🚀 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. ⚠️
Đóng lệnh: đạt mục tiêu
lawlessly found support at my levels, held strong above the close, and soared higher after hitting the target.
Thông báo miễn trừ trách nhiệm
Thông tin và ấn phẩm không có nghĩa là và không cấu thành, tài chính, đầu tư, kinh doanh, hoặc các loại lời khuyên hoặc khuyến nghị khác được cung cấp hoặc xác nhận bởi TradingView. Đọc thêm trong Điều khoản sử dụng.
Thông báo miễn trừ trách nhiệm
Thông tin và ấn phẩm không có nghĩa là và không cấu thành, tài chính, đầu tư, kinh doanh, hoặc các loại lời khuyên hoặc khuyến nghị khác được cung cấp hoặc xác nhận bởi TradingView. Đọc thêm trong Điều khoản sử dụng.