near 2760. However, it is crucial to await confirmation of a breakout before assuming this formation.
Reliance Target and ideaHi every one
I given idea for reliance
Hero call
CE 2740
you can buy july
August
Reliance Industriesbreaking trendline and yellow line will result in 100 pts move.... good for swing trade of 100 pts... risky players can take 2700ce@10-11... risk only which can be forgotten....
Reliance on Daily time frame reliance is bullish is 28 June also this ithe bullish on daily time frame and gives the trandline support and Swing breakout it give the huge breakout and sustain it .
"Reliance Retesting its previous Breakout weekly"Reliance BO at 2500 on 13-Jun-2023, now it is testing it. Stock is respecting the channel as well.
On Monday 26th June if we come across a bullish price action near these lvls (2495-2500) such as engulfing, morning star etc. we may go long. and keep the SL below the swing.
This analysis is only for learning and educational purpose. Please manage positions according to your risk.
Reliance - For Swing TradeThis is the 3rd time price is taking support from this channel .
If price breaks its recent high we can see the next target 2600.
RELIANCE TOWARDS 2600 levelsThere is a formation of Bat Pattern on the hourly chart of Reliance Industries Ltd.
Support zone: 2478-2490
Sustaining the support zone, the stock is likely to move towards 2540 to 2600 in the coming trading sessions.
Higher Timeframes also look promising.
RELIANCE (30MIN)Price is currently trading at Breakout level, Either it can be Retest and price can move up.
Either it can breakdown of level retest and more fall.
price is trading at important level so as nifty.
1. Gap at the level of 2510-2515
2. Fib .50 Level
3. Breakout and retest
4. W pattern at the support if price moves above 2530
5. Seller will get trap above 2530
RELIANCE downtrendRELIANCE is at the strong resistance level where taking a short position is justified. The stop loss can be placed at 2745.
2 targets are shown on the chart.
Good luck
It may take some time to reach the targets as it´s a weekly timeframe.
Reliance formed a flag pattern Reliance formed a flag pattern If market open inside the pattern and break either sides take the trade
Six Things to Remember When Trading OptionsIt is often said that trading options is risky and fraught with unknown dangers, it’s difficult to
learn and difficult to do. This isn’t always the case.
As with any kind of trading it’s essential to have solid risk management skills. But provided
the trader is trained correctly from the start and has a thorough understanding of options
themselves as well as probabilities and time horizons, profitability is possible, even when
there aren’t any stops.
Here’s 6 things to remember when trading options:
1 - It’s important to question whether your expectations for the underlying stock hitting the
breakeven point are realistic and to do your scenario calculations before you put your trade
on.
2 - Don’t forget that directional bias (long or short) can be used to set up great option
trades.
3 - A common mistake is not to check the expiry date of the options and then select the
wrong strike prices. People tend to place option trades without calculating the risks and
end up throwing their money away.
For example a trader might put a US$50 on a $200 call that expires in a month but if it is
currently trading at $80 then it might need a lot more time and the option contract will
expire worthless – unnecessary money lost.
4 - Another trap is to think that there is a value in buying an option just because it is cheap.
In reality, you always need to look at the risk scenarios, calculate the likely outcomes and
decide which is best in terms of strike price selection and for you as a trader.
5 - Never trade naked options no matter how alluring it may seem. All your assets are on the
line when you sell an option and don’t own anything that can cover you if the trade goes
against you. That said, selling options does have its place as part of multiple strategies that
provide coverage, for example covered calls and option spreads. But only when you have
solid risk management skills in place.
6 - Anyone new to trading or trading options should avoid option selling strategies until they
are experienced and profitable trading buy only strategies.
The benefits to options
There are particular benefits to trading options. For example, they suit people who want to
trade while also working a full-time job as options trades run for days and weeks as opposed
to intraday trades that run for minutes therefore requiring more time each day.
Also you don’t have to tie up a lot of your capital in each trade and it’s a defined risk, at
least with buy options where you can’t lose more than the premium paid for the option.
This can be attractive to the new trader as options are a lot less capital intensive than
buying stocks.
So it’s about applying the same rigour and willingness to learn to this type of instrument as
you do to any other.
RELIANCE--2500 or 2400 ??Observations::
----the stock is in the resistance zone...where previously strong sell of is observed in this zone..
today a strong bearish candle is observed from this zone..
If price fall below 2500 zone, and not able to break 2600, then look for sell in these zones.
(2520-2500 range)
If price is not able to break above after taking support from 2520-2500 levels, short side up to 2400.
RelianceReliance looks good to break the wedge patterns and the weekly candle closed little inside the wedge channel.
Now it is a very good area on Gann square which shows bullishness
MACD cross over being done and once RSI gains strength above 65 we can see the momentum
DSU special topicWhen the MACD line crosses above the signal line, it generates a bullish signal. This suggests that the shorter-term moving average is gaining momentum and moving above the longer-term moving average, indicating a potential uptrend. Traders interpret this as a signal to consider buying the asset or entering a long position.
Conversely, when the MACD line crosses below the signal line, it generates a bearish signal. This indicates that the shorter-term moving average is losing momentum and moving below the longer-term moving average, suggesting a potential downtrend. Traders see this as a signal to consider selling the asset or entering a short position.
When implementing this strategy, traders may use additional confirmatory indicators or chart patterns to increase the reliability of the signals. For example, they may look for support or resistance levels, trendlines, or other technical patterns that align with the MACD crossover. These additional factors can provide a stronger foundation for making trading decisions.
It is important to note that the timing and effectiveness of MACD crossovers may vary depending on the market conditions and the specific asset being traded. Traders should conduct thorough analysis and consider other factors, such as overall market trends, volume, and price patterns, to make well-informed trading decisions.
Overall, the strategy of buying or selling when MACD crossovers occur is a popular approach among traders. It provides a clear and objective signal for potential entry or exit points in the market, allowing traders to capitalize on trends and changes in momentum. However, as with any trading strategy, it is crucial to manage risk effectively and employ proper money management techniques to maximize the potential for successful trades.
Reliance Elliottwave update 9th June 2023Hello everyone,
Reliance is just completed corrective B wave, now C wave is starting, target is 2430.
Note: we have shared this info for education purpose only, not a recommendation, we are not responsible for your profits or losses, always trade with your own risk.
Reliance is reafy to fly to 2800 Two Technical patterns inverted HNS and Cup and Handle.
300 Points jump 10%
SL 2420
