Reliance Targets Today

Reliance Industries Prediction for 10 August 2026: Investment Decision

Today’s Reliance at a Glance

Reliance Industries closed at Rs. 1,334.80, gaining 0.74% during the previous session. The stock has advanced 2.06% in one week and 4.30% over one month, confirming a short-term recovery. However, it remains down 7.17% over three months, while its medium- and long-term trends are still bearish.

Trade Parameter	Level
Last Close	Rs. 1,334.80
Immediate Support	Rs. 1,320
Strong Support	Rs. 1,300–1,310
Immediate Resistance	Rs. 1,340
Strong Resistance	Rs. 1,350
Breakout Target	Rs. 1,370
Market Bias	Cautiously bullish

Today’s Reliance Prediction

Reliance is expected to trade with a cautiously bullish bias, but the stock must cross and sustain above Rs. 1,340 to confirm the next upward move. The closing price is already near the upper Bollinger Band of Rs. 1,336.04, making Rs. 1,340 an important breakout hurdle.

A sustained move above Rs. 1,340 can lift Reliance towards Rs. 1,350 and Rs. 1,370. Conversely, failure to hold Rs. 1,320 may trigger profit-booking towards Rs. 1,310 and Rs. 1,300.

Market Probability

Based on technical indicators and the 25 August option chain:

• Range-bound movement between Rs. 1,320 and Rs. 1,340: 40%
• Bullish breakout above Rs. 1,340: 35%
• Bearish breakdown below Rs. 1,320: 25%

The stock’s short-term momentum is positive, but overbought oscillators and heavy Call open interest at higher strikes may restrict immediate gains.

Bullish Scenario

The bullish trade becomes active if Reliance sustains above Rs. 1,340. The first target would be Rs. 1,350, where the highest visible Call open interest is concentrated. If Rs. 1,350 is crossed, short-covering could push the stock towards Rs. 1,360–1,370.

RSI at 58.52 remains in the bullish zone without being excessively overbought. MACD at 1.61 has crossed above its signal line of –3.45, while the positive histogram of 5.07 confirms improving momentum.

Reliance is also trading above its 20-day, 34-day, 50-day and 89-day simple moving averages, supporting the recovery.

Bearish Scenario

A decisive breakdown below Rs. 1,320 would weaken the short-term bullish setup. The first downside target would be Rs. 1,310, followed by the strong moving-average support zone around Rs. 1,300.

Stochastic %K at 93.69, StochRSI at 100 and Williams %R at –2.52 indicate that the stock is in an overbought condition. CCI at 157.19 also warns that the recent recovery may be stretched. Therefore, failure near Rs. 1,340–1,350 could lead to sharp profit-booking.

No-Trade Zone

The zone between Rs. 1,320 and Rs. 1,340 should be treated as the no-trade range. ADX at only 12.99 indicates weak directional strength, increasing the possibility of false breakouts and frequent reversals.

Traders should avoid buying Calls near Rs. 1,340 resistance or Puts near Rs. 1,320 support without confirmation.

Key Reliance Levels

Immediate resistance is placed at Rs. 1,340, followed by Rs. 1,350 and Rs. 1,370. Support is located at Rs. 1,320, followed by Rs. 1,310 and Rs. 1,300.

The 25 August option chain shows maximum visible Call open interest at Rs. 1,350, while the strongest nearby Put base is around Rs. 1,320.

Reliance Option Strategy

Above Rs. 1,340, traders may consider the Rs. 1,340 Call, targeting spot levels of Rs. 1,350 and Rs. 1,370. Maintain a spot-based stop loss below Rs. 1,328.

Below Rs. 1,320, traders may consider the Rs. 1,320 Put, targeting Rs. 1,310 and Rs. 1,300, with a spot-based stop loss above Rs. 1,332.

Why This Trade?

The strategy waits for Reliance to move outside its immediate option-defined range. This reduces the risk of entering during low-ADX consolidation and provides confirmation before taking a directional position.

Final Verdict

Reliance remains cautiously bullish above Rs. 1,320. Buy only above Rs. 1,340 for Rs. 1,350–1,370. Turn bearish below Rs. 1,320 for Rs. 1,310–1,300. Avoid fresh trades inside the range.

Paresh Gordhandas View

Reliance has developed positive short-term momentum, but overbought indicators demand caution. A sustained breakout above Rs. 1,340 can extend the recovery towards Rs. 1,350 and Rs. 1,370. A break below Rs. 1,320 would invalidate the bullish setup. Traders should wait for confirmation, use strict stop losses and avoid chasing a gap-up opening.