Reliance Intraday Chart: Oversold with Hidden Bullish Divergence Brewing

1️⃣ Momentum Breakdown Price has corrected steadily from ₹1,545 to ₹1,480 zones. RSI now near oversold territory (~26) – a region where short-term rebounds are common. 2️⃣ Bullish Divergence Detected Price made new lows, but OBV and RSI made higher lows – signaling hidden buying pressure. Multiple OBV divergence boxes (yellow) indicate accumulation on dips. 3️⃣ Possible Scenarios If ₹1,480 holds, a bounce toward ₹1,510–₹1,520 is possible. Break below ₹1,475 may invalidate the bullish case short term. 4️⃣ Trading Implication Intraday traders can watch for reversal confirmation. Ideal setup for a mean reversion bounce if RSI sustains above 30 with volume uptick. 📢 Disclaimer: For informational purposes only. Not a buy/sell recommendation. Positions may or may not be held. 🧑‍💼 Rajneesh Sharma is a SEBI-registered Research Analyst (INH000020332). 📄 Investments are subject to market risks. Read all related documents carefully.