RELIANCE // LEVEL // 3H

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Let's dive into the 3-hour candlestick chart for Reliance Industries Limited (RELIANCE), a leading Indian multinational conglomerate.

Here are some key insights based on the 3-hour chart:

Current Trend: Reliance Industries has been trading in an upward trend, with a slight pullback over the past few hours.

Resistance and Support: The stock has a strong resistance level at around ₹2,450-2,470 and support level at around ₹2,350-2,370.

Bollinger Bands: The Bollinger Bands are expanding, indicating increased volatility in the stock.

Momentum: The RSI (Relative Strength Index) is above 50, indicating that the stock is in an overbought zone.