RELIANCE trade ideas
RELIANCE TARGETsprice can reach defined target.
Reliance Industries Ltd., incorporated in the year 1973, is a Large Cap company
#Reliance Weekly major support & resistance levels.Here providing Weekly Support and Resistance levels for next coming week based on Central Pivot Range and its major support & resistance levels of week, where price can take support and face resistance. Three black lines indicating weekly Central Pivot Range. Previous week high & low also performs as a major support and resistance levels. Can take long & short positions according to how price perfoms at particular support & resistance levels.
RELIANCE IS ABOUT TO GIVE A BO Keep an eye on this stock it is trading at a major resistance level; expecting a BO here, after that one can be a Swing/ Short term trade.
Reliance indreliance ind making a good price action pattern as my view it looks bullish but there is resitance of 2530
RELIANCE falling wedge patternWhat we can see in the chart is a falling wedge pattern. Currently the price is inside the pattern. We are expecting the price to get rejected at the upper boundary of the wedge and come back down to retest the support. After that we are expecting the pump and the break out to the upside.
MACD has a bullish crossover which is positive sign for bulls.
The target and the stop loss are shown in the chart. Enter the trade only when/if the price breaks out with the volume surge.
Reliance industries trading ideasReliance strong buy recommendation very big upside to come target 3000+++ no sl required but and hold long definitely will be profitable
Reliance 15 Minutes chartOn 15 Min Reliance making head and shoulders pattern which indicate reversal of price if its neckline break with high volume then we can go with small SL
RilRIL CMP 2400
IHS developped in RIL
we are at neckline...
if we hold 2390 levels...
We can see RIL moving up towards its tgt....
Vedang :)
Chart is for study purpose only!!
Reliance Inds View for Earning Season - Oct 2022Hello Traders
Sharing my personal view for Reliance Inds
Upside targets (T1-T4)
2500 / 2600 / 2675 / 2708
Downside targets (T1-T6)
2300 / 2250 / 2190 / 2070 / 1865 / 1785
All the Best Guys!!! :)
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Can we see the Lindsay 3PDH Model in RelianceReliance weekly chart is showing 3PDH
3 Peaks
First Floor
and Roof,
The 3PDH model
Can we see a plunge in RIL in range of (1100 -1600)
Time will say how the model worked
Regards,
TTT
RELIANCE might open positive in morningReliance might open positive in tomorrow morning as per chart pattern, and rsi is in uptrend in 30 mnt 1hr timeframe....... and a long timeframe trendline is a strong support of it(weekly and daily time frame trendline)....
Would you be okay?Reliance clearly not able to sustain above the highs, and has been consolidating inside the Q2 range till now.
This indicates weakness, and hence expecting it to give a follow through to the downside.
Reliance at critical supportReliance which amounts to 10.1% weightage in the nifty 50 index is at its critical support!
The stock is going through a long distribution phase and has touched its support multiple times to weaken it.
Any movement below this would mean a significant downfall in the stock price.
Stay alert!
Lets study RIL RIL is forming a descending triangle pattern
the price levels are currently at base level
If close above 2405, which is a volume profile level, then we can see one move towards 2550
Any close below 2380 on daily basis, can lead towards 2096/1860 levels
