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.
⚡️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
Investor POV: KING is Ready to Roar !! Mota Bhai getting ready for Bulls Party New ATH + more upside possible.... 3200 is just a number
RIL ( Reliance Industries ) is performing Good at his levels to the estimate Target for Swing Trading is 2680 🎯 Note : This is just for Backtesting and Educational Purpose Only.
The crucial SnR's are marked on the chart... As per my analysis and the way price has reacted recently... I feel there's a certain uneasiness in RIL stock which if supported by the Nifty, would definitely come crashing down to the 2450 or even 2400 levels... These are just my analysis and not recommendations... Cos if i am not getting a penny from your profits...
Reliance industries on buy from 2300 still holding for huge target
RIL 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 CMP 2396 Looking at the structure... I feel that RIL has completed its ABCDE which can make it as Wave A... and if we hold blue line... Red lines would be Wave B tgt.... and from there RIL is ready for Wave C ... and expecting it to fall nicely!! Just a View!! Vedang :) Chart is for study purpose only!!!
My conditional view on NSE:RELIANCE Entry level 2594 Stop loss : 2581 Target would be : 2644 Note: This is my personal view, only for learners.
Since this is the second time Reliance is entering the resistance, it is expected to breach the zone and We can go long once Reliance crosses 2652. with a 10 rupee stop loss. The short term target is 2672. A Risk/Reward ratio of 2:1.
Hello and welcome to this analysis After a sharp down move last week which might have ended its sideways corrective, Reliance is now attempting a double bottom in lower time frame, suggesting 2475 and 2575 as possible upside levels as long as its above 2470
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.
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.
RIL if we see carefully on daily and weekly , we see a similar pattern , and if this pattern if actually plays out in real then RIl can test 2515-2525 levels in coming days before starting a fresh upmove .. retest if 2500 zones is very much possible.. lets see how things unfold in coming days..
Co website www.ril.com 39% Market share in telecom ( JIO ) with a possibility of only two telecom servicies to remain in India- Airtel and Jio. Fast growing broadband presence Oil bullish for $90 + to pump the bottomline of reliance Front runner in bringing 5G to india, multiple investments from BIG names-- Facebook, Google, Silver Lake, Vista Equity Partners...
above 2360 RIL May coming back to bullish mode RSI taken support at 40 RSI taking positive divergence Taken Swing support & Horizontal support AMAZON FUTURE detail canclelation may give power to traders
Post decent Q1 results also with increase in sales makes Reliance bullish on the fundamental side. Let's talk about the technicals now. The stock has been stuck in a zone for quite sometime now and looks good to take support of the 2100 levels to move upwards of 2200+. This is just an avergae trader sharing one of his analysis. Please take risk as per your...