RELIANCE Futures - Strong Breakout | Sector Aligned |

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RELIANCE Futures - Strong Breakout | Sector Aligned |RELIANCE INDS FUTURESNSE:RELIANCE1!Sindbad_the_traderHere is the full structured checklist review for RELIANCE Futures (Lot Size = 500) using AI. RELIANCE Futures - Strong Breakout | Sector Aligned | Dip Opportunity 1440-1460 πŸ—“οΈ 1️⃣ Week & Month Check Weekly Chart: βœ… Positive momentum β†’ clear rising structure βœ… No falling MA β†’ 20 EMA starting to rise again, 10 EMA supportive βœ… RSI Weekly ~69 β†’ strong β†’ near breakout zone βœ… Volume β†’ moderate, no exhaustion Monthly Chart: βœ… Overall trend supportive, no falling MA ⚠️ Monthly RSI ~59 β†’ mid-range β†’ room to expand βœ… Price holding above key MAs β†’ bullish base building βœ… Week & Month β†’ Strong base breakout potential βœ… 2️⃣ Daily TF Squeeze breakout β†’ βœ… YES β†’ clean consolidation breakout visible Change in polarity β†’ partial β†’ may test 1450-1460 again RSI 60 cross β†’ βœ… YES Wedge break β†’ βœ… β†’ small wedge resolved Relative volume β†’ βœ… huge spike on breakout day β†’ strong confirmation βœ… Daily β†’ Strong breakout action ⏱️ 3️⃣ 125min TF RSI not above 80 β†’ ⚠️ Borderline β†’ ~80.5 β†’ caution Price structure β†’ βœ… Breakout validated β†’ sustained above 1463 125min Verdict: ⚠️ Slight caution β†’ RSI extended β†’ not ideal for fresh full size entry β†’ look for dip ⏱️ 4️⃣ 75min TF RSI healthy β†’ ⚠️ ~74 β†’ slightly extended β†’ similar caution Price structure β†’ βœ… Higher highs / higher lows 8–21 EMA aligned β†’ βœ… YES 75min Verdict: ⚠️ Slight caution β†’ better to enter on dip ⏰ 5️⃣ 20min TF RSI not above 80 β†’ βœ… ~67 Price above 1st 20min high β†’ βœ… yes CVD positive & rising β†’ βœ… clear CVD strength Breakout volume supportive β†’ βœ… excellent volume Sector aligned β†’ βœ… Nifty Oil & Gas RSI > 67 and rising β†’ sector supporting move βœ… 20min β†’ Entry acceptable but caution as higher TFs extended πŸ“Š 6️⃣ TPO Profile (30min) POC shifting higher β†’ βœ… clearly seen Untested area below β†’ βœ… ~1420-1440 strong support β†’ LVN present βœ… TPO β†’ Very supportive Final Checklist Summary: ComponentStatus Week & Monthβœ… Strong Daily TFβœ… Strong 125min TF⚠️ Slight caution, RSI high 75min TF⚠️ Slight caution, RSI high 20min TFβœ… Strong TPO Profileβœ… Strong Sectorβœ… Supportive (Nifty Oil & Gas strong) 🎯 Actionable Trade Plan - RELIANCE Futures ParameterValue Entry Zone1440–1460 (ideal dip zone β†’ near TPO LVN + polarity retest) Aggressive EntryCurrent zone 1467 β†’ reduced size only if intraday strong StopBelow 1420 Target 11500 Target 21550 Lot Size500 πŸ”” Execution Guidance: β†’ Do NOT chase highs full size β†’ RSI high on higher TFs β†’ Best to enter on dip 1440-1460 zone β†’ matches TPO + polarity zone β†’ ideal R/R β†’ If entering now (~1467+), use small size + tight trailing Tactical Insights: βœ… Best R zone: β‚Ή1440 β†’ gives strong 3R to T1 and 5.5R to T2 βœ… Acceptable: β‚Ή1460 okay if sector continues strong ⚠️ Chase level: β‚Ή1467 β†’ reduced size β†’ high TF RSI elevated Summary Action: β†’ Wait for dip to 1440–1460 zone β†’ ideal R/R β†’ 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.