RELIANCE TRADING PLAN....NEXT TARGET??RELIANCE have more 100 point up then have a little fall...
make your trade setup depend on this...
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RELIN trade ideas
Reliance Stock option Trade opportunity 2500CE 2600CEReliance Stock just took support from the TRENDLINE. From here there is a high possibilities that it can go up. If we look at the option prices, February 2500CE is trading at 14.5 and 2500 is just 5% from current trading price. Now if we look at March 2500CE its trading at a price of 46.
WHAT WE CAN DO
ADD -2LOT February 2500CE@ 14.5 (3625)
1LOT March 2500CE@ 44 (11000)
So the total investment would be 3625+11000= 14625.
In case if Reliance do not give 5% upside momentum by FEBRUARY then by MARCH there will a high probability that it will give up side momentum and if it give upside momentum then our MARCH 2500CE will outperform which will cover the loss of FEBRUYARY 2500CE.
Reliance Swing Trade opportunity Reliance is currently trading at 2384 as of February 9. If you look at the above chart you can see that RELIANCE just took SUPPORT from the TRENDLINE. Reliance can go up till the blue color TRENDLINE and can consolidate there for 2 to 3 days and from there it can give a breakout. If it breaks the blue Trendline then from there it will give a good up side momentum nothing but at least 10%.
NOTE-
Entry- 2350-2425
Stoploss- 2250
1st Target- 2570
2nd Target- 2700
Will keep updating the results.
KEEP FOLLOWING
reliance industries buy setup foundreliance industries buy setup found
reliance industries buy setup found
reliance industries buy setup found
reliance industries buy setup found
Reliance Chart:- The Classical examples of understanding waves The Classical example of understanding waves is two impulse waves shown in this chart with fib projection.
It is Reliance Chart 15 min time frames.
Reliance - 1HHeading to 2425-2445 supply zone. Watch out for reversal in this area, once reversed most likely price will come back below 2300.
Reliance on watch#Reliance
14-Feb-2022
Looks to form C&H pattern. Open above 2338 can go long for 2460. Below 2300 can hit 2200 levels!
RELIANCE LONGReliance will try for the third time to break the above trendline.
Good R:R from this point but a little bit risky as well.
Trade safe. Manage risk. Be profitable.
Please follow us for more simple trading analysis and setups. Also let me know in the comment in case you have any queries.
Disclaimer :- This is just my view. Please analyze charts yourself and then decide to take any trades.
RELIANCE INDUSTRIES Bullish Or bearish ??1. RIL is forming a Bullish triagular pattern and will breakup .
2. Lower level is 2361 and higher is as indicated and may baounce back to base before moving up
3. by apruil may breakout from the pattern till than keep accumulating at lower levels as SIP
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LIKE IF You AGREE
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RELIANCE-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
RELIANCE - TOMORROW IS BREAK OUT DAY ?....Looks like tomorrow is a break out day for Reliance. I am on the upper side. What side are you ?
Relience taking SupportRelience taking Support at major SR level.
Made bullish candlestick in daily TF with good volume (higher than previous days).
Also taking Support at trend line.
Also @200 MA in daily TF.
Made base in smaller tf with Cup and handle pattern.
Also broke resistance trend line while closing session with high volume.
Market sentiments are bearish but expecting reversal in coming days.
A good swing trade can be taken after previous days high in broke with good volume.
Will wait for retest if open gap up.
RELIANCE - ReversalRELIANCE - Strong bullish piercing pattern at 200 ema.
Should begin it's upward journey now.
Reliance chartDaily chart on bottom support
W
Pattern and buying volume,
above 2350 buying side
and stop loss previous candle low 2300
Those analysis are education purpose
if you take trade is your own risk.
learn and earn,....
Reliance triangle breakout reliance was getting support at same level since last week and broke out of the triangle pattern today , interestingly RSI also crossed the trend line expecting an upmove after a consolidation/ retest of the trend line( if overall market is bearish) . seems an opportunity to enter for short term ..
reliance bearish wolfe wave activereliance making head and shoulder pattern , and at the same time bearish ww active .
RELIANCE AnalysisTriple-Top Pattern
CMP: 2331.30 (200EMA:2316)
Resistance Zone: 2335-2340
Upside Targets: 2359-2362, 2380-2384, 2413-2417, 2499-2504
Support Zone: 2309-2320
Below this zone, Reliance is weak
Reliance industriesReliance industries
This chart is meant for learning purpose only .. Invest Your capital at your own risk
#Reliance #PriceactionReliance Daily: It is making inverted C&H. Break below 2250 for Price Target 2050-2000... Keep eyes.
Head and Shoulder in Reliance IndustriesNSE:RELIANCE has formed a slanting H&S and the price is hovering at right shoulder breakdown levels. It's too early to say it'll materialise. And if it materialises then what does that mean for NSE:NIFTY ? Keep an eye!
Bullish on RelianceReliance is forming a good symmetrical triangle on a daily chart.
If the High to low trendline is broken, then we can see a good rally in Reliance and we can go long at that time.
Important Support Levels : 2369, 2455
Important Resistance Levels : 2499, 2564
