RELIANCE INDUSTRIES LTD. stock forum
RELIANCE Book Full and wait look for better trade elsewhere..1255 to 1325
70 Points Rally
Nifty is weak.. Don't see any further immediate upside if pressure continues to mount in Nifty
RELIANCE if sustains above 1280, 1450 is likely to be tested
RELIANCE Reliance Industries Ltd view for Intraday 11th Jan #RELIANCE
Resistance 1270 Watching above 1273 for upside movement...
Support area 1240 Below 1260 ignoring upside momentum for intraday
Watching below 1238 or downside movement...
Above 1250 ignoring downside move for intraday
Charts for Educational purposes only.
Please follow strict stop loss and risk reward if you follow the level.
Thanks,
RELIANCE Reliance Industries Ltd view for Intraday 10th Jan #RELIANCE
Resistance 1270 Watching above 1273 for upside movement...
Support area 1240 Below 1260 ignoring upside momentum for intraday
Watching below 1238 or downside movement...
Above 1250 ignoring downside move for intraday
Charts for Educational purposes only.
Please follow strict stop loss and risk reward if you follow the level.
Thanks,
RELIANCE Reliance is trading at 20% discount price. So you are lucky and BUY it.
Over 1.5 billion Free float shares are between 1420 and 1480.
RELIANCE As of December 28, 2024, Reliance Industries Limited (RELIANCE) closed at ₹1,221.05, reflecting a slight increase of 0.37% from the previous close.
For the upcoming trading sessions, the following support and resistance levels have been identified based on various technical analyses:
Daily Support and Resistance Levels:
Support Levels:
S1: ₹1,219.03
S2: ₹1,217.59
S3: ₹1,205.17
Resistance Levels:
R1: ₹1,229.93
R2: ₹1,232.88
R3: ₹1,237.87
These levels are derived from the previous trading day's price range and can serve as potential indicators for intraday trading strategies.
MUNAFASUTRA
Weekly Support and Resistance Levels:
Support Levels:
S1: ₹1,222.60
S2: ₹1,211.65
S3: ₹1,202.25
Resistance Levels:
R1: ₹1,232.00
R2: ₹1,242.95
R3: ₹1,252.35
These weekly levels provide a broader perspective for traders considering positions over multiple days.
Technical Indicators:
Relative Strength Index (RSI): 27 (indicating potential oversold conditions)
Moving Averages:
5-Day Average: ₹1,217.59
20-Day Average: ₹1,265.37
50-Day Average: ₹1,477.68
These indicators suggest that the stock is currently experiencing bearish momentum, with the RSI indicating potential oversold conditions.
Please note that support and resistance levels, along with technical indicators, are tools to assist in trading decisions and should be used in conjunction with other analyses and risk management strategies.
RELIANCE As of December 26, 2024, Reliance Industries Limited (RELIANCE) closed at ₹1,268.05.
Technical analysis indicates the following support and resistance levels:
Support Levels:
S1: ₹1,250.52
S2: ₹1,227.68
S3: ₹1,215.37
Resistance Levels:
R1: ₹1,285.67
R2: ₹1,297.98
R3: ₹1,320.82
These levels suggest that if the stock price declines, it may find support between ₹1,215.37 and ₹1,250.52. Conversely, upward movements may encounter resistance between ₹1,285.67 and ₹1,320.82.