🚀 Trading Opportunity: Reliance Industries Ltd. (NSE: RELIANCE) -
⏱️ Timeframe: 1 Day (1D)
💰 Current Price: ₹1,175.60
🎯 Swing Target Zone: ₹1,374 - ₹1,565 🏆
🛡️ Support Level: ₹1,182.10
🛑 Stop Loss: ₹1,159.00 (Day Close Below) 📉
🔍 Wave Analysis:
📈 The chart indicates a completed corrective wave (primary) 5 on the daily chart. This suggests a potential end to the downtrend and the start of an upward move.
🔄 We observe a corrective wave (A), followed by a potential reversal at (B), and a completed intermediate correction wave 5.
💥 The breakout at point (2) signals the start of wave (C), aiming for the swing target zone of ₹1,374-₹1,565. 🎯
💪 Current support near ₹1,182.10.
⚠️ Daily close below ₹1,159.00 invalidates the wave count and the setup. ❌
📊 Strategy:
✅ Entry: Enter near current market prices (around ₹1,175.60). 🛒
🔒 Risk Management: Set stop loss at ₹1,159.00 (daily close) to limit downside. 📉
💸 Exit: Aim for profits within the swing target zone of ₹1,374-₹1,565, aligning with the wave (C) target. 🏆
#Trading 📈 #StockMarket 💰 #RELIANCE 🏭 #TechnicalAnalysis 🧐 #Investing 💼 #ElliottWave
⚠️ Disclaimer: I am not a financial adviser; please consult one. Don't share information that can identify you. ⚠️
⏱️ Timeframe: 1 Day (1D)
💰 Current Price: ₹1,175.60
🎯 Swing Target Zone: ₹1,374 - ₹1,565 🏆
🛡️ Support Level: ₹1,182.10
🛑 Stop Loss: ₹1,159.00 (Day Close Below) 📉
🔍 Wave Analysis:
📈 The chart indicates a completed corrective wave (primary) 5 on the daily chart. This suggests a potential end to the downtrend and the start of an upward move.
🔄 We observe a corrective wave (A), followed by a potential reversal at (B), and a completed intermediate correction wave 5.
💥 The breakout at point (2) signals the start of wave (C), aiming for the swing target zone of ₹1,374-₹1,565. 🎯
💪 Current support near ₹1,182.10.
⚠️ Daily close below ₹1,159.00 invalidates the wave count and the setup. ❌
📊 Strategy:
✅ Entry: Enter near current market prices (around ₹1,175.60). 🛒
🔒 Risk Management: Set stop loss at ₹1,159.00 (daily close) to limit downside. 📉
💸 Exit: Aim for profits within the swing target zone of ₹1,374-₹1,565, aligning with the wave (C) target. 🏆
#Trading 📈 #StockMarket 💰 #RELIANCE 🏭 #TechnicalAnalysis 🧐 #Investing 💼 #ElliottWave
⚠️ Disclaimer: I am not a financial adviser; please consult one. Don't share information that can identify you. ⚠️
Trade geschlossen: Ziel wurde erreicht
lawlessly found support at my levels, held strong above the close, and soared higher after hitting the target.
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Haftungsausschluss
Die Informationen und Veröffentlichungen sind nicht als Finanz-, Anlage-, Handels- oder andere Arten von Ratschlägen oder Empfehlungen gedacht, die von TradingView bereitgestellt oder gebilligt werden, und stellen diese nicht dar. Lesen Sie mehr in den Nutzungsbedingungen.