RELIANCE INDUSTRIES LTD short dayThe stock of Reliance Industries is currently exhibiting a clear bearish tone. Price action continues to show weakness, with repeated failed attempts to recover, signaling that sellers remain in control.
The ongoing downward movement suggests a lack of confidence from market participants, with no strong catalysts visible to shift momentum. Selling pressure dominates, while any bounce attempts struggle to hold.
Unless there's a visible change in price behavior or a shift in sentiment, the overall outlook remains negative. Caution is advised, and buyers may want to wait for clearer signs of stability before considering entry.
Relianceintraday
RELIANCE-- Rise or Fall ??Observations:
-------->>the stock is trending upwards.
-------->> We have observed that the price is near trendline.
--------->> Previously a strong fall is observed from the zone 2460-2445.Price broken the resistance and If the same zone is acts as support we will observe again upwards in reliance up to 2490 levels and above.
Keep an eye on these levels.
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Reliance Futures Key trading level 24th June 2022Reliance Futures Key trading level 24th June 2022
Disclaimer: These levels are purely based on Price action/demand and supply zones & and consumed only for educational purpose & should not be taken as buy/sell recommendation. I will not be responsible for any loss/profit incurred if anyone takes trades based on my views.
Please consult your Financial Advisor before making any trading decision.
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