RELIANCE Levels 1 Day

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.
Chart PatternsTechnical IndicatorslevelslevelsandzonesLONGsupportSupport and ResistancetradeTrend Analysis

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