Updated on 12 March 2026 9.00 PM IST
Reliance Industries – Options Chain for 13 March 2026
Reliance Industries continues to remain under short-term pressure as the stock closed at Rs. 1392.20, hovering slightly below the key pivot level of Rs. 1394.73. The stock has been consolidating after a prolonged decline of nearly 10% over the past three months, while the short-term trend remains bearish even though the medium and long-term trend structures are still bullish.
From a technical standpoint, Reliance is currently trading below its key short-term moving averages including the 20DMA (Rs. 1408.36) and 34DMA (Rs. 1412.68), indicating near-term weakness. The price is also moving close to the lower half of the Bollinger Band range with the lower band placed near Rs. 1357.59, suggesting the possibility of a downside extension if support levels break.
Momentum indicators also reflect a cautious outlook. RSI at 45.36 shows weak momentum without any strong bullish signal. The MACD remains in negative territory despite a minor positive histogram, indicating that the broader momentum trend is still soft. StochRSI at extremely low levels further reflects weak buying pressure.
Directional indicators strengthen the bearish bias. The DMI shows –DI at 28.09 significantly above +DI at 16.63, confirming that sellers still have the upper hand in the short term. ADX at 24.26 indicates a moderately trending market, suggesting that the ongoing directional move may continue.
From a price-structure perspective, Reliance is struggling near the pivot level and immediate resistance around Rs. 1408–1410. Unless the stock decisively moves above this resistance band, it may remain under pressure. A break below Rs. 1385–1380 support could trigger further downside toward Rs. 1365 and Rs. 1335 levels.
Options Strategy (Preferred Trade – Bearish Bias)
Strategy | Level
Instrument | Reliance 1380 PE
Buy Zone | Rs. 24 – Rs. 28
Stop Loss | Rs. 16
Target 1 | Rs. 40
Target 2 | Rs. 55
Why 1380 PE?
The 1380 strike is positioned near the key breakdown zone. The option chain also shows strong activity around this strike with rising open interest. If Reliance slips below Rs. 1385–1380 support, the stock could quickly move toward Rs. 1365–1355 levels, which would trigger rapid premium expansion in the 1380 PE.
Technical Levels
Level | Price
Immediate Resistance | Rs. 1408
Major Resistance | Rs. 1424
Immediate Support | Rs. 1380
Strong Support | Rs. 1365
Strategy Outlook
With the stock trading below key moving averages, weak momentum indicators and sellers dominating the directional indicators, Reliance appears vulnerable to further downside pressure. A sustained move below the Rs. 1380 zone could trigger fresh selling momentum toward Rs. 1365–1335 levels. In such a scenario, the 1380 PE offers the best risk-reward setup for intraday traders.
The share price of Reliance Industries changes throughout market hours. Investors can track live prices on NSE and BSE or refer to updated data on Chanakyanipothi.com.
Reliance shares generally trade within a wide range. The 52-week high and low levels provide insight into the stock’s volatility and long-term trend.
Reliance is considered one of India’s strongest companies with presence in telecom, retail, energy, and green businesses. Many investors hold it for the long term, but one should always review valuations and financials before investing.
Reliance’s share price is affected by crude oil trends, telecom performance (Jio), retail growth, quarterly earnings, new project announcements, and overall market sentiment.