Chart pattern

RS chart pattern — Reliance

1 formation detected on the latest close (Nov 06, 2026).

Overview Technicals

Ascending Channel · Weekly candles

BullishForming

Last close$417.00

Trigger$455.04 (+9.1%)

Upper boundary$455.04

Lower boundary$389.04

Pattern spanJun 18, 2026 → 20 bars

Touches5

Fit score77/100

A steady uptrend held between two parallel rising lines. Trigger: Inside the channel, the lower rail is the buy zone. A close below it warns the trend is breaking; a close above the upper rail is an acceleration. Invalidation: A sustained close below the lower rail.

Automated detection for education and research; not a recommendation. Levels are drawn from split-adjusted daily prices.