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Dhwani Patel

18th Aug · SEBI-Registered Analyst

Reliance Industries - Double bottom - Breakout above 1345

RELIANCE
- Reliance is showing a potential double-bottom formation after finding strong buying interest around the ₹1,255–1,270 zone. The stock has tested this support area twice and is now attempting to move higher, suggesting that the base may be taking shape. A sustained move above ₹1,345 would confirm the pattern and can open the way towards ₹1,395–1,425. On the downside, ₹1,300–1,310 remains an important near-term support zone, while the broader setup stays constructive as long as ₹1,255–1,270 holds.

#Post-ClosingCommentary#TechnicalViews#Today’sTradingSetup
Screenshot 2026-08-18 160537.png
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