RELIN trade ideas
Reliance Reliance on the weekly chart has given a breakout of an ascending triangle pattern and presently prices have revisited near its trend line support.
Counter is trading above its 9 & 21 WEMA which is placed at 2600 and 2560 levels. In the lower pane of the chart, the Relative Strength Index (RSI) oscillator which measures the strength of the trend is reading above 50 levels.
The resistance for the stock is placed at 2760 levels and support for the current pattern is placed at 2538 levels.
RELIANCEAfter breaking falling trendline and retesting it, Reliance is now comfortably rising in the parallel channel.
EW3 in progress. Now taking support at its 20 dema , should reverse back higher.
T1: 2850
T2: 2950
SL: Closing below parallel channel
Reliance Expected to See new RallyReliance Industries Expected to See new Rally, if it is bullish for next 2 days then it looks cross 3000+ mark,-
Reliance Industries BreakoutReliance Trendline Breakout and Retest Confirmed. EW 3 in progress.
Long!
Reliance Stock AnalysisNSE:RELIANCE at its trendline Support and a round figure of 2400.
Bulls are active at this level to protect it from further fall.
if the market turns on the upside reliance can move Up.
If weekly closing happens below 2400 we can be mild bearish
Reliance Few days before i shared this. my study analysis went well. HH HL pattern who are all noted they made higher profit in these 3 day..
Reliance-The Great BahubaliReliance made 3 candle bullish pattern on daily chart & also broke above previous swing high of 2630 with good volumes.
Could be bought with mentioned stoploss & targets
RELIANCE Selling RELIANCE Selling
RELIANCE Selling RELIANCE Selling RELIANCE Selling RELIANCE Selling
Reliance Reliance Industries above 21 , 50 , 100 , 200 EMA !!
Close above the curved trend line will bring ATH , With SL mentioned
RELIANCE WILL BE BOOM?????I have shared my view looks very bullish, What do you think guys do comment.
Reliance indReliance is making bullish pattern
If it hold above 2650 then I expect a bullish but also consider 2675 level can react resistance
RELIANCE BREAKOUT AND RETESTReliance breakout from triangle pattern and retest. May expect a good move if market supports
Reliance chartReliance HH HL pattern in day time frame. This is just my study analysis not any call suggestion.
Reliance As international price of crude is down.
Reliance is down.
Tommrow Reliance will be down side.
Support and resistance on chart.
Reliance Important support and resistance mark on chart.
Reliance tommrow opening will be Important.
Relaince going to support or drop huge? in my chart analysis.. relaince going to take support for uptrend and also it is in breakout in weekly .. 2512 is support for me if took support , it will go 2776 as first target 2896 as second target for me. this is only for education purpose
Reliance ind 15 m chartReliance is making good price action pattern falling wedge pattern which indicate bullish view
Support and Resistance are trendlines upper and down side
today first it falls and after that good reversal in upper side which is also idicates bullish view
Reliance Industries Reliance Industries Closed below 200 EMA !!
Nearest Support / Demand Zone is at 2365 , consolidation should happen in that level !!
Long-term growth is intact,vision to become debt free company is not moving in the pace as stated in AGM
Phoenix085-Analysis RILThe crucial SnR's are marked on the chart...
As per my analysis and the way price has reacted recently...
I feel there's a certain uneasiness in RIL stock which if supported by the Nifty, would definitely come crashing down to the 2450 or even 2400 levels...
These are just my analysis and not recommendations... Cos if i am not getting a penny from your profits would not be right to hold me accountable for your losses...
Reliance indHey traders Reliance chart is making ascending triangle pattern on hourly timeframe if it hold its base 2590 then can go up
