RELCHEMQ

share price: RIL stock under pressure; experts advise caution amid weak technical setup

According to market experts, the stock currently lacks immediate support, making it vulnerable to further downside. Analysts indicated that the next major support level for Reliance Industries is positioned around the 1296 mark. They warned that if markets open weak on Monday with a gap-down start, the stock could slide further towards the 1310–1305 range. During the trading session, Reliance Industries slipped nearly 1.8 per cent, emerging as one of the major drags on the benchmark indices. Analysts noted that since Reliance is a heavyweight stock, sustained weakness in the counter could also impact the broader market sentiment.