Reliance Industries Limited
Long

RELIANCE 1 Month Time Frame

152
📊 Monthly Pivot Levels (Standard)

Pivot Point: ₹1,375.53

Support Levels:

S1: ₹1,329.07

S2: ₹1,294.13

S3: ₹1,247.67

Resistance Levels:

R1: ₹1,410.47

R2: ₹1,456.93

R3: ₹1,491.87

These levels are derived from standard pivot point calculations, which are commonly used to identify potential support and resistance zones.

🔄 Technical Indicators Overview

Relative Strength Index (RSI): Approximately 41.5, indicating a neutral to slightly bearish condition.

Moving Averages: The stock is trading below its 50-day and 200-day moving averages, suggesting a bearish trend.

MACD: Currently negative, reinforcing the bearish momentum.

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