RELIANCE: A Critical Pressure Point for the Market

RELIANCE has quietly remained one of the most important pressure points for the broader market structure.

I had discussed this stock with my subscribers on January 6th, when a clear trading opportunity was developing. Since then, RELIANCE has delivered a decent short-side move, and price is now approaching our second target near ₹1390 (cash).

However, at this stage, we do not believe this level is likely to hold.

From a pure technical standpoint, the only genuinely meaningful support zone visible below current prices lies much lower, in the ₹1340–₹1370 cash zone. That region aligns far better with the structure and represents the next area where the stock could attempt a more serious stabilization.

Until then, RELIANCE continues to act as a drag on sentiment, and its behavior will remain crucial in judging whether the broader market finds footing or stays under pressure.

👉 As always, let the price confirm. Let’s see how the stock behaves as it moves into these critical zones.
Check out the link for the detailed breakdown.

https://ganninsides.com/2026/01/06/reliance-industries-update-4/