Reliance Industries – 1D (NSE)

Trend: Rejected from resistance near prior highs and corrected into a long-term key demand area that has historically produced bounces. Support and Resistance Levels: Immediate Support (Key Zone): 1,330–1,360 Resistance: 1,423 Major Resistance: 1,539 Upper Resistance: 1,609 (ATH zone) Expected Move: As long as price sustains above 1,360, a bounce toward 1,423–1,450 is possible. Losing 1,330 weakens the structure. Short Fundamentals Summary: Diversified earnings engine across energy, retail, and telecom. Strong balance sheet and capex visibility. Final Verdict: Sitting on historical demand. High probability reaction zone if market supports.