Observations: A strong sell off is observed after opening gap up , so will expect a downward momentum in reliance to the level 2290. The RELIANCE has been trending upwards, but recently it broke through the higher low level at 2342 and dropped to a low of 2326. However, the previous supply zone at 2326 has acted as a demand level, causing the price to rise...
The RELIANCE has been trending upwards, but recently it broke through the higher low level at 2342 and dropped to a low of 2326. However, the previous supply zone at 2326 has acted as a demand level, causing the price to rise weakly towards the upside. At this point, it is uncertain whether the stock will continue to move higher or form a lower low. Further...
Will look at Shorting Reliacen below 2330 Levels. RELIANCE LOOKS LIKE IT IS ON IT'S WAY DOWN
nifty will be trend this way i think so... due to previous price action hope u people will be usefull
Reliance Industries Ltd. remains favourite among many NSE traders, and among people who trade #Nifty50 in India. This one is in wave 4 and subsequently wave 5, down and therefore I am looking at shorting opportunities from these levels. Happy Trading.
#RELIANCE, One more Blue Chip stock is taking Support around Long Term Resistance Zone which is very Important level to watch out. Breakdown below this level will open Gate for 2100 Level which is POC of 2021 where we can see some demand coming.
Reliance CMP: 2264 Reliance is one of the top companies in India having a Market cap of Rs 1533454.7 Cr. It is a conglomerate with major activities in Oil and Gas, Retail, Telecom, Finance, FMCG, Green Energy and other growth oriented sectors. Investing in Reliance is equivalent to investing in multiple sectors. Entry in the stock can be taken above 2289 closing....
Its a detailed analysis about Reliance , which may give a massive upside move!! Advanced Technical Analysis . Warning!!! Never fall for anyone's analysis , do ur own analysis. I sense the low is already done.its now for upside move in the upcoming days. Shared a view,with a risk reward ratio of 1:28.
⚡️Early Signs of Top Formation ⚡️ Stage-4 may be confirmed below the 2000-2030 zone only ⚡️If it enters in Stage-4, it may go toward 1500-1600 zone ⚡️Except Covid Crash, first-time price sustained below 200 DMA &Weekly RSI below 40 ⚡️ Looks like Reliance Chart follows 78-80 Week time cycle ⚡️The current time cycle is about to complete in next 2-4 weeks
Reliance has been in consolidation for a long time, 2200-2350 has been a strong demand zone. It looks like this support level is weakening. DMI also indicates a bearish outlook. A breakdown from the level of 2200, the downside will pick up the pace. Will wait till then.
I won't call this a typical divergence, but a stock making tripple bottom at one level and reversing possibility is very very high.
Reliance/INR Chart Analysis :- Based on the chart analysis, Reliance is currently trading at ₹2322 and has broken the support level. This could lead to a big down move in the coming months, but there may be good buying opportunities for the long term around ₹1500-₹1600. The 0.50 Fib Retracement level is at ₹1584, which could lead to a strong bounce from that...
The scrip is breaking out from a trendline after forming a double bottom, keep this scrip in radar
Chart is self explanatory. Disclaimer: This is for demonstration and educational purpose only. This is not buying or selling recommendations. I am not SEBI registered. Please consult your financial advisor before taking any trade.