Reliance Setup: Confluence Zone Signals Potential Upside

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Reliance – Technical View

Reliance has shown an initial structure breakout, indicating emerging strength.

However, for safe traders, it is advisable to wait for a clear confirmation breakout above the confluence zone.

Key Resistance Zone: 1435 – 1445
This range is crucial as it aligns with both:
• Channel resistance
• Fibonacci retracement level

Breakout Scenario:
A decisive move above this zone can open the path towards 1480 and 1540 levels.

Wait for confirmation, trade with discipline, and follow the structure.

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