RELIANCE Bulls missing! Below support further downside highly possible.
"Opinions are personal. Do your own research before investing."
Reliance Industries Ltd Sponsored GDR 144A forum
RELIANCE Bulls missing! Below support further downside highly possible.
"Opinions are personal. Do your own research before investing."
RELIANCE Short till 1322
RELIANCE Reliance Industries Ltd view for Intraday 29th May #RELIANCE
Resistance 1430 Watching above 1432 for upside momentum.
Support area 1400 Below 1410 ignoring upside momentum for intraday
Watching below 1397 for downside movement...
Above 1410 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
As of the close on Monday, May 19, 2025, Reliance Industries Ltd (NSE: RELIANCE) traded at ₹1,440.80, reflecting a 1.07% decrease from the previous session.
📊 Daily Technical Overview
Price Action:
Opening Price: ₹1,452.10
Day's Range: ₹1,438.20 – ₹1,454.60
52-Week Range: ₹1,114.85 – ₹1,608.80
Volume: Approximately 6.2 million shares traded, below the 50-day average of 8.4 million, indicating reduced market activity.
Technical Indicators:
Relative Strength Index (RSI): 69.84 – approaching overbought territory, suggesting caution.
Moving Average Convergence Divergence (MACD): Bullish crossover, indicating potential upward momentum.
Stochastic Oscillator: 76.17 – in the overbought zone, which may precede a price correction.
Average Directional Index (ADX): Indicates a strong trend, supporting the current price movement.
🔍 Support and Resistance Levels
Immediate Support: ₹1,425.00 – a level where buyers have previously shown interest.
Immediate Resistance: ₹1,455.00 – a recent high that may act as a barrier to upward movement.
🔭 Outlook
The technical indicators suggest that Reliance Industries Ltd is experiencing a strong bullish trend. However, the RSI and Stochastic Oscillator indicate that the stock is nearing overbought conditions, which could lead to a short-term consolidation or minor correction. Investors should monitor the support and resistance levels closely and consider the reduced trading volume, which may affect the strength of the current trend.
As of the close on Monday, May 19, 2025, Reliance Industries Ltd (NSE: RELIANCE) traded at ₹1,440.80, reflecting a 1.07% decrease from the previous session.
📊 Daily Technical Overview
Price Action:
Opening Price: ₹1,452.10
Day's Range: ₹1,438.20 – ₹1,454.60
52-Week Range: ₹1,114.85 – ₹1,608.80
Volume: Approximately 6.2 million shares traded, below the 50-day average of 8.4 million, indicating reduced market activity.
Technical Indicators:
Relative Strength Index (RSI): 69.84 – approaching overbought territory, suggesting caution.
Moving Average Convergence Divergence (MACD): Bullish crossover, indicating potential upward momentum.
Stochastic Oscillator: 76.17 – in the overbought zone, which may precede a price correction.
Average Directional Index (ADX): Indicates a strong trend, supporting the current price movement.
🔍 Support and Resistance Levels
Immediate Support: ₹1,425.00 – a level where buyers have previously shown interest.
Immediate Resistance: ₹1,455.00 – a recent high that may act as a barrier to upward movement.
🔭 Outlook
The technical indicators suggest that Reliance Industries Ltd is experiencing a strong bullish trend. However, the RSI and Stochastic Oscillator indicate that the stock is nearing overbought conditions, which could lead to a short-term consolidation or minor correction. Investors should monitor the support and resistance levels closely and consider the reduced trading volume, which may affect the strength of the current trend.
RELIANCE
RELIANCE INDUSTRIES LTD – 15-Minute Chart Support & Resistance
Support and Resistance Levels (Intraday – 15M):
Immediate Resistance: ₹2,870
(Recent high and intraday rejection zone)
Major Resistance: ₹2,895
(Near day's high; breakout can lead to strong momentum)
Immediate Support: ₹2,840
(Short-term base and minor bounce level)
Strong Support: ₹2,815
(Previous breakout zone; defended multiple times intraday)
Trend Insight:
RELIANCE is trading in a rising channel, with buyers stepping in around ₹2,840. Sustained move above ₹2,870 may trigger an upside breakout.
RELIANCE INDUSTRIES LTD – 15-Minute Chart Support & Resistance
Support and Resistance Levels (Intraday – 15M):
Immediate Resistance: ₹2,870
(Recent high and intraday rejection zone)
Major Resistance: ₹2,895
(Near day's high; breakout can lead to strong momentum)
Immediate Support: ₹2,840
(Short-term base and minor bounce level)
Strong Support: ₹2,815
(Previous breakout zone; defended multiple times intraday)
Trend Insight:
RELIANCE is trading in a rising channel, with buyers stepping in around ₹2,840. Sustained move above ₹2,870 may trigger an upside breakout.
RELIANCE INDUSTRIES
As of April 29, 2025, here are the key daily support and resistance levels for Reliance Industries Ltd (NSE: RELIANCE) based on recent technical analyses:
📈 Daily Support and Resistance Levels
Level Type Value (₹)
Support 1 (S1) ₹1,191.37
Support 2 (S2) ₹1,177.43
Support 3 (S3) ₹1,153.37
Resistance 1 (R1) ₹1,229.37
Resistance 2 (R2) ₹1,253.43
Resistance 3 (R3) ₹1,267.37
These levels are derived from recent technical analyses and can serve as potential reversal or breakout zones for the stock.
📊 Additional Technical Indicators
Relative Strength Index (RSI): Approximately 48.94, indicating a neutral to slightly bearish momentum.
Moving Averages:
5-Day Simple Moving Average (SMA): ₹1,210.41
50-Day Simple Moving Average (SMA): ₹1,213.72
200-Day Simple Moving Average (SMA): ₹1,216.23
The stock is trading near its short-term moving averages, suggesting a consolidation phase.
📌 Key Observations
Resistance Levels: If Reliance Industries breaks above ₹1,229.37, it may face resistance at ₹1,253.43 and ₹1,267.37.
Support Levels: A decline below ₹1,191.37 could lead to further support at ₹1,177.43 and ₹1,153.37.
Trend Analysis: The stock is currently trading within a range, with key levels at ₹1,229.37 on the upside and ₹1,191.37 on the downside. A breakout above or below these levels could indicate the next directional move.
Please note that these levels and indicators are based on historical data and technical analysis, and actual market conditions may vary. It's advisable to conduct further research or consult with a financial advisor before making investment decisions.
As of April 29, 2025, here are the key daily support and resistance levels for Reliance Industries Ltd (NSE: RELIANCE) based on recent technical analyses:
📈 Daily Support and Resistance Levels
Level Type Value (₹)
Support 1 (S1) ₹1,191.37
Support 2 (S2) ₹1,177.43
Support 3 (S3) ₹1,153.37
Resistance 1 (R1) ₹1,229.37
Resistance 2 (R2) ₹1,253.43
Resistance 3 (R3) ₹1,267.37
These levels are derived from recent technical analyses and can serve as potential reversal or breakout zones for the stock.
📊 Additional Technical Indicators
Relative Strength Index (RSI): Approximately 48.94, indicating a neutral to slightly bearish momentum.
Moving Averages:
5-Day Simple Moving Average (SMA): ₹1,210.41
50-Day Simple Moving Average (SMA): ₹1,213.72
200-Day Simple Moving Average (SMA): ₹1,216.23
The stock is trading near its short-term moving averages, suggesting a consolidation phase.
📌 Key Observations
Resistance Levels: If Reliance Industries breaks above ₹1,229.37, it may face resistance at ₹1,253.43 and ₹1,267.37.
Support Levels: A decline below ₹1,191.37 could lead to further support at ₹1,177.43 and ₹1,153.37.
Trend Analysis: The stock is currently trading within a range, with key levels at ₹1,229.37 on the upside and ₹1,191.37 on the downside. A breakout above or below these levels could indicate the next directional move.
Please note that these levels and indicators are based on historical data and technical analysis, and actual market conditions may vary. It's advisable to conduct further research or consult with a financial advisor before making investment decisions.
RELIANCE Long at 1200 🤞
tradingview.com/x/rh7M3NZA
RELIANCE Above 1250
1450 1500 could be tested
RELIANCE Delivery Buy RELIANCE Above 1306 Stop Loss 1224 Targets 1390-1470