📈 Reliance Industries Breakout Alert – ₹1241 Key Level Breached 🚀
Reliance Industries has successfully broken out above a strong resistance zone near ₹1241, indicating a potential bullish move ahead. This level acted as a critical supply zone in the past, and the breakout with volume confirmation adds strength to the trend.
🔍 Technical Highlights:
Breakout Level: ₹1241
Volume: Above average (confirming strength)
Trend: Bullish
Next Resistance Zones: ₹1265 / ₹1290
Support Zones: ₹1220 / ₹1200 (previous resistance now acting as support)
Reliance Industries has successfully broken out above a strong resistance zone near ₹1241, indicating a potential bullish move ahead. This level acted as a critical supply zone in the past, and the breakout with volume confirmation adds strength to the trend.
🔍 Technical Highlights:
Breakout Level: ₹1241
Volume: Above average (confirming strength)
Trend: Bullish
Next Resistance Zones: ₹1265 / ₹1290
Support Zones: ₹1220 / ₹1200 (previous resistance now acting as support)
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.