Breaking- out from a trendline The scrip is breaking out from a trendline after forming a double bottom, keep this scrip in radar
RELIANCE trade ideas
Reliance Industeries Call option buy opprotunity 2600 Ce 29 marHi every one
2600 CE 29 march Rel you can buy
now date 6 march 2023 today
reliance industries Postive trendreliance industries
hi everyone plan trade
if want ot plan plan buy trade
till 6 march to 7 march 2023 valid this idea
RELIANCE : Break the Consolidation Chenal Reliance Ltd. on Daily TF wee can see the Break the consolidation Pattern in down side with high Volume. RSI Level break at 40 level on daily basis which indicate stock bearish in short term. Momentum also weak on daily, weekly and monthly basis.
Entry : CMP
SL : 2395
Downside Move : 2234,2171
Bearish on RELIANCE Down trend on the day chart. Resistance candle and confirmation candle also on the day chart. Crossed 2 day low on 15 mins chart. 2395 SL. This is a swing trading idea.
Trendline Breakdown in Reliance Industries Limited...Chart is self explanatory.
Disclaimer: This is for demonstration and educational purpose only. This is not buying or selling recommendations. I am not SEBI registered. Please consult your financial advisor before taking any trade.
Reliance Bullish Formation of Head and shoulder pattern, which indicates a downside. Getting rejected at the resistance and trendline for multiple times. Targets are at the levels of Fibonacci.
Relaince industries relaince industries will test the 2385 to 2390 price again, at this price, we can take risk and can go long from this price.
RELIANCE INDReliance ind get rejected from the trendline resistance and huge fall not bullish until it close above 2450
Reliance journey to all time high?Bulls will profit if the trend line breaks, so depend on it. Watch for a crucial breakout to place a long swing trade.
Entry into Green energy-
Another round of capex may get restarted as the company enters into the green energy business. While the return on new investments will take time to come, in the medium term it may help the company improve its ESG score, which matters a lot to global fund houses hence to overall valuations. The recent acquisition in the clean energy space indicates that the company may be more aggressive than the street expected.
The company's annual revenue growth of 47.94% outperformed its 3-year CAGR of 7.29%. (Source: Consolidated Financials)
Weekly stochastic crossover appeared on the week ending Feb 17, 2023. An average price gain of 6.86% within 7 weeks of this signal in the last 10 years.
Stock gave a 3-year return of 66.29% as compared to Nifty 100 which gave a return of 46.6%. (as of the last trading session)
Reliance Industries Ltd.'s share price moved up by 0.42% from its previous close of Rs 2,430.05. Reliance Industries Ltd. stock's last traded price is 2,440.20
-------Source link attached
RELIANCENSE:RELIANCE
One Can Enter Now ! Or Wait for Retest of the Trendline (BO) Or wait for 2377 For better R:R ratio
Note :
1.One Can Go long with a Strict SL below the Trendline or Swing Low of Daily Candle.
2. Close, should be good and Clean.
3. R:R ratio should be 1 :2 minimum
4. Plan as per your RISK appetite
Disclaimer : You are responsible for your Profits and loss, Shared for Educational purpose
Reliance may go down !! but keep trailing your SLThe scrip is looking negative and it can break its previous support. keep in radar. but keep trailing your SL.
Reliance breakout of channel
Reliance breakout from the channel. If it can sustain today and tomorrow , we can go long. Though tomorrow is expected to be a down day, so we should wait for it to show us the direction.
RELIANCE INDReliance ind 1 month chart in which stock is trading at near strong support zone. It's a monthly swing high support I will go long with small stop loss 2280. can gain short term gain. No short view untill it starts trade below 2280.
Reliance Chart Analysis 12/2/23While the price is above the support 2306 price is expected to fall as the current support will get broken
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Have you heard about the Aroon Indicator? Anybody who’s used momentum oscillators can tell you that they’re useful. Want to understand trends? Momentum oscillator. Looking for trading signals? Momentum oscillator. Ranging or trending? Momentum oscillator.
The umbrella of momentum indicators solves most scenarios. Popular examples include RSI, Stochastic Oscillator, and… the Aroon Indicator! Yes, Aroon is not as popular as the others but it does have merits.
Meet the Aroon Indicator
Security prices hit highs and lows based on various factors. This can lead to new trends, and reversals or the security might simply hit a range and stay there for a while.
The Aroon measures both for a given time period using two indicators known as the Aroon Up and Aroon Down, after which it will calculate the strength of the trend.
The result will be a number between 0 to 100. The best part - you have the liberty to choose the time period (n). The “n” can thus be 14, 20, or whatever you want it to be.
1. Aroon Up Formula
n - Days Since Recent High / n
2. Aroon Down Formula
n - Days Since Recent Low / n
Notice how there’s a special focus on the time when it comes to Aroon? That’s because Aroon is one of the rare indicators to show you time relative to price.
Usually, other oscillators show you the price relative to time. This sets Aroon apart from the rest.
Interpreting the Aroon Indicator
1. Values
A higher Aroon value indicates stronger trends
Aroon Up = 100: new bullish trend
Aroon Up = 30 to 70 & Aroon Down = 0 to 30: potential bullish trend
Aroon Down = 100: new bearish trend
Aroon Down = 30 to 70 & Aroon Up = 0 to 30: potential bearish trend
2. Crossover
When the Aroon Up and Aroon Down intersect/crossover, the following may be likely:
Aroon Up moves above Aroon Down: potential bullish trend
Aroon Up moves below Aroon Down: potential bearish trend
No Crossover: price consolidation/ranging
But… the Aroon Indicator can generate false trading signals. That’s why it would be wise to use Aroon in conjunction with other indicators.
P.S.: Aroon isn’t the only indicator that’s prone to false trading signals. Bollinger Bands too can generate a “headfake”, which we’ve covered in this blog about Bollinger Bands Indicator.
Above is an example of how the Aroon indicator looks on the Reliance chart
Conclusion
Aroon oscillators can be viewed as leading or lagging oscillators, depending on how you look at them. Essentially, the indicator attempts to determine trends just before or during their occurrence. This makes it a potential leading indicator. However, the trading signals that Aroon generates can be late and as a result, it is also a lagging indicator.
We hope you find this information useful about the indicators. We usually post about trading and investing on blog.dhan.co (do check this out)
Let us know what should we write about next.
Until then happy trading!
Disclaimer: Recommended stock name is only used as an example.
Reliance Looks goo on chart.Reliance is near its resistance and it can be broken as per option chain.
If 15min Candle close above 2360.
Then Buy Reliance ,
Target 2400/2420
SL 2352.
Note : This trade is only possible if a 15min candle should be closed above 2360
Have a Profitable trade.
Good Luck.
RELIANCE DAY CHARTThere is support zone at 2290 level. This stock is continuosly falling from previous two month now it can give some gain If it hold this level
RELIANCE - Elliott Wave ViewRELIANCE.
Correction cycle towards 1900 level. Below 1850, could extend towards 1650 level. The stock is forming a WXY corrective pattern.
The analysis is based on the Elliott Wave Theory.
