RELIANCE: 1300 Median – A Weekly Pivot Point
Disclaimer
The information provided in this chart and accompanying analysis is for educational and informational purposes only. It does not constitute investment advice, recommendations, or an offer to buy or sell any financial instrument.
Important: I am not a SEBI registered Investment Adviser or Research Analyst. The views expressed herein are purely personal observations for educational purposes and should not be construed as professional financial guidance.
Trading and investing in financial markets involve substantial risk, including the potential loss of principal, and are not suitable for every investor. You should carefully consider your financial situation, risk tolerance, and investment objectives, and consult with a qualified, SEBI registered financial advisor before making any investment decisions.
The creator of this chart does not guarantee any specific outcome, profit, or loss, and is not responsible for any direct or indirect losses incurred as a result of using this information. Past performance is not indicative of future results.
This chart has been created for my own personal improvement in Trading and Investment Analysis. Always conduct your own thorough analysis and due diligence before making any investment or trading decisions. Use this information at your own risk.
- Reliance is exhibiting price action within a broad ascending channel, bordered by a clear Trendline Resistance and Trendline Support on the weekly chart.
- The 1300- Median Range acts as a significant pivot point, with the stock repeatedly finding support or resistance at this level.
- The price has recently bounced from the ascending Trendline Support, indicating sustained buying interest at lower levels within the channel.
- A decisive break above the Trendline Resistance would signal further bullish momentum, while a failure to hold the Trendline Support could lead to a test of the 1000 Key Long-term support zone.
Disclaimer
The information provided in this chart and accompanying analysis is for educational and informational purposes only. It does not constitute investment advice, recommendations, or an offer to buy or sell any financial instrument.
Important: I am not a SEBI registered Investment Adviser or Research Analyst. The views expressed herein are purely personal observations for educational purposes and should not be construed as professional financial guidance.
Trading and investing in financial markets involve substantial risk, including the potential loss of principal, and are not suitable for every investor. You should carefully consider your financial situation, risk tolerance, and investment objectives, and consult with a qualified, SEBI registered financial advisor before making any investment decisions.
The creator of this chart does not guarantee any specific outcome, profit, or loss, and is not responsible for any direct or indirect losses incurred as a result of using this information. Past performance is not indicative of future results.
This chart has been created for my own personal improvement in Trading and Investment Analysis. Always conduct your own thorough analysis and due diligence before making any investment or trading decisions. Use this information at your own risk.
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.