Reliance rocket above 2670On the daily chart the stock is trading near swing high resistance and breaking above 2670 will make a successful breakout.
Potential target will be till resistance line which is placed near 2720.
RELIANCE trade ideas
Reliance Idea for 24 August, 2022 - TradesetupSince this is the second time Reliance is entering the resistance, it is expected to breach the zone and
We can go long once Reliance crosses 2652. with a 10 rupee stop loss. The short term target is 2672. A Risk/Reward ratio of 2:1.
Relaince~ made Endinging Digonal 2550, 2500 level possibleNSE:RELIANCE
short
CPM~ 2613
Target ~ 2550, 2500
short signal~ ending diagonal..
Long 3rd wave an Fib Extension TargetAs i see here 1st wave an 2nd wave both completed so it time for 3rd wave which provide us maximum target... Let's see.
Reliance Short Term View (AUGUST 2022 Only)Stay Long Above 2613, T1 - 2663, T2 - 2715.55, T3 - 2777.50..... SL 2554
Short Below 2554, T1 - 2499, T2 - 2488, T3 - 2479, T4 - 2432...... SL 2600
Reliance Industery Double Top confirmatiomHI Reliance seems to be moderate bearish.ON hr Chart Reliance is making double top formation but if you do multiple time frame analysis you will find price has taken support above 50 ema therefore you can take trade for moderate bearish view for intraday. and can take entry for long for short term vie.
RELIANCE Buy for intraday tradingRELIANCE Buy for intraday trading if stock and NIFTY was also strong then we will enter in trade...........
reliance industriesso in reliance industries, there's forming a head & shoulder pattern we wait till it crosses the level of 2572 for the downside, then we can expect to short. and we will see a correction in nifty as well.
Reliance - Book ProfitReliance - Profit can be booked at 2600-2620. Fresh Buy on pullback in range of 2490-2520 for long term profits.
Reliance Long Opportunity Looking good for buying if price will comes at entry level.
Trade at your own risk.
RELIANCE 1HRBullish Bat
Price need to follow GREEN TREND LINE and hit Target 1 & 2 , else if Price BREAKS RED TREND LINE is EXIT
POTENTIAL BUY
RELIANCE 15MINBullish Bat
Price need to follow GREEN TREND LINE and hit Target 1 & 2 , else if Price BREAKS RED TREND LINE is EXIT
POTENTIAL BUY
bullish bat pattern at reliance stock perfect bat pattern
b point=0.636
Xa retracement 0.456
bc=2.271
c point is=0.826
Reliance IndReliance Ind possible to move up broken the LL trend.
Disc: Only for Education and Learning Purpose. Not a trading advice.
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.
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.
