Reliance Targets Today

Reliance Industries Share Price Outlook – 20 August 2026

Reliance Industries closed at Rs. 1,311 and remains trapped between strong option support near Rs. 1,300 and heavy Call writing at Rs. 1,320. The immediate trading bias is neutral to mildly bearish. A sustained move above Rs. 1,321 can trigger an upside recovery, while a breakdown below Rs. 1,302 may extend the decline towards Rs. 1,294–Rs. 1,276.

Reliance Today at a Glance

Reliance Share Price Prediction Today

Reliance is expected to remain range-bound between Rs. 1,302 and Rs. 1,321 unless a decisive breakout occurs. The stock closed marginally below its pivot of Rs. 1,312.03 and is trading near the 20-day and 34-day EMAs.

The positive MACD indicates an improving short-term setup, but ADX at 9.85 shows that the trend lacks strength. Moreover, -DMI at 23.91 remains above +DMI at 19.70, indicating that sellers retain a marginal advantage.

The option chain is also cautious. Heavy Call writing at Rs. 1,310, Rs. 1,320 and Rs. 1,330 may restrict recovery attempts, while Put unwinding around these strikes indicates weakening immediate downside protection.

Market Probability

The higher probability is assigned to consolidation because RSI, CCI and Stochastics remain neutral, while ADX confirms the absence of a strong directional trend.

Bullish Scenario

Reliance will generate the first bullish signal if it crosses Rs. 1,320.57–Rs. 1,323.22 and sustains above this zone. The next targets are Rs. 1,330.13 and Rs. 1,348.23.

A breakout above Rs. 1,320 is especially important because this strike carries the highest Call open interest of 37,092 contracts, with fresh addition of 15,873 contracts. If Reliance absorbs this Call supply, short covering could strengthen the upward move.

A sustained breakout above Rs. 1,348 may open the path towards Rs. 1,366, although this requires considerably stronger price momentum and volume.

Bearish Scenario

A fall below Rs. 1,302.47 would weaken the short-term structure and expose Rs. 1,293.93. Below Rs. 1,294, the next downside levels are Rs. 1,282.75 and Rs. 1,275.83.

The Rs. 1,300 strike has the strongest nearby Put open interest of 7,813 contracts. However, the reduction of 356 contracts indicates Put unwinding rather than fresh support creation. Put unwinding is also visible at Rs. 1,310, Rs. 1,320, Rs. 1,330 and Rs. 1,340, which keeps the downside risk active.

No Trade Zone

The Rs. 1,302–Rs. 1,321 range should be treated as the no-trade zone. Reliance may generate false intraday moves inside this band because the technical pivot is near Rs. 1,312, while the option chain is crowded on the Call side.

Option buyers should be particularly cautious because the contracts expire on 25 August 2026, making premium erosion increasingly important.

Key Reliance Levels Today

Reliance Option Strategy

Bullish trade: Buy the Rs. 1,320 Call only after Reliance sustains above Rs. 1,321. Underlying targets are Rs. 1,330 and Rs. 1,348, with a stop-loss below Rs. 1,312.

Bearish trade: Buy the Rs. 1,300 Put only below Rs. 1,302. Underlying targets are Rs. 1,294 and Rs. 1,276, with a stop-loss above Rs. 1,312.

Avoid option buying inside the no-trade zone due to low trend strength and expiry-related time decay.

Why This Trade?

The strategy combines the technical pivot with actual options positioning. Rs. 1,320 is the strongest immediate Call barrier, while Rs. 1,300 is the nearest Put base. Waiting for a confirmed break beyond these levels reduces the risk of entering during directionless movement.

Final Verdict

Reliance is neutral inside Rs. 1,302–Rs. 1,321. Buy only above Rs. 1,321 for Rs. 1,330–Rs. 1,348. Below Rs. 1,302, the stock may weaken towards Rs. 1,294–Rs. 1,276.

Paresh Gordhandas View

Reliance’s positive MACD and position above short-term averages are encouraging, but heavy Call writing and an ADX below 10 do not support aggressive buying. Traders should wait for a decisive breakout, maintain strict stop-losses and avoid holding rapidly decaying options without confirmation.