Is RELIANCE INDUSTRIES in uptrend or downtrend?

In the short term price movements in RELIANCE share indicates the market has a decisive bearish trend.

What is RELIANCE INDUSTRIES share price forecast for tomorrow?

In Reliance Industries Limited stock current resistance level is at 1418 and support level is at 1360. Though market is closer to support level there are good chances till these ranges are broken, market would stay Bearish.

What are RELIANCE INDUSTRIES support and resistance levels?

The resistance level is an area where sellers get activated. It varies by the time frame of the analysis. For Reliance Industries Limited in the short-term, the supply zone around 1418 and 1420. Hence, good chances of resistance around 1420. The support level is an area where buyers get activated at an attractive price zone to buy. It's a price zone where buyers wait for the market to reach to trigger their buy orders. The demand zone for Reliance Industries Limited share is around 1360 and 1360. Hence, good chances for support around 1360.

Why is RELIANCE INDUSTRIES share price falling today?

Latest analysis on RELIANCE stock suggest, as per it's price structure, it is making lower highs and lower lows on intraday charts. This represents a bearish trend. That's why RELIANCE stock is having a fall today. Perhaps it's worth looking at the long-term and mid-term trend analysis of RELIANCE stock to understand the overall trend.

RELIANCE INDUSTRIES Share Price | Forecast Analysis

Analyzing Market Data

Analyzing Market Data