Reliance Industries Technical Outlook
Updated on 11 February 2026 7.00 PM IST
CMP EOD Rs. 1448.90
Price Structure & Moving Average Behaviour
Reliance closed at 1448.90, trading slightly below key medium-term averages like the 34D, 50D and 89D SMAs, which indicates that the stock is still in a consolidation phase despite bullish trend readings across short, medium and long timeframes. However, price continues to hold above the 20D SMA (1419) and close to the 200D EMA support (~1443), suggesting underlying buying interest near dips.
The moving average cluster between 1455–1490 is acting as a strong overhead resistance zone. Sustained move above this band is required to revive stronger upside momentum.
Momentum Indicators & Oscillators
RSI at 49.91 is exactly near neutral, showing lack of strong directional conviction. This supports the view of sideways consolidation rather than a trending move.
MACD remains negative but the histogram has turned positive, signalling early signs of bullish crossover or momentum recovery. Stochastic readings (%K 52 / %D 67) indicate cooling momentum after a minor pullback, not a bearish breakdown.
Williams %R near -26 and CCI at 59 suggest mild bullish bias but without aggressive buying pressure.
Trend Strength & Volatility
ADX at 22.84 reflects a weak-to-moderate trend environment, meaning sharp trending moves may be limited in the immediate term. ATR near 30 points indicates moderate volatility, suggesting intraday swings around key pivot zones.
Parabolic SAR placed at 1368 confirms that the broader trend structure remains positive despite recent weakness.
Support – Resistance & Pivot Structure
Immediate Resistance: 1455.80 (Pivot) and 1466.10 (R1)
Major Resistance Zone: 1483 – 1490 (R2 + Bollinger Upper Band)
Immediate Support: 1438.60 (S1)
Stronger Support Zone: 1428 – 1419 (S2 + 20D SMA + Fib support)
Break above 1466 may trigger short covering toward 1483, while failure to hold 1438 could push price toward the 1428 support band.
Trend Expected Today
Given the bullish higher-timeframe trend but neutral momentum readings, the expected bias for today is range-bound with slight positive undertone.
• Holding above 1438–1440 may lead to gradual recovery toward 1460–1470 zone.
• Immediate breakout strength will only emerge above 1466.
• A fall below 1438 may trigger intraday weakness toward 1428 levels.
Overall, Reliance appears to be in a consolidation phase within a broader bullish trend, with today’s movement likely to remain sideways-to-mildly positive unless key levels break decisively.
| 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.
