To analyze the levels for Reliance Industries on a 4-hour chart, you would typically look for key support and resistance levels, trend lines, and any significant price patterns. Here’s a general approach you can take:
Identify Support and Resistance Levels: Look for historical price points where the stock has reversed direction. These can be horizontal lines where the price has bounced off multiple times.
Trend Analysis: Determine the overall trend by looking at the highs and lows. If the price is making higher highs and higher lows, it’s in an uptrend, and vice versa for a downtrend.
Moving Averages: Use moving averages (like the 50-period or 200-period) to identify the trend direction and potential support/resistance levels.
Chart Patterns: Look for any recognizable patterns such as head and shoulders, triangles, or flags that could indicate future price movements.
Volume Analysis: Check the volume at key levels to confirm the strength of a move. High volume at a breakout level can indicate a strong move.
Indicators: Consider using technical indicators like RSI, MACD, or Bollinger Bands to gain additional insights into momentum and potential reversals
Informasi dan publikasi tidak dimaksudkan untuk menjadi, dan bukan merupakan saran keuangan, investasi, perdagangan, atau rekomendasi lainnya yang diberikan atau didukung oleh TradingView. Baca selengkapnya di Persyaratan Penggunaan.