reliance bearish wolfe wave activereliance making head and shoulder pattern , and at the same time bearish ww active .
RIGD trade ideas
RELIANCE AnalysisTriple-Top Pattern
CMP: 2331.30 (200EMA:2316)
Resistance Zone: 2335-2340
Upside Targets: 2359-2362, 2380-2384, 2413-2417, 2499-2504
Support Zone: 2309-2320
Below this zone, Reliance is weak
Reliance industriesReliance industries
This chart is meant for learning purpose only .. Invest Your capital at your own risk
#Reliance #PriceactionReliance Daily: It is making inverted C&H. Break below 2250 for Price Target 2050-2000... Keep eyes.
Head and Shoulder in Reliance IndustriesNSE:RELIANCE has formed a slanting H&S and the price is hovering at right shoulder breakdown levels. It's too early to say it'll materialise. And if it materialises then what does that mean for NSE:NIFTY ? Keep an eye!
Bullish on RelianceReliance is forming a good symmetrical triangle on a daily chart.
If the High to low trendline is broken, then we can see a good rally in Reliance and we can go long at that time.
Important Support Levels : 2369, 2455
Important Resistance Levels : 2499, 2564
RIL 1H- Supply zone aboveRIL is going to test supply zone , watch out for reversal around 2405-2415 levels.
On reversal, most like going to fill the gap below.
Reliance Seem BullishOne can buy Reliance for the target of 2460.
Option chain looks good for Reliance, as it is trading above its resistance and ADX is in a positive note.
Option Trade Can be Taken as:
Reliance 2440 CE option
Target is 68 and SL 40. :) Have a nice budget Session.
Reliance successful tradeGot perfect breakout after my recent post🙏
Given a good momentum according to my analysis
I hope you got benifit🙏
Camarilla Pivot IntradayHello Friends,
Camarilla Pivot Points setup along with CPR used for intraday traders.Pivot calculations are based on Secret of Pivot Boss book by Frank Ochoa
Reliance important movementReliance making a beautiful symmetrical triangle pattern
If it breakout in downward direction we can see a good fall and short it
If it breakout in upward then we can see a great movement towards upside
Also it can effect nifty movement too🥳✅
More Bullish ?Despite several International Brokerage Houses upping Reliance Industries target we are seeing, a giant dip. Now, will it go up or down only time will tell. However, this appears like the last shake-up before a phenomenal move upwards towards the 3000+ area and looks plump for a massive leg-up. Now keep in mind. Bull runs are always in fear and then disbelief and by the time the retailers get adjusted and come in for the ride the majority of the journey is over. Fundamentally, Reliance has posted good results and there seems to be no good reason for it to dip unexpectedly or turn bearish. Buying on support would be a good idea for this stock. And inevitably its bound to push nifty higher singlehandedly. ps, Buying the dip could be good, Remember even monkeys can make money in bull market, but Millionaires are made in bear market. (buying on dips for the right stock @ d right amount)
RELIANCE - Price Action Analysis Currently , NSE:RELIANCE is taking support at the dynamic trendline. It has already been activated Harmonic Bat pattern with PRZ level 0.886 at 2204.
BUY : If It is continue falling then Buying opportunity will only happen when price holds at 2200 and makes confirmation candle or price has to hold above 2500 level with breakout candle.
SELL : Level of 2400 works as Selling Zone so further falling can see. you can get a short opportunity if any reversal happens at that price or if sustains above 2400 then 2500 again works as resistance so do accordingly.
NOTE : Buyers can wait up to 2200 or any reversal at resistance you can take short with strict SL with good Risk and rewards.
Reliance trend breakout and retest for a long term upside. Reliance has been in the zone for a while and recently broke its trend line and retested today. Connecting the dots with the AGM today, and the near future happenings within the company reliance might be on a long term uptrend towards 2600 levels.
