After being in a constant downtrend, market forces seem to be pushing Reliance up from the low few swings that had upmove trapped. Breaking the sloping trend line, the stock can be seen heading towards a new trend that may also direct the Indexes towards a new Bull run. Always good to wait & watch than be taken down in the opposite swing.
I am sharing the important levels of Support and Resistance. These levels play 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 pressure...
The stock price is now enters in demand zone, where price is strongly moved to the upside... Find long opportunity in this demand area... on top side we have a trendline acting as a resistance... so be careful with this resistance, may have a chance of pushing the price down... keep safe.... Note:: There is no guarantee that this zone push the price...
look for buy when price test this demand Zone. I am sharing the important levels of Support and Resistance. These levels play 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...
this stock is showing strong bullish pressure.. multiple times facing the resistance 2420-2425 range if price breaks this range...will see a good upside movement. keep in long side...
Market sentiment is very positive for Reliance after sell off for a week. RSI levels are in sold zone. Is reliance stock is getting ready for the pump? May be~~ but wait and understand the chart with the possibilities. Next resistance level is 2450-2460 . this zone is also around EMA 10. so we may see a retracement at this zone. and if it happens than we have to...
The stock is trending downwards.... we have a strong demand zone at 2360 level... when price comes here...look for buy... we have a continuation bullish gap also be in the middle...take a look at this level as well.. both together may acts as support....
reliance out of long term consolidation.. can reach 4k levels in 2 years if nifty sustain above 20k
Strategy- Cup with handle pattern CMP- 1688.75 Target- 2175 Approx Gain -30% Largest bank of Bharat with high net profits and in a consolidation state from past 2 years. Best buy both for short term and long term.
Observations:: previous resistance is acts a support and the price is moved up... a strong fall is noticed from the zone 2580-2570, price broken this zone with strong momentum, and tested again..keep on buy side until this breaks. if price is not able to move upside again from this zone will go for side... A demand zone is observed at 2540 level... if...
Hi every one I given idea for reliance Hero call CE 2740 you can buy july August
There is a formation of Bat Pattern on the hourly chart of Reliance Industries Ltd. Support zone: 2478-2490 Sustaining the support zone, the stock is likely to move towards 2540 to 2600 in the coming trading sessions. Higher Timeframes also look promising.
Stage 2A - Week of 12.6.23 - above all mas - increasing volume - double bottom It has bounced from a confluence of moving averages and ready to rip now!
Observations:: ----the stock is in the resistance zone...where previously strong sell of is observed in this zone.. today a strong bearish candle is observed from this zone.. If price fall below 2500 zone, and not able to break 2600, then look for sell in these zones. (2520-2500 range) If price is not able to break above after taking support from 2520-2500...
Reliance long as per setup nearing AVWAP so RR will be good.
RELIANCE weekly chart had broken down from an upward trendline in January. Since then it has pulled back and retested the trendline. The bearish bar dated 29th May suggests than the selling pressure could resume. Specifically if the price trades below 2400. We could expect prices of about 2200, a sort of retest of the 200 EMA on the weekly chart in the near future.
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------->>----->> Can we consider this as double top ?? ------>> Failed to create a new high and falls heavily to the below levels. if demand acts as supply @ 2470-2460 levels, we will observe a fall again towards 2420 and 2370 levels. @ 2370 Levels we have identified a strong rise in this stock price, will again push the price towards higher levels. keep...