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THREETREND RESEARCH

13th May · SEBI-Registered Analyst

RELIANCE
Reliance Industries is currently trading near an important support zone around 1350–1360, where buyers have previously shown interest and price is attempting to stabilize. After facing rejection from the 1460–1470 resistance area, the stock witnessed profit booking, but the overall structure still suggests range-bound movement between support and resistance. A sustained move above 1420–1440 can trigger fresh bullish momentum, while breakdown below 1350 may lead to further weakness towards lower support levels.

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