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Reliance chart patterns
We ran 60 candlestick patterns, chart patterns and indicator signals over Reliance Industries (daily candles from January 2015 and hourly candles from September 2024) and counted 2,998 cases. Here is how often each one reached its target before its stop.
Best on Reliance: bearish marubozu (57% of 21), ema 9/21 bullish cross (49% of 100), tweezer top (46% of 28). Weakest: bearish harami (26% of 23), fibonacci bounce down (28% of 36), volume profile rejection (32% of 108). Most patterns hit the stop more often than the target: that is why the app teaches context and risk, not single signals.
Buy and sell setups, ranked
| Pattern | Found | Target first | Stop first | Went nowhere |
|---|---|---|---|---|
| Bearish marubozu | 21 | 57% | 43% | 0% |
| EMA 9/21 bullish cross | 100 | 49% | 47% | 4% |
| Tweezer top | 28 | 46% | 54% | 0% |
| RSI oversold bounce | 82 | 46% | 51% | 2% |
| Bollinger breakout down | 24 | 46% | 50% | 4% |
| Bullish harami | 35 | 46% | 51% | 3% |
| Bollinger breakout up | 22 | 45% | 55% | 0% |
| OBV bearish divergence | 23 | 43% | 52% | 4% |
| Stochastic bullish cross | 226 | 43% | 56% | 1% |
| Gap down | 88 | 41% | 59% | 0% |
| Gap up | 99 | 40% | 52% | 8% |
| Bearish engulfing | 40 | 40% | 58% | 2% |
| Stochastic bearish cross | 244 | 39% | 56% | 5% |
| MACD bullish cross | 115 | 39% | 55% | 6% |
| Bullish engulfing | 35 | 37% | 60% | 3% |
| Fibonacci bounce up | 22 | 36% | 64% | 0% |
| MACD bearish cross | 124 | 36% | 61% | 2% |
| RSI overbought drop | 98 | 36% | 58% | 6% |
| EMA 9/21 bearish cross | 102 | 35% | 61% | 4% |
| Volume profile bounce | 88 | 33% | 65% | 2% |
| Volume profile rejection | 108 | 32% | 63% | 5% |
| Fibonacci bounce down | 36 | 28% | 67% | 6% |
| Bearish harami | 23 | 26% | 70% | 4% |
Neutral patterns
| Pattern | Found | Broke up | Broke down | Stayed inside |
|---|---|---|---|---|
| Spinning top | 174 | 55% | 44% | 1% |
| Inside bar | 627 | 54% | 46% | 0% |
| Doji | 143 | 47% | 52% | 1% |
Counted by the Trading Class research engine on real past candles: entry at the signal candle's close, target 1.5 × ATR(14), stop 1 × ATR(14), 12 candles to decide, a candle that touches both counts as the stop. How we count. Past data, not a forecast and not advice.
Learn to read Reliance charts
- India: NSE and BSEIn India, shares trade on NSE and BSE from 9:15 until about 3:30, and SEBI is the referee.
- What one candle tells youEvery candle shows four prices: where it started, its highest, its lowest and where it finished.
- Bodies and wicks: the tug of warA big body means one side won; a long wick means a push that got pushed back.
- The hammerA hammer after a fall shows sellers pushed hard but buyers pushed the price back up.
- Rule one: stay in the gameLose half your money and you must double what is left just to get back to the start.
- The stop-loss: decide your exit firstA stop-loss is the price where your idea is wrong, and you choose it before you enter.
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Questions
Which pattern worked best on Reliance?
In our count the bearish marubozu reached its target first most often on Reliance: 57% of 21 cases. No pattern works every time; past odds are not a forecast.
Which candlestick pattern works best on Reliance?
The bearish marubozu: target first 57% of 21 times on Reliance.
How were these numbers counted?
Every case enters at the signal candle's close with a target 1.5 × ATR(14) away and a stop 1 × ATR(14) away, and gets 12 candles to reach one of them. Only clean stretches of real sessions are used.