Reliance made a double top in early 2026 and has been falling since then and right now at the confluence of supports. It formed a wedge type of pattern and right now trading near the lower side of wedge.
It has the support from trendline connecting lows of 2021 and 2025 which is more of a medium term support. Break of which will lead to 990 and 830 levels.
There is another trendline which connecting 1999, 2003, 2016, 2020 which is considered as a major support. The trendline should be held on monthly/ Quaterly chart
