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.
📊 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.
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Email - techncialexpress@gmail.com ...
Script Coder/Trader//Investor from India. Drop a comment or DM if you have any questions! Let’s grow together!
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Disclaimer
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Hello Guys ..
WhatsApp link- wa.link/d997q0
Email - techncialexpress@gmail.com ...
Script Coder/Trader//Investor from India. Drop a comment or DM if you have any questions! Let’s grow together!
WhatsApp link- wa.link/d997q0
Email - techncialexpress@gmail.com ...
Script Coder/Trader//Investor from India. Drop a comment or DM if you have any questions! Let’s grow together!
Related publications
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.