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RLI trade ideas

Reliance looks to be the BEAST amongst BEARS!!Reliance has been on a decline for a while and we have all wondered about when this beast of a bull will come to party!!.....May be the time has come!! - MACD is positive - Volume is high and RSI increasing over last few trading sessions - Taken support 2 or 3 times in the 1205-1210 level - Breaking out of a Falling Wedge pattern - Taken support from 68.2 Retracement on Fibonacci and crossed 1260 - indicating an impulse pattern Next stop 1290-1300 and eventually 1350!! Fingers crossed
NSE:RELIANCELong
by nyk255678
4
Reliance led the fall in the market.. what aheadReliance one of the heavily traded counters in the market is showing some interesting signs. The entire down move started with a strong corporate action of the bonus announcement which attracts huge retail sentiments. prices were in the range of 3000 and there we saw the top formation in the recent past. post that we can see some frequent formations of Flag patterns and a continuation move post that. the moves have been in line with the expections as per technical analysis levels. Now currently we can see a possible wedge pattern being formed and within the wedge a parallel pattern is also getting formed. both wedge and parallel patterns are still in formation stage. We must wait for confirmation of the either pattern and then trade on the breakout of the range accordingly. Some interesting levels on the downside are marked as per the fib extension which i plot it according to my understanding. The levels and view is shared purely for educational purpose.
NSE:RELIANCE
by VineetJain_TradingSiksha
1
LongThe intrinsic value of Reliance Industries is currently estimated at ₹2,481, while the stock is trading significantly lower at ₹1,250. This presents a compelling opportunity for long-term investors, I am long at ₹1,220. Given the strong market capitalization of Reliance and its impressive track record of growth and performance over the years, these current levels appear to be an attractive entry point. As the company continues to expand its footprint in sectors like telecommunications, energy, retail, and digital services, the stock is poised for substantial long-term appreciation. For investors looking to build or add to their positions, the current price levels offer a promising opportunity to accumulate shares at a discount to its intrinsic value, with a potential upside towards ₹2,481 in the medium to long term.
NSE:RELIANCELong
by Shivkumar600
RIL S/R for 6/1/25Support and Resistance Levels: Support Levels: These are price points (green line/shade) where a downward trend may be halted due to a concentration of buying interest. Imagine them as a safety net where buyers step in, preventing further decline. Resistance Levels: Conversely, resistance levels (red line/shade) are where upward trends might stall due to increased selling interest. They act like a ceiling where sellers come in to push prices down. Breakouts: Bullish Breakout: When the price moves above resistance, it often indicates strong buying interest and the potential for a continued uptrend. Traders may view this as a signal to buy or hold. Bearish Breakout: When the price falls below support, it can signal strong selling interest and the potential for a continued downtrend. Traders might see this as a cue to sell or avoid buying. MA Ribbon (EMA 20, EMA 50, EMA 100, EMA 200) : Above EMA: If the stock price is above the EMA, it suggests a potential uptrend or bullish momentum. Below EMA: If the stock price is below the EMA, it indicates a potential downtrend or bearish momentum. Trendline: A trendline is a straight line drawn on a chart to represent the general direction of a data point set. Uptrend Line: Drawn by connecting the lows in an upward trend. Indicates that the price is moving higher over time. Acts as a support level, where prices tend to bounce upward. Downtrend Line: Drawn by connecting the highs in a downward trend. Indicates that the price is moving lower over time. It acts as a resistance level, where prices tend to drop. Disclaimer: I am not a SEBI registered. The information provided here is for learning purposes only and should not be interpreted as financial advice. Consider the broader market context and consult with a qualified financial advisor before making investment decisions.
NSE:RELIANCE
by zenthosh
Correction Wave 5 in Reliance Industries Complete? Now what?Correction phase of Reliance industries has been patience testing for it's investors. As per my personal analysis these are the 3 paths that it can probably take. Path1) Now it can go either from a to b with stoppages. Closing above 1252 will enable Ril reach from a to d that is 1252 to 1429. If we get a breakout near 1429 upside targets will be 1452, 1479 and 1500 to 1600 range. Path 2) The path that it can take is a to c to d to e and e to f. Which is from 1251 it can again fall to 1203 from 1203 it can again travel to 1251 from 1251 down to 1110 and from 1110 to 1379 levels. Path 3) The path that it can also take is a to c to d to g. Which is from 1251 it can again fall down to 1203 from there it can reach 1252 and from there it can jog to 1323 levels. Reliance is conglomerate of Oil and Gas, Retail, Green Energy, Media and Telecom, Textile etc. businesses. In the short medium or long term it will rise again in all probabilities. An investor can take a decision to hold, compound, average or add Reliance Industries to their portfolio. I have personally added a good chunk of Reliance stocks to my portfolio where it existed already. Right now Reliance is in an patience testing phase of an investor's journey. I believe that rewards will come sooner rather than later. Reliance has been part of my Portfolio since I started my investment journey so there is a chance of bias in my analysis so invest wisely after looking at the chart. Disclaimer:The above information is provided for educational purpose, analysis and paper trading only. Please don't treat this as a buy or sell recommendation for the stock or index. We do not guarantee any success in highly volatile market or otherwise. Stock market investment is subject to market risks which include global and regional risks. I or my clients might have positions in the stocks that we mention in our posts. We will not be responsible for any Profit or loss that may occur due to any financial decision taken based on any data provided in this message. Do consult your investment advisor before taking any financial decisions. Stop losses should be an important part of any investment in equity.
NSE:RELIANCELong
by Happy_Candles_Investment
RIL S/R for 3/1/25Support and Resistance Levels: Support Levels: These are price points (green line/shade) where a downward trend may be halted due to a concentration of buying interest. Imagine them as a safety net where buyers step in, preventing further decline. Resistance Levels: Conversely, resistance levels (red line/shade) are where upward trends might stall due to increased selling interest. They act like a ceiling where sellers come in to push prices down. Breakouts: Bullish Breakout: When the price moves above resistance, it often indicates strong buying interest and the potential for a continued uptrend. Traders may view this as a signal to buy or hold. Bearish Breakout: When the price falls below support, it can signal strong selling interest and the potential for a continued downtrend. Traders might see this as a cue to sell or avoid buying. MA Ribbon (EMA 20, EMA 50, EMA 100, EMA 200) : Above EMA: If the stock price is above the EMA, it suggests a potential uptrend or bullish momentum. Below EMA: If the stock price is below the EMA, it indicates a potential downtrend or bearish momentum. Trendline: A trendline is a straight line drawn on a chart to represent the general direction of a data point set. Uptrend Line: Drawn by connecting the lows in an upward trend. Indicates that the price is moving higher over time. Acts as a support level, where prices tend to bounce upward. Downtrend Line: Drawn by connecting the highs in a downward trend. Indicates that the price is moving lower over time. It acts as a resistance level, where prices tend to drop. Disclaimer: I am not a SEBI registered. The information provided here is for learning purposes only and should not be interpreted as financial advice. Consider the broader market context and consult with a qualified financial advisor before making investment decisions.
NSE:RELIANCE
by zenthosh
RIL S/R for 13/1/25Support and Resistance Levels: Support Levels: These are price points (green line/shade) where a downward trend may be halted due to a concentration of buying interest. Imagine them as a safety net where buyers step in, preventing further decline. Resistance Levels: Conversely, resistance levels (red line/shade) are where upward trends might stall due to increased selling interest. They act like a ceiling where sellers come in to push prices down. Breakouts: Bullish Breakout: When the price moves above resistance, it often indicates strong buying interest and the potential for a continued uptrend. Traders may view this as a signal to buy or hold. Bearish Breakout: When the price falls below support, it can signal strong selling interest and the potential for a continued downtrend. Traders might see this as a cue to sell or avoid buying. MA Ribbon (EMA 20, EMA 50, EMA 100, EMA 200) : Above EMA: If the stock price is above the EMA, it suggests a potential uptrend or bullish momentum. Below EMA: If the stock price is below the EMA, it indicates a potential downtrend or bearish momentum. Trendline: A trendline is a straight line drawn on a chart to represent the general direction of a data point set. Uptrend Line: Drawn by connecting the lows in an upward trend. Indicates that the price is moving higher over time. Acts as a support level, where prices tend to bounce upward. Downtrend Line: Drawn by connecting the highs in a downward trend. Indicates that the price is moving lower over time. It acts as a resistance level, where prices tend to drop. Disclaimer: I am not a SEBI registered. The information provided here is for learning purposes only and should not be interpreted as financial advice. Consider the broader market context and consult with a qualified financial advisor before making investment decisions.
NSE:RELIANCE
by zenthosh
[Positional] Reliance Buy IdeaWait for the trigger Note - One of the best forms of Price Action is to not try to predict at all. Instead of that, ACT on the price. So, this chart tells at "where" to act in "what direction. Unless it triggers, like, let's say the candle doesn't break the level which says "Buy if it breaks", You should not buy at all. ======= I use shorthands for my trades. "Positional" - means You can carry these positions and I do not see sharp volatility ahead. (I tally upcoming events and many small kinds of stuff to my own tiny capacity.) "Intraday" -means You must close this position at any cost by the end of the day. "Theta" , "Bounce" , "3BB" or "Entropy" - My own systems. ======= I won't personally follow any rules. If I "think" (It is never gut feel. It is always some reason.) the trade is wrong, I may take reverse trade. I may carry forward an intraday position. What is meant here - You shouldn't follow me because I may miss updating. You should follow the system I share. ======= Like - Always follow a stop loss. In the case of Intraday trades, it is mostly the "Day's High". In the case of Positional trades, it is mostly the previous swings. I do not use Stop Loss most of the time. But I manage my risk with options as I do most of the trades using derivatives
NSE:RELIANCELong
by Amit_Ghosh
RIL S/R for 23/12/24Support and Resistance Levels: Support Levels: These are price points (green line/shade) where a downward trend may be halted due to a concentration of buying interest. Imagine them as a safety net where buyers step in, preventing further decline. Resistance Levels: Conversely, resistance levels (red line/shade) are where upward trends might stall due to increased selling interest. They act like a ceiling where sellers come in to push prices down. Breakouts: Bullish Breakout: When the price moves above resistance, it often indicates strong buying interest and the potential for a continued uptrend. Traders may view this as a signal to buy or hold. Bearish Breakout: When the price falls below support, it can signal strong selling interest and the potential for a continued downtrend. Traders might see this as a cue to sell or avoid buying. MA Ribbon (EMA 20, EMA 50, EMA 100, EMA 200) : Above EMA: If the stock price is above the EMA, it suggests a potential uptrend or bullish momentum. Below EMA: If the stock price is below the EMA, it indicates a potential downtrend or bearish momentum. Trendline: A trendline is a straight line drawn on a chart to represent the general direction of a data point set. Uptrend Line: Drawn by connecting the lows in an upward trend. Indicates that the price is moving higher over time. Acts as a support level, where prices tend to bounce upward. Downtrend Line: Drawn by connecting the highs in a downward trend. Indicates that the price is moving lower over time. It acts as a resistance level, where prices tend to drop. Disclaimer: I am not a SEBI registered. The information provided here is for learning purposes only and should not be interpreted as financial advice. Consider the broader market context and consult with a qualified financial advisor before making investment decisions.
NSE:RELIANCE
by zenthosh
1
Possible Wave Counts of RELIANCE : Near to Bottom ?Reliance Industries Technical Analysis based on Elliott Wave Counts (Possible) Chart: The analysis is based on a 2-hourly timeframe chart of Reliance Industries (RELIANCE). Elliott Wave Theory: The analysis utilizes Elliott Wave Theory, which suggests that market prices move in repetitive patterns called waves. These patterns consist of impulsive waves (numbered 1-5) that move in the direction of the main trend and corrective waves (labeled A-B-C) that move against the main trend. Possible Wave Counts: Overall Trend: The chart suggests a potential overall uptrend, with the analysis focusing on a smaller degree wave structure within this larger trend. Impulsive Waves: The chart highlights several impulsive waves (1-5) of varying degrees, indicating periods of strong price movement in the direction of the trend. Corrective Waves: The chart also identifies corrective waves (A-B-C), representing periods of price consolidation or retracement against the main trend. Current Wave: The analysis suggests that the price is currently in a corrective wave (2), following an impulsive wave (1). Potential Target: Based on the wave counts, there is a potential for further upward movement once the current corrective wave completes. However, specific price targets are not provided in this analysis. Key Levels: Invalidation Level: A key level to watch is the "Invalidation Level" marked on the chart. If the price breaks below this level, the current wave count may be invalidated, suggesting a different interpretation of the market structure. I am not Sebi registered analyst. My studies are for educational purpose only. Please Consult your financial advisor before trading or investing. I am not responsible for any kinds of your profits and your losses. Most investors treat trading as a hobby because they have a full-time job doing something else. However, If you treat trading like a business, it will pay you like a business. If you treat like a hobby, hobbies don't pay, they cost you...! Hope this post is helpful to community Thanks RK💕 Disclaimer and Risk Warning. The analysis and discussion provided on in.tradingview.com is intended for educational purposes only and should not be relied upon for trading decisions. RK_Charts is not an investment adviser and the information provided here should not be taken as professional investment advice. Before buying or selling any investments, securities, or precious metals, it is recommended that you conduct your own due diligence. RK_Charts does not share in your profits and will not take responsibility for any losses you may incur. So Please Consult your financial advisor before trading or investing.
NSE:RELIANCE
by RK_Chaarts
RELIANCE : BET ON FNO AND SWINGTechnical Analysis of Reliance Industries on 1-Hour Chart Overview of the Chart The chart represents Reliance Industries on the 1-hour timeframe , highlighting key concepts such as CHoCH (Change of Character), demand zones, and the golden retracement zone. Tools Used: Price Action : Key highs/lows, retracement zones. Demand Zones : Mitigated demand areas. Golden Retracement Zone : Optimal entry for Wave B based on Fibonacci levels. Swing Target : Projected target for Wave C. Key Levels and Concepts Explained Extended Retracement Zone (Deep Retracement): ₹1,261.20 – ₹1,252.70 This zone marks a potential support area for buyers after a correction in Wave A to B. Buying Tip: Look for reversal signs in this zone. Stop Loss: Below ₹1,252.70 to manage risk effectively. Golden Retracement Zone (Wave B): ₹1,241.30 – ₹1,261.20 Located at the 61.8% Fibonacci retracement level, a high-probability area for a reversal upward. Buying Strategy: Enter within this zone if price shows bullish signs like engulfing patterns or pin bars. Stop Loss: Just below ₹1,241.30. Target: Swing high at ₹1,341 – ₹1,354 (Wave C). CHoCH Zones: Failed CHoCH: Price rejected near ₹1,273.75 and corrected lower. Demand Zone: Strong demand needs to emerge at ₹1,261.20 for a reversal upward. Tip: Look for bullish confirmation near demand zones or the golden retracement. Swing Target Zone: ₹1,341 – ₹1,354 Represents the projected target for Wave C if the retracement zone holds. Partial Profit Tip: Book profits near ₹1,341 – ₹1,354 and trail stops for further upside. Stop Loss Strategy Stop Loss on Failure: Below ₹1,241.30. If price closes below this level, the bullish setup is invalid, and traders should exit to limit losses. Buying Tips at Key Levels Primary Buy Zone: ₹1,241.30 – ₹1,261.20 (Golden Retracement) Look for bullish confirmation like pin bars, engulfing candles. Stop Loss: Below ₹1,241.30. Target: ₹1,341 – ₹1,354. Aggressive Buy Option: ₹1,261.20 Scale into positions near mitigated demand with tight stop losses. Key Observations Wave Structure: Price is in Wave B (corrective phase), aiming for an upward Wave C. Demand Zone: Buyer defense at the golden retracement confirms bullish outlook. Risk Management: Always use stop losses to avoid significant drawdowns. Summary of Key Levels Key Levels Actions ₹1,241.30 – ₹1,261.20 Buy Zone (Golden Retracement) Below ₹1,241.30 Stop Loss ₹1,341 – ₹1,354 Swing Target Zone By following this plan, traders can align with price structure, optimize risk-to-reward, and trade effectively.
NSE:RELIANCELong
by LiveTradingBox
RIL S/R for 20/12/24Support and Resistance Levels: Support Levels: These are price points (green line/shade) where a downward trend may be halted due to a concentration of buying interest. Imagine them as a safety net where buyers step in, preventing further decline. Resistance Levels: Conversely, resistance levels (red line/shade) are where upward trends might stall due to increased selling interest. They act like a ceiling where sellers come in to push prices down. Breakouts: Bullish Breakout: When the price moves above resistance, it often indicates strong buying interest and the potential for a continued uptrend. Traders may view this as a signal to buy or hold. Bearish Breakout: When the price falls below support, it can signal strong selling interest and the potential for a continued downtrend. Traders might see this as a cue to sell or avoid buying. MA Ribbon (EMA 20, EMA 50, EMA 100, EMA 200) : Above EMA: If the stock price is above the EMA, it suggests a potential uptrend or bullish momentum. Below EMA: If the stock price is below the EMA, it indicates a potential downtrend or bearish momentum. Trendline: A trendline is a straight line drawn on a chart to represent the general direction of a data point set. Uptrend Line: Drawn by connecting the lows in an upward trend. Indicates that the price is moving higher over time. Acts as a support level, where prices tend to bounce upward. Downtrend Line: Drawn by connecting the highs in a downward trend. Indicates that the price is moving lower over time. It acts as a resistance level, where prices tend to drop. Disclaimer: I am not a SEBI registered. The information provided here is for learning purposes only and should not be interpreted as financial advice. Consider the broader market context and consult with a qualified financial advisor before making investment decisions.
NSE:RELIANCE
by zenthosh