Reliance Swing Opportunity 1H Time Frame Triangle pattern forming on 1Hour time frame - Reliance Industries
RELIN trade ideas
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
Reliance short term long tradeBullish if crosses 2450, Target price of 2580. Go short if reliance breaks 2370
DETAIL VIEW ON KING RELIANCE yesterday made low 2365 still we can say 25/30 points downside may possible
upside till 2825 and 2900/3000 step step buy step
previous week high 2565 is crucial resistance if break with volume surely we can say
52 week high gate will open for reliance
reliance analysisok so as we see on daily tf that we are at strong low that low break the previous high and there is also poi level that have to get respected after taking all liquidity we can easily open buying posiition and for intraday we will find short positions only
lets see hope for best .
RELIANCE - Bullish trendRELIANCE - Bullish trend
1. have good support at 2540
2. Now in a small downtrend, Looks like it will move upwards If the market trend reverses before it crosses 2540.
3. If the downtrend continues another support at 2420.
4. First target will be 2800 if the market reverse.
Note:
1. I’m not a SEBI Registered advisor, my views are personal and for educational purposes only.
2. Always check with your financial advisor and take the trade as per your risk/reward ratio.
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Reliance Long Opportunity If Breakout with proper as per rules, then go for buy.
Trade at your own risk.
RelianceAfter breakout the resistance and support in 15min time frame perfect Intraday stock for day trade. After break his support its almost 1.75% in just a couple of min. 1% is enough for an Intraday trade.
RELIANCE (SELL)After many bounces and a big depression on the trendline in 3 years, a slowing RSI could cause us to break this trendline and bring us into a bear market for several weeks.
RELIANCE weekly analysis-Taken Support from MA @2545NSE:RELIANCE Reliance is showing good strength on charts and it has taken good support at 2545 levels.
If this level is not broken on next week, we can see higher highs in Reliance, which would stay UP until Crude Oil prices continue to stay high @120$ per barrel.
Reliance's Impending Bear Implosion.Crude Oil Issues, Supply Constraints, Rate hikes by Banks, Rampant Inflation, And Sanctions.
These are just some of the factors which one has to consider while taking a Swing Trade or even Invest in today's market. The War may have triggered food inflation and Oil issues but the problem IS, Was, and always has been the 'Easy Money' philosophy of the United States "Fed" by way of Quantitative Easing, which in layman's terms means rampant printing of the Dollar.
Here without going into a Rant I'd just like to Explain a basic Economics Rule-
The law of supply and demand explains the interaction between the sellers of a resource and the buyers for that resource. The theory defines the relationship between the price of a given good or product and the willingness of people to either buy or sell it. Generally, as price increases, people are willing to supply more and demand less and vice versa when the price falls.
Now how does this Rule govern the market? Basically as price increases so does the supply, and the more supply there is, the lesser the price (or downward pressure).
2008 crash saw declines of 30-50% in the value of the stocks of Blue chip companies. Were they bad businesses? No. Did their businesses started Failing or Fell 50% ? No.
The economic policy behind the growth had imploded.
Oftentimes what happens is, Good Politics is Bad Economics
And such is the nature of markets. They rise and they fall so that new buyers can come in. Fresher Money draws in with new investors. And Bull Market fanatics get weeded out, by the grandeur and false prophecies of numbers just going one way.
"In Bear markets shares Return to their Rightful Owners."
Here lies the opportunity, if you are an investor and have made money in the bull market Congrats, but even the blind can do that. Real Market starts now. As a point, I'd like to mention that Rallies in Bear runs are gonna be the new normal now with stocks giving even more range and fooling people into Buying. "Dead Cat Bounces are the most epic. 12 of the top 20 Nasdaq 1-day Rallies happened during the 78% drop from 2000's top. 9 of the top 20 S&P 500 1-day rallies Happened During the 86% drop from the 1929 top.
Trying to predict and find the bottom would also be a fool's Errand as any low can easily be broken if the sentiment prevails. So folks, buckle up, It's gonna be a hell of a ride!
Reliance - Details Read Reliance Watch with Close Eye Bulls Eye On 2609-2611 Hold above Then Todays Low 2556 & 2540 is Key Sup For Uptrend 2635 To 2679+ & Above 2680 Hold Then another Rally
Educational Purposes Only
Reliance ShortClear Inverted Head and Shoulder formation
Once break my level it fall drastically
Intraday levels marked for education purpose
