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Reliance Industries Technical outlook
Reliance Industries – Technical Analysis

 

Reliance Industries Technical Outlook 

Updated on 3 February 2026 7.00 PM IST 

Reliance Industries Ltd – Technical Analysis

Timeframe: Daily | Data as of 03 Feb 2026

Price Action & Trend Structure

Reliance Industries closed at Rs. 1,437.10, posting a strong 3.36% single-day recovery after a prolonged corrective phase. Despite the bounce, the stock remains well below its intermediate moving averages, indicating that the recovery is still counter-trend in nature.

Trend assessment shows:

  • Short Term (5 days): BEARISH

  • Medium Term (21 days): BULLISH

  • Long Term (63 days): BULLISH

This suggests the stock is attempting a base formation within a broader bullish structure, but confirmation is still pending.

Moving Averages & Bands

  • Price is trading around the 20-day SMA / EMA (1427–1430), acting as immediate support.

  • The 34–50 EMA cluster (1455–1503) remains a strong resistance zone, capping any sharp upside.

  • 200 EMA near 1442 is crucial—sustained trade above this level is required for trend stabilization.

  • Bollinger Bands show price moving back toward the mid-band (1427) after touching the lower band earlier, hinting at mean reversion rather than trend reversal.

Momentum & Oscillators

  • RSI at 48.50: Neutral, recovering from oversold levels but still below bullish threshold.

  • MACD remains negative, though the histogram has turned positive, indicating early signs of downside momentum exhaustion.

  • ADX at 36.62 reflects a strong prior trend; however, DMI Minus slightly above DMI Plus suggests bears still retain marginal control.

  • Stochastics and Stoch RSI are elevated, warning that short-term pullbacks are possible after the recent bounce.

Support, Resistance & Key Levels

Immediate Supports

  • Rs. 1,429–1,415 (Pivot + Fibonacci support)

  • Rs. 1,392

  • Rs. 1,335 (Parabolic SAR / structural base)

Immediate Resistances

  • Rs. 1,452–1,475 (Pivot + Fibonacci + EMA zone)

  • Rs. 1,512

  • Rs. 1,570 (trend acceleration level)

Technical View & Outlook

Reliance is showing early signs of stabilization after a deep correction, but the structure remains fragile. The stock needs to hold above Rs. 1,415 and decisively reclaim Rs. 1,475–1,500 for a sustained upside move. Until then, the trend remains range-bound with stock-specific volatility.

Consolidated Figures in Rs. Crores / View Standalone
                           

 

 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

Share price of Reliance

Quicklinks

Q1. What is the current share price of Reliance Industries?

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.

Q2. What is the 52-week high and low of Reliance Industries?

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.

Q3. Is Reliance Industries a good stock for long-term investment?

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.

Q4. What factors influence the share price of Reliance Industries?

Reliance’s share price is affected by crude oil trends, telecom performance (Jio), retail growth, quarterly earnings, new project announcements, and overall market sentiment.

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