Reliance: Big Stock, Big Structure, Slow DecisionsReliance Industries is trading within a well-defined long-term rising channel on the higher timeframe.
The recent decline looks like a pullback within structure, not a breakdown. Price is currently in the upper-to-mid part of the channel, leaving room for mean reversion toward the major rising trendline support.
This is not a fast-moving stock, and such moves usually take time and patience. The expectation is not an immediate fall, but a gradual drift or consolidation that may eventually bring price closer to the long-term support zone.
Until price reaches that zone, the chart remains a wait-and-watch setup. The real decision-making area lies near the lower trendline, where price reaction will matter more than prediction.
