Reliance Industries – CMP Rs.1441.30

Technical Structure
Reliance Industries continues to trade within a broader bullish structure across all timeframes, with short-, medium- and long-term trends remaining positive despite recent consolidation. The stock is currently positioned around key medium-term averages, trading above the 20DMA (1421.82) and close to the 200DMA (1450.80), while still below the 50DMA and 89DMA resistance cluster near 1480–1487. This structure indicates a base-building phase within a larger uptrend, where price is attempting to stabilise after a mild corrective phase seen over the last three months. The recent price move above Parabolic SAR at 1387.12 signals continuation of positional strength and renewed buying interest near support levels.

Momentum & Indicator Analysis
Momentum indicators show early signs of recovery rather than aggressive trend acceleration. RSI at 49.29 remains neutral, reflecting balanced buying and selling pressure. Stochastics (%K 41.68) and Williams %R at -31.20 suggest that the stock is gradually moving out of weaker zones, while StochRSI at 89.50 indicates improving short-term momentum that may support near-term upside attempts. MACD remains negative but is improving, with MACD (-7.13) trading above the signal line (-11.84) and a rising histogram, indicating potential bullish crossover momentum building beneath the surface. ADX at 20.89 reflects a non-trending environment, with slight DMI- dominance showing that the stock is still in consolidation rather than a strong directional move.

Volatility & Price Behaviour
Reliance is currently trading near the mid-Bollinger Band at 1421.82, suggesting a stabilisation phase after recent volatility. The upper band at 1487.34 coincides with major moving average resistance, making this zone crucial for the next directional breakout. ATR at 29.47 highlights moderate volatility, indicating that price swings remain controlled despite broader market uncertainty. Price action over the past sessions shows tight-range candles near the pivot area, reflecting accumulation and positional repositioning rather than distribution.

Key Levels for 19 Feb 2026
Immediate Resistance: 1449 – 1457 zone (R1 + Camarilla cluster)
Major Resistance: 1480 – 1502 band (R3 + 50DMA–89DMA resistance zone)

Immediate Support: 1434 – 1426 band (Pivot to S1 zone)
Strong Positional Support: 1411 – 1388 region (S2 + SAR cluster)

Trend Expectation
The stock is likely to trade in a range-bound to mildly bullish structure in the near term. Sustaining above the pivot level of 1434.20 may encourage gradual upside toward 1457 and eventually 1480. However, failure to hold 1426 could lead to short-term consolidation toward the 1410–1388 support band before buyers re-emerge. The broader technical structure remains constructive as long as price holds above the SAR and key moving average supports.

4–6 Week Positional Target (Power Calls View)
Primary Target Zone: 1480 – 1502
Extended Target (Momentum Continuation): 1525+

View invalidation may occur only if price sustains below 1388, which would weaken the medium-term recovery structure and signal a deeper consolidation phase.

Paresh Gordhandas Technical View of Reliance Industires

Reliance Industries is showing early signs of momentum stabilisation after a corrective phase, with price holding above key short-term averages and MACD gradually improving. Neutral RSI and rising StochRSI suggest potential for upside attempts, while resistance near the 50DMA–89DMA cluster remains the critical breakout zone. The overall bias stays constructive with a consolidation-within-uptrend structure, and dips toward the 1426–1434 support band may continue to attract positional buying interest.