RELIANCE Futures - Strong Breakout | Sector Aligned |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.
