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Umang Bhutada

7th Oct · SEBI-Registered Analyst

RELIANCE INDUSTRIES | TECHNO-FUNDA ANALYSIS

Reliance Industries Ltd – 1D

RELIANCE
Trend: Consolidating near strong support after a prolonged downtrend; showing early signs of base formation. Important Levels: Strong Support: ₹1,341 – ₹1,360 Key Level: ₹1,432 Resistance Level: ₹1,539 ATH: ₹1,609 Fundamentals (Key Points): 📊 Diversified conglomerate with presence across energy, telecom (Jio), retail, and digital platforms. 💰 Consistent revenue and profit growth driven by expanding consumer and digital businesses. 🏭 Strong operating cash flows support heavy capital expenditure and growth plans. 📈 Strategic investments in green energy, tech, and e-commerce ensure long-term scalability. 🏦 Solid balance sheet with improving margins and a stable debt-to-equity ratio. Final Verdict: Consolidation near strong support — watch for reversal signs above ₹1,432.

#FundamentalViews#TechnicalViews#StockInNews
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