Reliance industries ltd. Deep Analysis

Sharing my Analysis on Reliance (RIL). (Only for Education Purpose)

This analysis is based on Higher Time Frame (Daily)


Past Move scenario ----

1. If we see on chart, after 3rd oct. 2024, Price has completed major liquidity sweep below internal lows followed by Market Structure Shift (Marked as MSS) and for that it took 6 months.
2. After that External liquidity sweep been performed near to 1100 levels which is also marked as Extreme POI which triggered an impulse move of 350 points with funds inflow which pushed price to 1451 levels. (Here it just took 1 months only)

Current Move Scenario ----

===upside there we saw volume imbalance + Breaker block where price is making resistance or rejecting upside move.
(Potential Short Term Supply Zone 1450-1488 levels)



Expected Short Term Bias ---

Downside levels --- 1335 (Breaker Block + Discount Zone)

Upside Resistance ---- Cross of Order block range 1496




Expected Long Term Bullish Bias -- Likely after Retracement to downside Vo. Imbalance and + Breaker block

Re-Entry Long Zone - 1335-1350

Upmove expected to 1500 Imbalance levels
above that Final External Liquidity zone to 1560

Steps --- Accumulation ---Expansion ---Re accumulation, targeting External Liquidity.


Everything mentioned on chart itself.
{Above Views are only for Education purpose and do not consider it as any Advisory. Consult your Financial Advisor before investments in any securities.}

YOur Views or Comments are Welcomed.