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RELIANCE

RELIANCE Support & Resistance levels The current share price of Reliance Industries Ltd. is around ₹1,272 (as of December 15, 2024). Here is an overview of the support and resistance levels: Support Levels: Primary Support: ₹1,249 Secondary Support: ₹1,227 Tertiary Support: ₹1,214 Resistance Levels: Primary Resistance: ₹1,285 Secondary Resistance: ₹1,298 Tertiary Resistance: ₹1,321 Key Highlights: Reliance Industries operates across sectors including petrochemicals, refining, oil exploration, telecommunications (Jio), and retail. In the retail segment, it commands approximately 23% of revenues, serving over 190 million customers across 15,200+ outlets.
NSE:RELIANCE1!Long
by EmpireCrown
RELIANCE Support & Resistance long levels Reliance Industries Ltd. (RELIANCE) is one of India's largest conglomerates with diverse interests across sectors such as petrochemicals, refining, telecommunications, retail, and digital services. Given its size and market influence, Reliance is a key stock in the Indian stock market, often reflecting broader economic trends. Identifying support and resistance levels for Reliance can help traders and investors make informed decisions. Support Levels: ₹2,400 - ₹2,420 (Strong Support Zone): If Reliance has repeatedly found support around ₹2,400 - ₹2,420, this could be a key support zone. A move below this zone could signal deeper correction, with the next support around ₹2,350 or ₹2,300. ₹2,300 (Psychological Support): ₹2,300 is a psychological level and may serve as a significant support point. If Reliance falls towards this level, there could be buying interest from long-term investors, pushing the price upward. ₹2,200 (Previous Low / Support): If ₹2,200 has acted as a strong point of reversal in the past, it may serve as a strong support level. A break below ₹2,200 would likely indicate a more pronounced bearish trend. ₹2,100 (Lower Support Zone): In a worst-case scenario, ₹2,100 might act as a lower support level, especially if the broader market faces a correction. If the price falls below this level, it would indicate significant weakness. Resistance Levels: ₹2,600 - ₹2,650 (Recent Highs / Resistance Zone): If Reliance has recently struggled to break above ₹2,600 - ₹2,650, this range would act as a strong resistance zone. A breakout above this range could signal bullish continuation. ₹2,700 (Key Resistance Level): The ₹2,700 level could act as a key resistance point for Reliance. A sustained break above ₹2,700 could lead to a rally toward the next resistance at ₹2,800 or higher. ₹2,800 (Major Resistance): If ₹2,800 has previously marked the top of the stock's price action, it could be a major resistance level. A move beyond this level would indicate strong bullish momentum and could open up the next target of ₹2,900. ₹3,000 (Psychological Resistance): As a round number, ₹3,000 is a psychological resistance level. If Reliance moves close to this level, selling pressure could increase from traders looking to lock in profits, making it a significant level to watch. Key Areas to Watch: Breakout Above ₹2,650: A breakout above ₹2,650 would be a bullish signal for Reliance, with the next resistance around ₹2,700 to ₹2,800. Traders would watch for a close above ₹2,650 for confirmation. Breakdown Below ₹2,400: A breakdown below ₹2,400 would suggest a weakening of the bullish trend, and the stock could move toward ₹2,300 or ₹2,200.
NSE:RELIANCELong
by EmpireCrown
#nifty50 - 9th December!!NSE:NIFTY Understand the chart, observe the chart, implement according to this : 1. Support and Resistance Zones: - Imagine "support" as a safety net—if the price falls, it’s likely to bounce back up from these levels (like 24,373.90). - "Resistance" is like a ceiling—when the price rises, it may struggle to break through higher levels (like 24,857.75 or 25,101.45). 2. Trendlines: - The black diagonal lines are like train tracks guiding the price upward. As long as the price stays between these tracks, the upward journey is likely to continue. 3. Key Areas (Orange Zones): - The orange areas are hotspots where buyers and sellers fight the hardest. If the price enters these zones, it might pause or reverse. 4. What’s Happening Now?: - The price recently hit a high near 24,857.75 (a ceiling) and is now hanging around a lower level, testing its "safety net" around 24,648.10. - It’s like climbing stairs—if the price breaks through the next step (resistance), it could climb higher. But if it slips below the safety net, it might fall to the next step down. 5. What’s Next?: - If the price climbs above 24,857.75, we might see it reach new highs like 24,949.10 or even 25,101.45. - But if it falls below the support, it might drop to the next level around 24,373.90 or lower. In short, this chart tells a story of a market in an upward trend, but it’s at a critical point where the next move could be either up or down. Not a SEBI Registere [/b ]
NSE:NIFTY
by thetradeforecast
1
Reliance - Bullish again and bouncing from strong supportLast 2 months Reliance was down due to Bonus Issue, spectrum allocation to skyline without auction etc etc. But value buying has emerged and as expected big players accumulated this stock and given buy recommendations in last few days is lifting the price. Risk - RBI policy in Dec24 but its golden mine for medium to long term investment. Disney deal, work with NVIDIA is sure price rise more than 100% or more in 1 to 2 years. Indias No one company proves it again they will multiply wealth every year.
NSE:RELIANCE
by venkatfx
Reliance Industries Dragon Fly Doji in Weekly chart at SupportHi this is Kapil, Reliance Industries took support at 1257 on weekly and monthly support area, Made Dragon Fly Doji on weekly chart as well Bulls can be seen pulling the price back above the support level of 1237. after 43% upside swing in one year from oct 2023 to oct 2024 the stock looks in minor consolidation period to a possible reversal we can plan adding reliance in our portfolio with annual returns of 25-20% for 2025 year. Next support below 1200 is at 1004. So add near here and @1015 Near term targets are 1405 and 1569 in 2025-2026. Special Note- Reliance will actually be used as index management tool so every hourly oversold portion can be seen as possible reversal for intraday basis. Consult your Financial advisor before making any decisions
NSE:RELIANCELong
by kapilbhama
Reliance Inds cmp 1267.60 by Weekly Chart viewReliance Inds cmp 1267.60 by Weekly Chart view - Stock has formed Bearish Rounding Bottom - Support Zone seen at 1050 to 1100 Price Band - Support Zone 1250 to 1300 Price Band turning into Resistance Zone - Stock might probably show more downside by the Technical Chart setup - Weekly Basis : Support at 1195 > 1100 > 995 with Resistance at 1360 > 1445 >1535 > ATH 1608.80 - Stock Price gone well below the crossover of both the Falling Resistance Trendline and also the Rising Support Trendline been broken down
NSE:RELIANCE
by PIYUSHCHAVDA
3
Reliance Industries Weekly Chart Analysis#Reliance Key Levels: Temporary Stop-Loss: ₹1,277.05 Averaging Zone: ₹1,277 - ₹1,144 Strong Stop-Loss: ₹1,130 The Reliance Industries stock is currently trading at ₹1,283.75, witnessing a decline of 4.10% in recent weeks. The key support level to watch is ₹1,277.05, which serves as a temporary stop-loss. If the stock price continues to fall within the range of ₹1,277 - ₹1,144, this zone is considered suitable for averaging. The strong stop-loss level is set at ₹1,130, indicating a critical point for traders to exit if the price breaks below this threshold.
NSE:RELIANCELong
by UmangDadhaniya