1WTF, Support and Resistance!*This is just a good Up Ward Channel Pattern.
*Fundamentally sound Nifty Heavy Weight.
*Low BETA Stock, best during the volatile market conditions.
*Long Term Trend is Bullish as you can see, so trade with the Trend.
RELIN trade ideas
Reliance SellChart is self explanatory. It has atleast 4-5 valid reasons to go short. Supported with Wave analysis.
Reliance - Support Taken - moving in parallel channelReliance have taken support from 2369..which was strong support on daily and weekly chart.
On a higher side, RIL can touch 2640-2650 (channel Mid), then 2800-2864 and go up to 3000 (channel high). We can say RIL has taken reversal once it crosses 2600 and go long from there. RIL is strong fundamentally and also on a chart.
It is moving in a parallel channel.
On downside, it could fall further up to 2309 which is a channel bottom and good support. If it breaks down channel then it could go up to 2179 - S1, 2017 - S2 & further down up to 1829 - S3 which is very unlikely.
Reliance TradeReliance is under consolidation for long time.
we may see that consolidation getting finished soon.
above 2430 one should buy,
Below 2370 one should sell as per charts
Reliance-Buy BuyThe stock looks good for long.
Buy Buy.
Its target I have shown in the picture. Thank You.
Disclaimer: Don't just blindly Trade or Invest, learn and then trade. Manage your risks properly.
This analysis is purely for EDUCATIONAL purpose
channel for informative and educational purpose onlychannel for informative and educational purpose only
#Reliance #Channel #FIBO Reliance 1W: Today, In case of any dip, use this opportunity to buy / accumulate and hold from short term perspective. Then use 2305 as SL on closing basis. It has channel as well FIBO support. Though oscillators are neutral mostly will turn supportive for upswing. Keep eyes.
RelianceReliance looking good for an upmove considering its reversal and support from the trendline.
RelianceReliance seems to have support. RSI is also stabilizing. The 44 period moving average is not bad.
Reliance Intraday view 14th July 2022Long above 2406, Keep trailing profits on the resistances drawn, SL 2380
Short below 2386, Keep trailing profits on the supports drawn, SL 2410
You can do scalping on the lines drawn
Reliance Intraday View 13th July 2022Long above 2421, Keep trailing your profits on the markings drawn in the chart, SL 2399
Short below 2400, Keep Trailing your profits on the markings drawn in the chart, SL 2415
NOTE : Please wait to understand the trend in the market and then take a trade.
RELIANCE ON HOURLY RESISTANCERELIANCE on the verge of breaking trendline.sitting at resistance,might take a bounce from the lower support.
Fresh long entry consider above 2440 as per risk apetite
reliance industries Big Moment for tomorrowNSE:RELIANCE tomorrow, we can see a big downside moment in reliance industries if it crosses the trendline, the trend is for the downside also volumes are high if it doesn't take retracement from the level around 2395 then either we will see a breakout for the upside moment, right now chart pattern formation is accending double top, we will see more candle formation on Monday morning so the figure will come out more clearly.
Reliance Swing Opportunity 1H Time Frame Triangle pattern forming on 1Hour time frame - Reliance Industries
Reliance LongReliance is coming to WDZ, if break weekly trendline than will surely come to our aexecution at daily TF.
Entry @ 2238.
Reliance chart analysisRel in make or break zone
Above 2441 can move @ 2520
Below 2401 can move @ 2468 ( below this bears can act)
Chart for education purpose.
Time frame this week only.
Any trade must be in consultation with fin.advisor.
Reliance - ShortReliance has formed Head and Shoulders Pattern on day range. Can see levels of 2350 and further.
Reliance long strategyNSE:RELIANCE is at the lower band of certain Fibonacci levels and is range bound currently.
Targe level: Fibonacci baseline about 2550.
it is Following strategy can be applied.
Buy reliance @ LTP Around 2400. sell above 2500.
Buy reliance PE 2300 @ about 40 currently.
The volatility in reliance is about 3-4%. If moves upward profit above 2440. If downward, put will help to recover.
keep Stop loss based on individual risk management capacity.
Hold for 2 weeks.
RELIANCE LEVELS...W CANDLE (04.07.2022)RELIANCE now in channel and its possible to move from this level to 2600-2800 and keep strict stop loss as 2250 @ weekly candle closing basis
Reliance investment levelReliance is at good investment level for long term buyers
we can add few quantity at 2400
if it falls further then add more at 2250
Reliance BuyBuy Reliance @2420 with a Stoploss below 2360 for a target of 2600, 2700 & 2800.
Testing Sep-2020 high. Made an Exhaustion move.
Downside to the strategy: Price below 200 DMA
