Reliance in confluence of demand zones- Long Opportunity

6 days ago

Reliance is currently sitting in the weekly and daily demand zones, providing strong support.
weekly zone


Daily zone:


However, the price has yet to reach the 4-hour and 2-hour demand zones, which are located near the bottom of the weekly and daily zones, adding further strength to this area.


For an ideal long entry, wait for the price to touch the 4-hour and 2-hour demand zones, as this will reinforce the potential reversal. Once these zones are tested, a breakout above the key trendline could signal a bullish move. Monitor the trendline breakout as confirmation to take a long position.