Reliance Ind Ltd : 19.44 T Market Cap.
Friends welcome to your own blog. This blog is made for you in such a way that you people will have an understanding of how the market performs. How Reliance Ind Ltd chart create good levels. How market create support. how market create resistance. And what all important levels for us so that we can do paper trading or paper investment in the market.
So today we discuss the most important thing about the chart of Reliance. You can see the chart of Reliance Ind Ltd very well that it opened gap down after 1 October 2023. And opened gap down from a certain level which is around 1432.
After that certain level, the market is recovering recently and right now the Reliance Ind Ltd is recovering in such a way that it is at 1420 right now after today’s closing and presented resistance in the market at the same place around 1432.
Now if we look at how the Reliance Ind Ltd performed earlier, then we will also see other things that why did I tell you that it is working as a resistance. I had created this blog on 6 May 2025. Now after 6 May 2025, the market has come to certain levels today. And the important thing is that I was not able to upload this thing.
Reliance Ind Ltd Important Levels:
There was a lot of tension between India, India and Pakistan. The situation was such that I was generally focusing more on news and I was not getting time for all these things. Now I had told you something important that after 6 May, today on 12 May. All the tension has been released, but there is no trust in Pakistan at all. If we look according to 12 May 2025, then we will understand one thing.
Today the Reliance Ind Ltd closed at 1436 which is above 1432. It is an important level. You can understand that now from here if the market spends some time here in this range, then the market It can give you a target up to 1520 which we have already discussed above, which means we will discuss the coming down. Okay, let’s continue.
Friends, whenever there is a gap down. The zone creates, which in future go to fill the gap. You will see a resistance somewhere in that zone. Sometimes it happens, so we can understand why this resistance get creates.
Secondly, if we talk about other resistances, then we will see one more thing that if we talk about the last year at one place in the Reliance Ind Ltd. Then from June to September 2024, a certain resistance was created in the market from some level, above which the market could not stand.
Your level is around 1520 and 1552, so both these levels can also be seen facing a certain resistance. Here also you have to trade carefully in the Reliance Ind Ltd, which I call paper trade, or do paper investment, after thinking a lot about things, do your business carefully. Decision is comparatively better here.
Chart Factors in mind:
Now let us talk about support, there are some areas in the Reliance Ind Ltd from where the market has seen very good full back and the market has done very well from there, so how will we be able to understand those areas that when we talk from 18 October 2024 to April 2025.
Then there were many points in the Reliance Ind Ltd where resistance was faced, the market took a lot of time to cross those points, so those points of ours are almost around 1180, after that if it comes closer then it is around 1250 and our third level is around 1300, so the lower supports for us will be 1180, 1250 and 1300.
I hope you have understood a lot, you must have understood how the market works and I will tell you again that you guys should paper trade in the Reliance Ind Ltd once, paper trade, paper invest, you will not find me giving any such advice in the blogs, I will tell you this in general.
I would like to tell you in the blog that you have to understand the market. Understanding the market is important for you. You cannot work in the market by relying on tips. You have to understand the market.
As you keep understanding the market, it will become easier for you. I hope you all are liking it. Also watch all the videos that come on our channel and read all the blocks. Your understanding will improve by reading. Take care.