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
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Structure assessed from earliest reliable data
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Long-term rising channel structure observed
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Price continues to respect higher-timeframe structural boundaries
Market Context
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Historical transition from early accumulation to sustained expansion
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Post-2009 phase shows structural stability with orderly progression
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No structural breakdown visible on the higher timeframe
Key Zones & Levels
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Upper channel: long-term expansion boundary
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Median structure: trend continuity zone
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Lower channel: higher-timeframe structural support
(Exact price levels intentionally avoided — structure-first approach)
Expected Behaviour
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Continuation remains valid while structure holds
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Sideways-to-upward progression within the rising channel
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Consolidations are structural, not disruptive, at this stage
Invalidation / Risk Levels
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Structural damage only if sustained acceptance below long-term rising support
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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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