Reliance Industries (NSE: RELIANCE) is currently trading at ₹1,228.90, attempting to stabilize after testing key support at ₹1,219.00. The stock remains in a downtrend, with resistance at ₹1,289.40 and a potential breakout target of ₹1,327.80. A failure to hold above support could see a retest of ₹1,193.45, a critical level for bulls to defend.
After climbing to second place in the Global FutureBrand Index, Reliance Industries has made headlines, overtaking global giants like Apple and Nike. This recognition highlights its growing influence and brand value on the world stage, positioning it as India’s most valuable brand.
Reliance’s rise in the FutureBrand Index signals its growing perception as an innovation leader. The ranking evaluates companies based on consumer trust, purpose-driven leadership, and future vision, making this a significant milestone for India’s largest conglomerate.
A sustained move above ₹1,289.40 could trigger fresh buying, while a breakdown below ₹1,219.00 may accelerate selling pressure toward ₹1,193.45.
Reliance’s strong brand momentum and business diversification could support a stock recovery. However, global market trends, oil prices, and institutional buying will play a key role. If sentiment remains positive, RIL could reclaim ₹1,327.80 in the coming weeks.
For now, traders should watch ₹1,219.00 as the key support level—if it holds, a bullish reversal may be on the horizon.
This post was last modified on Feb 18, 2025, 09:08 GMT 09:08