While Reliance can go higher in the short run, in the longer run, the structure is extremely week. Watch the 20MMA. The last time Reliance closed below is with MACD in sell... Well the chart shows what happened
Reliance on a weekly chart is moving in a fixed channel for a long time. 2350 is a crucial level for reliance if it breaks we can see a good downfall in this stock. And if it bounces back from this level, the previous high of 2800 level can be expected. Trade safe. Manage risk. Be profitable. Please follow us for more simple trading analysis and setups. Also,...
1st target 2440 and 2nd 2400 round number psychology
Reliance is correcting covid low to the recent high cycle in wave II in long term strong buy zone 2210 - 2080 with SL 1850
Buy reliance at 2575 Target 2639 2665 2694.5 Sl 2500
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.
RELIANCE : Down trend in hourly chart since many days. now its near to resistance for trendline & also near flip Resistance. Please watch closely (in 15 min chart ) all the candle formation and enter in trade. IF Breakout & retest of Flip level we can see 2600 on table and Nifty with our next target as per Nifty chart. Like, Share, Comment for regular...
#Reliance in triangle consolidation after Trendline breakdown. And formed harami looking candle pattern on Resistance today. Can initiate Short position if it breaks today's & yesterday low around 2550 with SL of 2580 Trgt 2510-2490. If breaks today's n yesterday high around 2580 then can initiate Long position With SL below 2550. For trgt 2625, 2675 & 2725 final...
Reliance have strong support zone at 2500 zone and for upside Resistance is trendline and today it is cross the trendline lets see how it will react
Day chart of reliance ind it is making triangle pattern on daily chart in which important support zone is 2490 zone and Resistance is trendline & today it is making inverse hammer candle which indicates bearish view for monday. On monday if this stocks breaks friday low then I will start shorting.
Ascending Triangle formation in 5 mins time frame chart in Reliance industries. Please switch the time frame from 15 minutes to 5 minutes and view.
RIL is taking nice support around 200 days EMA and it might be time to compound the stock. If you don't have Reliance it might be a good opportunity to add. If it goes down will definitely provide an opportunity to average on bounce. Further compounding can be done after it crosses and closes above 2578. Targets: 2662, 2757. Long term target: 2858. Eventually...
Here I am sharing major support and resistance on NSE:RELIANCE for upcoming days.
Day chart of reliance ind upper side hurdle 2642 down side support is trendline and 2530
this fall could take a bit more time, then drawn on chart, but from chart we could clearly see that nifty energy is overvalued. in all time frame, the rsi currently is at 60, the average, or the mostly rsi being in the chart is around 50. although, it has been falling, and yet following a triangle pattern. there could be a downside, fall. the dark black line is...
#ABAN NSE:ABAN CMP: 54 TP: 74 SL: 44 TF: <6m RR > 2 times Return 17% Factors: BULLISH WEDGE BREAKOUT Trend Following Rising Volume with rising Prices. Flag pattern breakout. Pennant Pattern Breakout with Bullish Candle. Retest Successful. Higher Highs & Higher Lows. Broken above RESISTANCE levels Trading at SUPPORT levels Earnings are strong. Bullish Wedge...
Reliance has accumalating on daily time frame, if it crosses the level of 2800, the first target will be Rs. 3000 & then second will be 3200 in upcoming 1-2 months #HappyNewYear #2023