RELIANCE Trade for reversal trader !!!!!!!
RELIANCE is attempting a rebound after finding support near 1336, which has acted as a strong demand zone in the past. The stock is currently trading around 1399, showing early signs of recovery, but upside momentum will strengthen only if it sustains above the 1420–1440 resistance band. If it fails to cross this zone, price may consolidate or retest the 1360–1336 support area. A decisive breakout above 1440 could open the path toward 1500+, while a breakdown below 1336 may drag it back toward lower levels around 1280.
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