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Reliance Industries shares enter oversold territory

Shortpedia

Content Team
Image Credit: NewsBytes

Reliance Industries Ltd., India's largest company by market valuation, has faced a challenging streak as its stock fell for the fifth consecutive day, plunging the conglomerate into oversold territory for the first time since March. This recent development has caught the attention of investors, as historical trends suggest the potential for a rebound when the company's shares hit this technical level.