Reliance Industries Bearish Outlook with Crucial Support at 2900
Reliance Industries is currently trading in a no-trade zone between 2890 and 3080 showing signs of sideways movement. The stock is testing its lower support level at 2900 and if this level is breached we may see further downside. The overall trend appears bearish for now, with RSI also reflecting weakening momentum. Traders should watch for a break below 2900 which could trigger further selling pressure and intensify the bearish sentiment. A close above 3080 would be needed to shift momentum back toward the bulls.
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A simple trader, distancing from the fake crowd. Simplifying complexity, I prioritize genuine insights over trends.
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