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+.
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Отказ от ответственности
Информация и публикации не предназначены для предоставления и не являются финансовыми, инвестиционными, торговыми или другими видами советов или рекомендаций, предоставленных или одобренных TradingView. Подробнее читайте в Условиях использования.