Closing Price: ₹2,972.1 Change %: 1.74% Volume: 7,304,130 High: ₹2,984.45 Reliance Industries, a market heavyweight, saw a 1.74% increase, closing close to its intraday high. The considerable volume signifies robust investor confidence. Given Reliance's diversified business portfolio and market influence, the stock is likely to maintain its upward momentum,...
As per this count, currently the price seems to be in wave (v) of circled black wave iii. Appears to be a clear Elliott Wave pattern with invalidation level sitting at wave i high. 1.618 extension of circled black wave i at 3259.60 could be used as a potential target WIll update the chart as price develops further. Thanks for reading!
We could expect some deadcat bounce in this heavyweight, Today's Low becomes a important level! Trade Setup - Long above 2825 for targets mentioned on the chart, however traders should stay cautious when the stock reaches 2965-75 zone where selling should come. Any break above 3025 would give us a trending move towards new highs! Strict SL should...
Time to add JIO Finance in portfolio for long term 5-8 years.
Here are some levels that you may consider if you are interested in trading Reliance.
Here are some support and resistance levels for JIO FIN if you're interested in trading it.
lower limit- 2181.25 upper limit- 2753.25 cmp- 2455.20 gain- 12.1% from cmp Rangebound trading strategy in reliance, target will be achieved by 18/08/23
Buy Reliance and hold it for 2-3 months. It is the largest company of BHARAT and also the most profitable company. It is a good company for investment purpose.
Reliance the biggest company in India is ready to give an upside of 23.5% to reach a level of 3200 in the coming months. It is the best time to buy the elephant now. Beautiful cup with handle pattern supports the uptrend of this stock. Please follow if you like my analysis. Trade or invest at your own risk
Rising wedge bearish pattern is observed in this stock.. This stock is showing strong bullishness from the demand areas at 2600 levels. A strong bullishness is observed after broken the trendline previously and a continuous move is identified. So look for long in this stock from the demand Areas.
Points To Learn - This is a Weekly chart. A long Term Stock. -Box Consolidation of 938 days breakout - Done. -Upper high Upper Low formation has confirmed the change in trend. -Fibbs. Retracement from 0.6 levels has increased the probability of a genuine retest and breakout. -Retest Required at box upper level. Kindly feel free to message me personally to...
Alert! Bearish Pattern Spotted! 🐻 📊 Pattern: Rising Wedge 📌 Symbol/Asset: RELIANCE 🔍 Description: Stock is making rising wedge on a smaller timeframe. Reliance is around curve resistance shown in the previous post. Reliance resistance is around 2980-3030 Connecting the dots shows Reliance should fall from here on. 👉 Disclosure: We are not SEBI...
Alert! Bearish Pattern Spotted! 🐻 📊 Pattern: Curve Resistance 📌 Symbol/Asset: RELIANCE 🔍 Description: Reliance is near the resistance of curve on a weekly timeframe. We can see correction of upto 15-20% from this prices. Resistance is around 2990-3020 and Reliance stock should fall from these prices. 👉 Disclosure: We are not SEBI registered analysts,...
I am sharing the important levels of Support and Resistance. These levels plays a crucial role in trading decisions, as they act as reliable markers of price movements. ------>>Support levels are price points where an asset tends to find buying interest, preventing it from falling further. ---->Resistance levels, on the other hand, are points where selling...
This stock is completely bullish now,a strong break above the major resistance is observed recently. Strong bullish move is observed from 2500-2600. Price is likely to test this demand zone again. On topside price is facing resistance in the form of trendline.keep looking for buy when price tested these levels. If consolidation happens on topside price is likely...
JIO FIN is currently trading in the box ever since listed at weekly timeframe. We can see a rally in stock if it sustains above it. Also it will depend on the Q3 results of the stock which is today (15 JAN). I'll keep you updated about Q result.
RELIANCE has successfully broke the 840 days resistance. Good opportunity to buy for long term or swing.