The stock $RELIANCE is currently in a clear downtrend. After reaching a major peak around the 1600 level earlier in the year the price has been consistently making lower highs and lower lows. The current price is at 1253.7 showing continued weakness and selling pressure in the short term. Immediate Support the nearest support zone where the price might stop falling and bounce is around the 1200 to 1240 level. Major Support if the price breaks below 1200 the next strong historical support is down near 1120 a level last seen in early 2025. Immediate Resistance if the stock tries to recover and move up it will face selling pressure resistance near 1320 to 1360. Major Resistance A heavier resistance zone sits higher up around 1440 to 1480. For short-term buyers it is much safer to wait for the stock to stop falling and clearly break past the 1340 to 1350 resistance zone before making any fresh investments. The ongoing downward trend indicates that sellers are still in control making immediate buys very risky. For existing short-term holders it is extremely important to watch the critical support level around 1280 closely. If the stock successfully stays above this support a bounce back is possible but if it breaks below 1280 it could drop further towards 1136 and you may need to reconsider holding.

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