Reliance Closed Below Danger level Now Time To Create New Short

As of the latest available data, Reliance Industries Limited (RIL) is trading at approximately ₹1,199.60 per share, reflecting a 0.62% decline from the previous close. citeturn0news28 The stock remains 25.44% below its 52-week high of ₹1,608.95, reached on July 8, 2024. citeturn0search6

In recent developments, RIL's subsidiary, Jio Platforms, is developing a cloud-based AI personal computer accessible on any device, aiming to facilitate compute-intensive AI applications at low cost. citeturn0search3 Additionally, Reliance Retail has launched the Shein India Fast Fashion app, marking Shein's return to the Indian market after a previous ban. citeturn0news38

These initiatives underscore RIL's commitment to innovation and market expansion, potentially influencing its stock performance in the near future.

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