so 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.
HELLO TRADERS! Trade setup was explained in the video in my channel a month ago. Trade worked as per my analysis and is up by almost 80%. Target is 400%. Rest details are in the chart.
Reliance Ind possible to move up broken the LL trend. Disc: Only for Education and Learning Purpose. Not a trading advice.
Chart is self explanatory. It has atleast 4-5 valid reasons to go short. Supported with Wave analysis.
Buy Reliance @2420 with a Stoploss below 2360 for a target of 2600, 2700 & 2800. Testing Sep-2020 high. Made an Exhaustion move. Downside to the strategy: Price below 200 DMA
Reliance Futures Key trading level 24th June 2022 Disclaimer: These levels are purely based on Price action/demand and supply zones & and consumed only for educational purpose & should not be taken as buy/sell recommendation. I will not be responsible for any loss/profit incurred if anyone takes trades based on my views. Please consult your Financial Advisor...
NSE:RELIANCE Reliance is showing good strength on charts and it has taken good support at 2545 levels. If this level is not broken on next week, we can see higher highs in Reliance, which would stay UP until Crude Oil prices continue to stay high @120$ per barrel.
Crude Oil Issues, Supply Constraints, Rate hikes by Banks, Rampant Inflation, And Sanctions. These are just some of the factors which one has to consider while taking a Swing Trade or even Invest in today's market. The War may have triggered food inflation and Oil issues but the problem IS, Was, and always has been the 'Easy Money' philosophy of the United...
Clear Inverted Head and Shoulder formation Once break my level it fall drastically Intraday levels marked for education purpose
NSE:RELIANCE is going Up as discussed, today's move brings it very close to lifetime highs. RELIANCE manages to move NIFTY up quite a bit today. If RELIANCE could give a fresh breakout anytime this week or next, its time to initiate fresh longs on this counter for MEDIUM to LONG TERM.
NSE:RELIANCE Reliance Inds. Stock is made a huge upward move last week with close to 64m volume, such huge volume was last a year back in June last year. This clearly shows big player entering into the stock and also rising crude prices can help RIL earn good profits. From Weekly charts you can see, NSE:RELIANCE being trading between two trendlines and its...
Reliance is looking good opportunity for a short term swing. Broke the previous resistance and sustained above it. Might get a pull back 2600-2650. Fresh long could be build for the month of July.
wait for support. you may take one dip on both horizontal and trend line support.
reliance just break the structure in daily tf thereafter yesterday test the supply zone and reject with volumes which confirm the trend therefore the ultimate target is the next zemand zone which is lower than its fair value and june is the last month of first quarter which also affected by the earning forcast
Reliance is for buying and if you have just keep it like
#Reliance has consolidated a lot and is staying above Bollinger band on monthly candle. Possible target looks to be above 3100.