RELIANCE 1H Time frame

Price Movement (1H Candles)

Reliance is trading around ₹1,381 – ₹1,383.

On the 1-hour chart, candles are showing sideways consolidation between ₹1,375 (support) and ₹1,385 (resistance).

This tells us that buyers and sellers are in balance, waiting for a breakout.

2️⃣ Support & Resistance Zones

Immediate Support: ~₹1,375 → If this breaks, price may slip toward ₹1,360.

Stronger Support: ~₹1,345 – ₹1,340 → A key zone where buyers may return strongly.

Immediate Resistance: ~₹1,385 → A breakout above can open the way to ₹1,395 – ₹1,400.

Major Resistance: ~₹1,415 – ₹1,420 → If crossed, trend becomes strongly bullish.

3️⃣ Indicators (1H View)

20 EMA: Very close to current price, showing consolidation.

50 EMA: Just below current levels, acting as dynamic support.

200 EMA: Much lower, confirming long-term uptrend is intact.

RSI: Neutral (around 50) → market is not overbought, not oversold.

MACD: Flat → no clear momentum yet, waiting for direction.

4️⃣ Trend Explanation

Right now, the 1-hour trend is neutral to mildly bullish.

If Reliance holds above ₹1,375 – ₹1,360, bulls remain in control.

A move above ₹1,385 with volume can trigger a rally toward ₹1,400+.

But if Reliance breaks below ₹1,360, weakness may appear, and the next fall could be toward ₹1,340.

5️⃣ Conclusion (1H Time Frame)

Sideways Phase: Reliance is consolidating in a narrow band.

Bullish Signal: Above ₹1,385 with good buying volume.

Bearish Signal: Below ₹1,375, deeper support around ₹1,360.

Traders should wait for a breakout or breakdown before taking big positions.