Here is the full structured checklist review for RELIANCE Futures (Lot Size = 500)
using AI.
RELIANCE Futures - Strong Breakout | Sector Aligned | Dip Opportunity 1440-1460
🗓️ 1️⃣ Week & Month Check
Weekly Chart:
✅ Positive momentum → clear rising structure
✅ No falling MA → 20 EMA starting to rise again, 10 EMA supportive
✅ RSI Weekly ~69 → strong → near breakout zone
✅ Volume → moderate, no exhaustion
Monthly Chart:
✅ Overall trend supportive, no falling MA
⚠️ Monthly RSI ~59 → mid-range → room to expand
✅ Price holding above key MAs → bullish base building
✅ Week & Month → Strong base breakout potential
✅ 2️⃣ Daily TF
Squeeze breakout → ✅ YES → clean consolidation breakout visible
Change in polarity → partial → may test 1450-1460 again
RSI 60 cross → ✅ YES
Wedge break → ✅ → small wedge resolved
Relative volume → ✅ huge spike on breakout day → strong confirmation
✅ Daily → Strong breakout action
⏱️ 3️⃣ 125min TF
RSI not above 80 → ⚠️ Borderline → ~80.5 → caution
Price structure → ✅ Breakout validated → sustained above 1463
125min Verdict: ⚠️ Slight caution → RSI extended → not ideal for fresh full size entry → look for dip
⏱️ 4️⃣ 75min TF
RSI healthy → ⚠️ ~74 → slightly extended → similar caution
Price structure → ✅ Higher highs / higher lows
8–21 EMA aligned → ✅ YES
75min Verdict: ⚠️ Slight caution → better to enter on dip
⏰ 5️⃣ 20min TF
RSI not above 80 → ✅ ~67
Price above 1st 20min high → ✅ yes
CVD positive & rising → ✅ clear CVD strength
Breakout volume supportive → ✅ excellent volume
Sector aligned → ✅ Nifty Oil & Gas RSI > 67 and rising → sector supporting move
✅ 20min → Entry acceptable but caution as higher TFs extended
📊 6️⃣ TPO Profile (30min)
POC shifting higher → ✅ clearly seen
Untested area below → ✅ ~1420-1440 strong support → LVN present
✅ TPO → Very supportive
Final Checklist Summary:
Component Status
Week & Month ✅ Strong
Daily TF ✅ Strong
125min TF ⚠️ Slight caution, RSI high
75min TF ⚠️ Slight caution, RSI high
20min TF ✅ Strong
TPO Profile ✅ Strong
Sector ✅ Supportive (Nifty Oil & Gas strong)
🎯 Actionable Trade Plan - RELIANCE Futures
Parameter Value
Entry Zone 1440–1460 (ideal dip zone → near TPO LVN + polarity retest)
Aggressive Entry Current zone 1467 → reduced size only if intraday strong
Stop Below 1420
Target 1 1500
Target 2 1550
Lot Size 500
🔔 Execution Guidance:
→ Do NOT chase highs full size → RSI high on higher TFs
→ Best to enter on dip 1440-1460 zone → matches TPO + polarity zone → ideal R/R
→ If entering now (~1467+), use small size + tight trailing
Tactical Insights:
✅ Best R zone: ₹1440 → gives strong 3R to T1 and 5.5R to T2
✅ Acceptable: ₹1460 okay if sector continues strong
⚠️ Chase level: ₹1467 → reduced size → high TF RSI elevated
Summary Action:
→ Wait for dip to 1440–1460 zone → ideal R/R
→ If entering now (~1467), partial size + tight trailing mandatory
Conclusion:
RELIANCE Futures offers a high probability dip-buy opportunity with strong sector tailwind. Patience for entry near 1440-1460 will offer best risk/reward. Sector and CVD both confirm trend strength.
Hashtags:
#RelianceFutures #NiftyOilGas #BreakoutTrading #MultiTimeFrameAnalysis #FuturesTrading #PriceAction #TPOProfile #RelativeVolume #TradingSetup #LearningPurpose #ResearchOnly
Disclosure:
This idea is shared purely for learning and research purposes. It is not trading advice and I am not a SEBI registered analyst. Please do your own research and consult with a qualified advisor before taking any trades based on this post.
using AI.
RELIANCE Futures - Strong Breakout | Sector Aligned | Dip Opportunity 1440-1460
🗓️ 1️⃣ Week & Month Check
Weekly Chart:
✅ Positive momentum → clear rising structure
✅ No falling MA → 20 EMA starting to rise again, 10 EMA supportive
✅ RSI Weekly ~69 → strong → near breakout zone
✅ Volume → moderate, no exhaustion
Monthly Chart:
✅ Overall trend supportive, no falling MA
⚠️ Monthly RSI ~59 → mid-range → room to expand
✅ Price holding above key MAs → bullish base building
✅ Week & Month → Strong base breakout potential
✅ 2️⃣ Daily TF
Squeeze breakout → ✅ YES → clean consolidation breakout visible
Change in polarity → partial → may test 1450-1460 again
RSI 60 cross → ✅ YES
Wedge break → ✅ → small wedge resolved
Relative volume → ✅ huge spike on breakout day → strong confirmation
✅ Daily → Strong breakout action
⏱️ 3️⃣ 125min TF
RSI not above 80 → ⚠️ Borderline → ~80.5 → caution
Price structure → ✅ Breakout validated → sustained above 1463
125min Verdict: ⚠️ Slight caution → RSI extended → not ideal for fresh full size entry → look for dip
⏱️ 4️⃣ 75min TF
RSI healthy → ⚠️ ~74 → slightly extended → similar caution
Price structure → ✅ Higher highs / higher lows
8–21 EMA aligned → ✅ YES
75min Verdict: ⚠️ Slight caution → better to enter on dip
⏰ 5️⃣ 20min TF
RSI not above 80 → ✅ ~67
Price above 1st 20min high → ✅ yes
CVD positive & rising → ✅ clear CVD strength
Breakout volume supportive → ✅ excellent volume
Sector aligned → ✅ Nifty Oil & Gas RSI > 67 and rising → sector supporting move
✅ 20min → Entry acceptable but caution as higher TFs extended
📊 6️⃣ TPO Profile (30min)
POC shifting higher → ✅ clearly seen
Untested area below → ✅ ~1420-1440 strong support → LVN present
✅ TPO → Very supportive
Final Checklist Summary:
Component Status
Week & Month ✅ Strong
Daily TF ✅ Strong
125min TF ⚠️ Slight caution, RSI high
75min TF ⚠️ Slight caution, RSI high
20min TF ✅ Strong
TPO Profile ✅ Strong
Sector ✅ Supportive (Nifty Oil & Gas strong)
🎯 Actionable Trade Plan - RELIANCE Futures
Parameter Value
Entry Zone 1440–1460 (ideal dip zone → near TPO LVN + polarity retest)
Aggressive Entry Current zone 1467 → reduced size only if intraday strong
Stop Below 1420
Target 1 1500
Target 2 1550
Lot Size 500
🔔 Execution Guidance:
→ Do NOT chase highs full size → RSI high on higher TFs
→ Best to enter on dip 1440-1460 zone → matches TPO + polarity zone → ideal R/R
→ If entering now (~1467+), use small size + tight trailing
Tactical Insights:
✅ Best R zone: ₹1440 → gives strong 3R to T1 and 5.5R to T2
✅ Acceptable: ₹1460 okay if sector continues strong
⚠️ Chase level: ₹1467 → reduced size → high TF RSI elevated
Summary Action:
→ Wait for dip to 1440–1460 zone → ideal R/R
→ If entering now (~1467), partial size + tight trailing mandatory
Conclusion:
RELIANCE Futures offers a high probability dip-buy opportunity with strong sector tailwind. Patience for entry near 1440-1460 will offer best risk/reward. Sector and CVD both confirm trend strength.
Hashtags:
#RelianceFutures #NiftyOilGas #BreakoutTrading #MultiTimeFrameAnalysis #FuturesTrading #PriceAction #TPOProfile #RelativeVolume #TradingSetup #LearningPurpose #ResearchOnly
Disclosure:
This idea is shared purely for learning and research purposes. It is not trading advice and I am not a SEBI registered analyst. Please do your own research and consult with a qualified advisor before taking any trades based on this post.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.