Updated for 20 July 2026 | 6.00 PM IST

Reliance Industries Today at a Glance (20 July 2026)

Today’s Reliance Prediction

Reliance is attempting to recover after a sharp 2.36% gain in the previous session. Although the broader trend remains bearish across short-, medium- and long-term timeframes, the stock has moved above its 20-DMA, 34-DMA and 50-DMA, indicating improving short-term momentum.

The technical setup suggests that Rs. 1,340 is the immediate hurdle. A decisive move above this level could trigger fresh buying towards Rs. 1,352–1,365. However, failure to hold above the pivot of Rs. 1,317.87 may invite renewed selling towards Rs. 1,305 and Rs. 1,284.

Market Probability

✅ 60% probability of trading between Rs. 1,317 and Rs. 1,352

✅ 25% probability of an upside breakout above Rs. 1,340

❌ 15% probability of a decline below Rs. 1,305

Chanakya Trading Strategy

Bullish Scenario

Buy only above Rs. 1,340

Upside Targets

• Rs. 1,352
• Rs. 1,365
• Extended Target: Rs. 1,386

Stop Loss: Rs. 1,329

Bearish Scenario

Sell below Rs. 1,317

Downside Targets

• Rs. 1,305
• Rs. 1,284
• Extended Target: Rs. 1,250

Stop Loss: Rs. 1,328

No Trade Zone

Rs. 1,317 – Rs. 1,340

Expect consolidation with limited reward and rapid option premium erosion.

Key Reliance Levels Today

Reliance Option Strategy (28 July Expiry)

Conservative Breakout Trade

Aggressive Momentum Trade

Bearish Breakdown Trade

Why This Trade?

• Reliance gained 2.36% in the previous session, indicating renewed buying interest.
• The stock is trading above the 20-DMA, 34-DMA and 50-DMA, improving the short-term outlook.
• MACD remains negative but the histogram has turned positive, signalling weakening bearish momentum.
• RSI at 55.90 reflects healthy momentum without entering overbought territory.
• ADX at 13.40 indicates the trend is still weak, so breakouts require confirmation.
• Stochastic at 80.72 suggests the stock is approaching the overbought zone, increasing the possibility of intraday volatility.
• The stock remains below the 200-DMA (Rs. 1,413.69), keeping the broader trend cautious.

Final Verdict

Reliance is showing encouraging signs of recovery after reclaiming key short-term moving averages. However, the broader trend is still bearish. Rs. 1,340 is the crucial resistance that bulls must overcome to extend the rally. Until then, traders should remain selective and avoid chasing prices. A sustained move above Rs. 1,340 can open the door for Rs. 1,352–1,365, while a break below Rs. 1,317 may bring fresh selling pressure.

Paresh Gordhandas View

Reliance has improved technically, but it has not yet completed a trend reversal. The positive RSI, improving MACD histogram and price moving above short-term averages indicate accumulation. However, weak ADX and the stock’s position below the 200-DMA suggest that conviction is still lacking. Professional traders should wait for a confirmed breakout above Rs. 1,340 instead of chasing momentum.