“Virat Jagad of Bonanza holds a weak-to-neutral technical view on Reliance Industries (RIL) in the near term. The stock is trading within a descending channel, showing sustained selling pressure from the ₹1,465 resistance and hovering near the ₹1,315-1,320 support. Technical indicators like short-term moving averages and RSI suggest a lack of bullish momentum, though the long-term trend remains stable above the 200 DMA. A break above ₹1,410 could lead to targets of ₹1,465 and ₹1,520, while a fall below ₹1,315 might extend weakness to ₹1,280.”

Virat Jagad’s track record: 5 graded calls · 95% CI 23–88%