Reliance Weekly Outlook and Analysis:

For the Week: (July 31, 2023 – August 04, 2023)

Reliance closed the previous week on a negative note losing 3.05%

Technically, Reliance share price will see immediate support at 2,482.43 and immediate resistance would be seen at 2,560.13

If Reliance share price closes below immediate support of 2,482.43, then sharp breakdown can be seen. Reliance share price will see major support at 2,437.02 for the week.

On the positive side, immediate resistance will be seen at 2,560.13. Closing above 2,560.13, Reliance share price will see a sharp breakout. Major resistance for Reliance share price will be seen at 2,592.42 for the week.

Trading range for Reliance share price for this week should be between 2,404.73 on down side and 2,637.83 on up side.

Reliance Previous Week High: 2547

Reliance Previous Week Low: 2469.3

Reliance Previous Week Range: 77.7 Points

Reliance share price support and resistance for the week (July 31, 2023 – August 04, 2023)