Trade Idea: $NSE:RELIANCE for Next Week
Hello, Traders! 👋
#RELIANCE is shaping up as an interesting watch for the coming week:
📈 Technical Overview:
🔹 Weekly Retracement Level: Trading near the golden zone, a key area for potential reversal.
🔹 Daily Supply Zone Confluence: Overlapping supply zone could act as a critical resistance.
🔹 1-Hour Liquidity Sweep: Potential for a liquidity grab before resuming an upward move.
💡 Plan of Action:
Keep a close eye on price action around these levels. A confirmed breakout or rejection could set the direction for the next move.
⚠️ Disclaimer:
🔹 This analysis reflects my personal views and is not a recommendation to buy or sell.
🔹 Please conduct your own research or consult a professional before trading.
What’s your outlook on #RELIANCE for next week? Let’s discuss! 🚀
#StockAnalysis #TradingView #TechnicalAnalysis #MomentumStocks #RELIANCE
#RELIANCE is shaping up as an interesting watch for the coming week:
📈 Technical Overview:
🔹 Weekly Retracement Level: Trading near the golden zone, a key area for potential reversal.
🔹 Daily Supply Zone Confluence: Overlapping supply zone could act as a critical resistance.
🔹 1-Hour Liquidity Sweep: Potential for a liquidity grab before resuming an upward move.
💡 Plan of Action:
Keep a close eye on price action around these levels. A confirmed breakout or rejection could set the direction for the next move.
⚠️ Disclaimer:
🔹 This analysis reflects my personal views and is not a recommendation to buy or sell.
🔹 Please conduct your own research or consult a professional before trading.
What’s your outlook on #RELIANCE for next week? Let’s discuss! 🚀
#StockAnalysis #TradingView #TechnicalAnalysis #MomentumStocks #RELIANCE
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