IQInvest
Sign in

Tools · RELIANCE.NS

Reliance Industries Limited, taken apart.

Four panels built from the reported annual accounts, then the rest of the engine. Every figure below is Reliance Industries Limited’s own filing, not an estimate of ours.

Chart patterns

6 months of closes

Detected 2 patterns. Bearish patterns dominate.

Formations detected in the price series, with the textbook reading of each. Not a recommendation.
PatternDirectionConfidenceWhat it isConventional reading
Double TopBearishModerateTwo peaks at similar price levels suggest resistanceIn the textbook telling, this formation often precedes a decline. A convention, not a recommendation.
Head and ShouldersBearishHighClassic reversal pattern with three peaksIn the textbook telling, this formation often precedes a decline. A convention, not a recommendation.

Chart patterns describe what the price has already done. They are widely followed, which is part of why they sometimes work, and they are not part of the IQInvest grade.

The rest of the engine

The panels above are built from filings. These run against the live engine.