RELIANCE INDUSTRIES (30-min, NSE) based strictly on the chart you shared.
📊 RELIANCE INDUSTRIES LTD – TECHNICAL & TRADE VIEW
🔹 CMP (Approx): ₹1,544
🔹 Chart Timeframe: 30 Minutes
1️⃣ TREND ANALYSIS
🔻 Short-Term Trend
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Trend: Bearish
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Price is making lower highs & lower lows
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Trading below EMA cluster
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Falling channel visible → confirms downtrend
🔁 Medium-Term Trend
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Trend: Sideways to Bearish
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Repeated failure near ₹1,555–1,560
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Distribution seen on higher levels
🔼 Long-Term Trend
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Trend: Neutral to Mildly Bullish
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Long-term structure still safe above ₹1,500
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Trend weakens only below ₹1,500
2️⃣ INDICATOR VIEW
📉 EMA (9 / 21 / 50)
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Price below all key EMAs
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EMAs acting as dynamic resistance
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Any rise likely to face selling pressure
📊 RSI (14)
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RSI around 37–39
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Below 50 → weak momentum
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Not oversold → downside still open
👉 Indicator Verdict:
Momentum favors SELL on rise, not aggressive buying.
3️⃣ SUPPORT & RESISTANCE (FACT LEVELS)
🟢 SUPPORT ZONES
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Immediate: ₹1,540 – ₹1,535
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Major: ₹1,520 – ₹1,510
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Breakdown below ₹1,520 → fast selling possible
🔴 RESISTANCE ZONES
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Immediate: ₹1,550 – ₹1,555
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Major: ₹1,565 – ₹1,575
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Trend reversal only above ₹1,575
4️⃣ TRADE SETUP – TARGET & STOP LOSS
🔴 SELL SETUP (PROFITABLE SIDE – PREFERRED)
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Sell Zone: ₹1,548 – ₹1,555
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Target 1: ₹1,535
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Target 2: ₹1,520
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Stop Loss: ₹1,565 (closing basis)
Reason:
Downtrend + EMA rejection + RSI below 50
🟢 BUY SETUP (ONLY ON CONFIRMATION)
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Buy Only Above: ₹1,575 (sustain)
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Target: ₹1,595 – ₹1,610
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Stop Loss: ₹1,555
Reason:
Breakout above channel + EMA recovery
5️⃣ WHICH SIDE MAKES PROFIT?
| Timeframe | Profitable Side |
|---|---|
| Short Term | SELL on rise |
| Medium Term | Sell / Range trade |
| Long Term | Buy only on dips near ₹1,500 |
6️⃣ MULTI-TIMEFRAME SUMMARY
🕒 Short Term (1–3 days)
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Bias: Bearish
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Strategy: Sell near resistance
🕒 Medium Term (1–3 weeks)
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Bias: Range-bound with negative tilt
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Range: ₹1,500 – ₹1,580
🕒 Long Term (Positional)
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Bias: Neutral
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Bullish only above ₹1,600
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Strong support near ₹1,480–1,500
7️⃣ FINAL TECHNICAL VERDICT
✔ Trend is bearish
✔ Indicators support selling pressure
✔ Sell on rise is safer strategy
✔ Avoid buying without breakout confirmation
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