Reliance Industries Technical Outlook
Updated on 11 February 2026 7.00 PM IST
Reliance Industries Ltd – Technical Analysis
CMP: Rs. 1468.70
Price Action & Trend Setup
Reliance Industries is showing a steady consolidation breakout attempt after a gradual recovery from recent lows. The stock gained 0.70% in the last session and remains marginally positive over the week, indicating controlled accumulation rather than aggressive momentum. With all three trend structures turning bullish, the setup reflects a continuation phase within a broader uptrend rather than a fresh breakout.
Trend structure:
Short Term (5 days): BULLISH
Medium Term (21 days): BULLISH
Long Term (63 days): BULLISH
The alignment of all three trends suggests a structurally strong setup, though the recent price movement indicates consolidation near resistance levels.
Moving Averages & Volatility
Price is trading above the 20D SMA (Rs. 1419.77) and 200D SMA (Rs. 1450.09), confirming a positive bias. The stock is currently hovering near the 34D–89D EMA cluster between Rs. 1455–1467, which is acting as an immediate support band.
The 50D and 89D SMAs around Rs. 1484–1491 form a near-term resistance zone that needs to be crossed decisively for further upside.
Parabolic SAR at Rs. 1363.93 continues to support the bullish trend structure.
Bollinger Bands show price moving towards the upper band near Rs. 1488.81, suggesting a potential resistance test.
ATR at 30.87 reflects moderate volatility, indicating steady trending rather than sharp spikes.
Momentum & Strength Indicators
RSI at 54.58 indicates neutral-to-positive momentum with room for upside expansion.
MACD (-8.14 vs -20.58) shows a bullish crossover with a strong positive histogram, suggesting improving momentum despite still being below the zero line.
ADX at 24.52 with DMI+ (24.16) slightly above DMI− (22.67) indicates a developing trend rather than a strong directional move.
CCI at 83.91 and Williams %R at -13.46 reflect positive momentum without extreme overbought conditions.
Stochastics (%K 86.28 / %D 69.95) and StochRSI (%K 100) suggest short-term overheating, indicating the possibility of minor consolidation near resistance levels.
Support, Resistance & Trading Levels
Key Supports
Rs. 1464–1458 (Pivot Point & Camarilla support zone)
Rs. 1447–1450 (Fibonacci S2 & 200D SMA – strong positional support)
Rs. 1419–1420 (20D SMA – deeper demand zone)
Upside Levels
Rs. 1474–1480 (Immediate resistance / Pivot R1–R2 zone)
Rs. 1486–1496 (Camarilla R4 & Pivot R3 breakout zone)
Rs. 1513–1529 (Extended momentum targets if breakout sustains)
Risk Management
A daily close below Rs. 1458 may lead to short-term consolidation towards Rs. 1447.
As long as the stock holds above Rs. 1450–1447 support, the bullish structure remains intact.
Traders should prefer buy-on-dips near pivot supports rather than chasing moves near upper resistance zones.
Power Call View (Paresh Gordhandas)
Reliance Industries is showing a stable bullish setup supported by alignment of moving averages and improving momentum indicators. While the stock is approaching a critical resistance cluster near Rs. 1480–1490, the overall trend structure remains positive across all timeframes. A sustained move above this zone could trigger fresh upside momentum, making this a continuation power call best approached with a disciplined buy-on-dips strategy.
| Consolidated Figures in Rs. Crores / View Standalone | |||||||||||||
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Jun-22 | Sep-22 | Dec-22 | Mar-23 | Jun-23 | Sep-23 | Dec-23 | Mar-24 | Jun-24 | Sep-24 | Dec-24 | Mar-25 | Jun-25 |
| Sales + | 218,855 | 229,409 | 216,737 | 212,834 | 207,559 | 231,886 | 225,086 | 236,533 | 231,784 | 231,535 | 239,986 | 261,388 | 243,632 |
| Expenses + | 181,157 | 198,438 | 181,728 | 174,478 | 169,466 | 190,918 | 184,430 | 194,017 | 193,019 | 192,477 | 196,197 | 217,556 | 200,727 |
| Operating Profit | 37,698 | 30,971 | 35,009 | 38,356 | 38,093 | 40,968 | 40,656 | 42,516 | 38,765 | 39,058 | 43,789 | 43,832 | 42,905 |
| OPM % | 17% | 14% | 16% | 18% | 18% | 18% | 18% | 18% | 17% | 17% | 18% | 17% | 18% |
| Other Income + | 2,275 | 3,656 | 3,377 | 2,996 | 3,813 | 3,841 | 3,869 | 4,534 | 3,983 | 4,876 | 4,214 | 4,905 | 15,119 |
| Interest | 3,997 | 4,554 | 5,201 | 5,819 | 5,837 | 5,731 | 5,789 | 5,761 | 5,918 | 6,017 | 6,179 | 6,155 | 7,036 |
| Depreciation | 8,942 | 9,726 | 10,183 | 11,452 | 11,775 | 12,585 | 12,903 | 13,569 | 13,596 | 12,880 | 13,181 | 13,479 | 13,842 |
| Profit before tax | 27,034 | 20,347 | 23,002 | 24,081 | 24,294 | 26,493 | 25,833 | 27,720 | 23,234 | 25,037 | 28,643 | 29,103 | 37,146 |
| Tax % | 28% | 24% | 23% | 11% | 25% | 25% | 25% | 24% | 25% | 24% | 24% | 23% | 17% |
| Net Profit + | 19,443 | 15,512 | 17,806 | 21,327 | 18,258 | 19,878 | 19,641 | 21,243 | 17,445 | 19,323 | 21,930 | 22,611 | 30,783 |
| EPS in Rs | 13.27 | 10.09 | 11.67 | 14.26 | 11.83 | 12.85 | 12.76 | 14.01 | 11.19 | 12.24 | 13.7 | 14.34 | 19.95 |
Quicklinks
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.
