Market Structure: Reliance remains in a bearish structure, forming successive lower trading ranges and breakdowns.
Key Levels
Current Support Box: ₹1,120–₹1,150
Immediate Resistance: ₹1,230
Trading Scenarios
📈 Bullish Setup: A sustained daily close above ₹1,230, followed by a successful retest, may signal a recovery.
📉 Bearish Setup: A decisive daily close below ₹1,120, followed by a failed retest, may indicate further downside.
Risk Management: Avoid premature entries within the box. Define stop-loss and position size before trading. Levels are chart-based estimates, not guaranteed outcomes. This report is for educational purposes only.
Note - Not exactly box theory but perfectly range trading setup.
Key Levels
Current Support Box: ₹1,120–₹1,150
Immediate Resistance: ₹1,230
Trading Scenarios
📈 Bullish Setup: A sustained daily close above ₹1,230, followed by a successful retest, may signal a recovery.
📉 Bearish Setup: A decisive daily close below ₹1,120, followed by a failed retest, may indicate further downside.
Risk Management: Avoid premature entries within the box. Define stop-loss and position size before trading. Levels are chart-based estimates, not guaranteed outcomes. This report is for educational purposes only.
Note - Not exactly box theory but perfectly range trading setup.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.