RIIL 1D: Dynamic Support Rebound & Trendline Breakout Setup
Reliance Industrial Infrastructure Limited (
RIIL) on the daily timeframe is currently trading near 786.10 (+6.55%). Price has staged a clean rebound off its DAILY SUPPORT TRENDLINE, making higher lows and advancing toward the overhead descending WEEKLY TREND LINE.
Key Support Zone: 760.00 – 780.00 (Dynamic Support Trendline Alignment & Rebound Area).
Stop-Loss / Invalidation Level: Below 716.20 on a daily closing basis, marked as structural stop-loss protection against a breakdown of the daily support structure.
Immediate Hurdle: 809.55 – 819.45 (Intersecting Overhead Weekly Trendline Resistance).
Sequential Overhead Resistance Targets:
Target 1: 838.80 – 863.70 (First Supply Band & Intermediate High)
Target 2: 920.00 – 935.20 (Key Structural Resistance Zone)
Target 3: 960.00 (Intermediate Expansion Target)
Major Target: 1,014.70 – 1,040.00 (Upper Liquidity & Range Highs)
Trade Plan:
Long momentum remains favored as long as price holds above the 716.20 stop-loss level and respects the daily support trendline. A decisive daily candle close above the 809.55 – 819.45 weekly trendline zone confirms bullish expansion toward 863.70 and 935.20+.
RIIL) on the daily timeframe is currently trading near 786.10 (+6.55%). Price has staged a clean rebound off its DAILY SUPPORT TRENDLINE, making higher lows and advancing toward the overhead descending WEEKLY TREND LINE.Key Support Zone: 760.00 – 780.00 (Dynamic Support Trendline Alignment & Rebound Area).
Stop-Loss / Invalidation Level: Below 716.20 on a daily closing basis, marked as structural stop-loss protection against a breakdown of the daily support structure.
Immediate Hurdle: 809.55 – 819.45 (Intersecting Overhead Weekly Trendline Resistance).
Sequential Overhead Resistance Targets:
Target 1: 838.80 – 863.70 (First Supply Band & Intermediate High)
Target 2: 920.00 – 935.20 (Key Structural Resistance Zone)
Target 3: 960.00 (Intermediate Expansion Target)
Major Target: 1,014.70 – 1,040.00 (Upper Liquidity & Range Highs)
Trade Plan:
Long momentum remains favored as long as price holds above the 716.20 stop-loss level and respects the daily support trendline. A decisive daily candle close above the 809.55 – 819.45 weekly trendline zone confirms bullish expansion toward 863.70 and 935.20+.
כתב ויתור
המידע והפרסומים אינם מיועדים להיות, ואינם מהווים, ייעוץ או המלצה פיננסית, השקעתית, מסחרית או מכל סוג אחר המסופקת או מאושרת על ידי TradingView. קרא עוד ב־תנאי השימוש.
כתב ויתור
המידע והפרסומים אינם מיועדים להיות, ואינם מהווים, ייעוץ או המלצה פיננסית, השקעתית, מסחרית או מכל סוג אחר המסופקת או מאושרת על ידי TradingView. קרא עוד ב־תנאי השימוש.