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By EquityPandit

MARKET OUTLOOKRELIANCESTOCK OUTLOOK

Reliance Outlook for the Week (February 26, 2024 – March 01, 2024)

Reliance
Reliance
Reliance closed the previous week on a negative note losing 2.94%.

Technically, Reliance share price will see immediate support at 2,931.17 and immediate resistance would be seen at 3,019.22.

If Reliance share price closes below immediate support of 2,931.17, then sharp breakdown can be seen. Reliance share price will see major support at 2,875.08 for the week.

3000.003000.002950.002950.002900.002900.002850.002850.002800.002800.002750.002750.002700.002700.002650.002650.002600.002600.00Jan 12Jan 12Jan 17Jan 17Jan 20Jan 20Jan 25Jan 25Jan 31Jan 31Feb 5Feb 5Feb 8Feb 8Feb 13Feb 13Feb 16Feb 16Feb 21Feb 21Reversal Level 2930.27BuySell

On the positive side, immediate resistance will be seen at 3,019.22. Closing above 3,019.22, Reliance share price will see a sharp breakout. Major resistance for Reliance share price will be seen at 3,051.18 for the week.

Trading range for Reliance share price for this week should be between 2,843.12 on down side and 3,107.27 on up side.

Reliance Previous Week High: 2995.1

Reliance Previous Week Low: 2907.05

Reliance Previous Week Range: 88.05 Points

Reliance share price support and resistance for the week (February 26, 2024 – March 01, 2024)

Level Type Value
Resistance 3 3,107.27
Resistance 2 3,051.18
Resistance 1 3,019.22
Support 1 2,931.17
Support 2 2,875.08
Support 3 2,843.12
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