Reliance Communications technical analysis

According to the latest Pivot data, Reliance Communications’s immediate technical levels for the selected time period 5 minutes indicate key support and resistance zones that traders should closely monitor. The pivot point is positioned at ₹1.01, serving as the central reference for market sentiment. On the upside, the stock faces resistance near ₹1.02, ₹1.04, and ₹1.05, which may act as potential barriers to further price appreciation. On the downside, support levels are observed around ₹0.99, ₹0.98, and ₹0.96, offering possible rebound zones in case of a correction. These levels are crucial for traders looking to identify entry, exit, or reversal points in Reliance Communications’s price movement.