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...
The Structure looks good to us, waiting for this instrument to correct and then give us these opportunities as shown on this instrument (Price Chart). Note: Its my view only and its for educational purpose only. Only who has got knowledge about this strategy, will understand what to be done on this setup. its purely based on my technical analysis only...
Reliance has retraced to a significant hourly resistance level. There is now a potential for an upward breakthrough, aiming to revisit the previous swing high formed on the daily timeframe near 2760. However, it is crucial to await confirmation of a breakout before assuming this formation.
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 CMP 2510 This is weekly chart... Looking at the structure ... when price starts being below green line.. candle high as sl I am expecting price to move towards 2100 levels once again... Just a View!! Chart is for study purpose only!! Vedang
The Structure looks good to us, waiting for this instrument to correct and then give us these opportunities as shown on this instrument (Price Chart). Note: Its my view only and its for educational purpose only. Only who has got knowledge about this strategy, will understand what to be done on this setup. its purely based on my technical analysis only...
For more updates, please follow my TradingView page, and if you find the content useful, kindly hit the "thumbs up" button to show your support. If you have any queries regarding trading, please feel free to send me a direct message on TradingView. Additionally, please share this content with your friends who may find it beneficial. Please note that any trading...
------->>----->> 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...
NSE:RELIANCE - Currently into corrective wave a - Wave a subdivided into 5 impulse waves i,ii,iii,iv,v (light blue color) - Wave iii extended 1.618 times wave i - Wave iv retraced 38.2% of wave iii - Wave iv did not close inside wave i territory (EW cardinal rule satisfied) - Wave v target is 100% length of wave i (@2413), which should also mark completion of...
Observations: -------->>the stock is trending upwards. -------->> We have observed that the price is broken trendline, and retested the supply zone. --------->> Previously a strong fall is observed from the zone 2490. if price falls below 2450 levels sell on retracement for the target2420 levels. Keep an eye on these levels. Please like, if this post is helpful
Observations: -------->>the stock is trending upwards. -------->> We have observed that the price is near trendline. --------->> Previously a strong fall is observed from the zone 2460-2445.Price broken the resistance and If the same zone is acts as support we will observe again upwards in reliance up to 2490 levels and above. Keep an eye on these levels. ...
The price has recently broken and closed above the resistance level of 2480. Reliance was trading in a downtrend, but this breakout marks the FIrst HIGHER HIGH, the beginning of a new uptrend. NIFTY is also trading above its resistance level, which gives more confidence that Reliance may go up in coming days, as Reliance has heavy weightage in NIFTY INDEX. Long...
We may see Reliance fall on the 11th . Reliance should fall upto 2489/ 2486. Imp levels mentioned on the chart.
We had a bullish breakout confirmation on both trend line and the key level formed. Price will continue the bullish rally and revisit back on the Rs 2600 high formed by next move.
Observations: -------->>the stock is trending upwards. -------->> We have observed a left shoulder formed at 2300 level. Now if price falls back to 2300 level and if the same is acts a support we will observe a Head and Shoulders pattern in Reliance. --------->> Previously a strong fall is observed from the zone 2425-2455.If the same zone is acts...
This is a long term analysis on Reliance Industries on 4 hours TF Buy only above breakout pivot range <2447 -2497> For swing position target will be 2689, buy above 2497 For long term holding , buy on major breakout above 2689 , targets projected using Fibonacci levels are 3003/3320/3515 Long term investors should exit if Stoploss pivot range breaks <2246-2124>