RELIANCE LTD – 1H TIME FRAME ANALYSIS

6月1日

📊 RELIANCE – 1H TIME FRAME ANALYSIS

A symmetrical triangle pattern is forming on Reliance's 1-hour chart, showing a consolidation phase. This pattern is neutral in nature, meaning a breakout can occur in either direction, but the setup provides a great opportunity for a breakout trade.

The price is now at the apex of the triangle, indicating a potential breakout in the upcoming sessions. Watch for a strong move backed by volume.

TRADE PLAN :

Chart Pattern: Symmetrical Triangle
Timeframe: 1 Hour
Stock: Reliance Industries Ltd (NSE)

🔼 Long Trade (Breakout above 1430.55)

Entry: Above 1,430.55 (candle close with volume confirmation)

Target 1: 1,458.35

Target 2: 1,479.35

Stop Loss: Below 1,417

🔽 Short Trade (Breakdown below trendline):

Entry: Below triangle breakdown with strong red candle

Target 1: 1,397.55

Target 2: 1,368.25

Stop Loss: Above 1,430

Note: Avoid entering during the triangle zone. Trade only post-confirmation of breakout/breakdown with volume.

Disclaimer: This analysis is for educational purposes only. Please consult your financial advisor before making any trading decisions.

6月2日

交易進行

BREAKDOWN HAPPEN AND STRONGLY TAKEN SUPPORT 1397 LEVEL LOOKS LIKE A BEAR TRAP, WAITING FOR PROPPER BREAKOUT ON DAILY TIME FRAME FOR BETTER UP SIDE MOVE

6月5日

註釋

target 1 hit
lastly update about bear trade was right. perfectly reversed from the support zone