Market Structure Research — Not Predictions

Independent, educational analysis using Elliott Wave structure, time-based corrections, and trend context across global markets.

Wednesday, 4 February 2026

NSE – NIFTY 750 | Reliance Industries | 04 Feb 2026

 

Overview

This post is part of the NIFTY 750 Market Structure Census, a long-term, structure-first study of Indian equities.
The focus is on price behaviour and regime evolution, not forecasts or trade setups.

This is a structural update, not a directional call.


Structure Position

  • Structure assessed from earliest reliable data

  • Long-term rising channel structure observed

  • Price continues to respect higher-timeframe structural boundaries


Market Context

  • Historical transition from early accumulation to sustained expansion

  • Post-2009 phase shows structural stability with orderly progression

  • No structural breakdown visible on the higher timeframe


Key Zones & Levels

  • Upper channel: long-term expansion boundary

  • Median structure: trend continuity zone

  • Lower channel: higher-timeframe structural support

(Exact price levels intentionally avoided — structure-first approach)


Expected Behaviour

  • Continuation remains valid while structure holds

  • Sideways-to-upward progression within the rising channel

  • Consolidations are structural, not disruptive, at this stage


Invalidation / Risk Levels

  • Structural damage only if sustained acceptance below long-term rising support

  • Until then, trend integrity remains intact


Conclusion

Reliance Industries continues to display a well-defined long-term rising channel, reflecting structural strength and maturity.
This chart serves as a reference framework, not a prediction model.


https://www.tradingview.com/chart/RELIANCE/ygiDxH1t-NSE-NIFTY-750-Reliance-Industries-04-Feb-2026/


#NIFTY750 #RelianceIndustries #MarketStructure #PriceStructure #IndianEquities #LongTermCharts #EWAVESJOURNAL

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