Reliance Industries shares tumbled 6% in two sessions, erasing over INR 1 lakh crore in market value. Economist Dhruv Bedi's analysis points to weak momentum, with RSI, MACD, and DMI flashing bearish signals. The 1,260 level is critical support; failure to hold could drag prices toward 1,200. Resistance remains near 1,340-1,360, limiting recovery prospects.