Winning Strategy for Reliance Share Price Today – Support, Resistance & Target
Reliance Industries – Technical Analysis (1 August 2025)
Reliance Industries closed at Rs. 1390, trading near crucial support levels.
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Resistance Levels: Immediate resistance stands at Rs. 1401, followed by Rs. 1412. A breakout above Rs. 1432 could signal strength and attract fresh buying.
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Support Levels: Strong support lies at Rs. 1381. If breached, the next support zones are Rs. 1371 and Rs. 1351, which could test investor sentiment further.
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Momentum Indicators:
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RSI at 34.88 reflects weak momentum, moving towards oversold territory.
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Stochastic RSI and Stochastics both negative, suggesting continued pressure in the near term.
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MACD line at -20 vs Signal line at -10 indicates bearish momentum is still intact, with no signs of reversal yet.
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Chanakya View: Reliance is under bearish grip with momentum indicators favoring sellers. Holding above Rs. 1381 is crucial to prevent deeper correction. Aggressive traders may watch Rs. 1401–1412 for signs of rebound, while conservative investors should wait for a clear breakout or reversal signal.
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What are Latest & Breaking News on Reliance Industries?
UBS maintains Reliance Industries at ‘buy’ with a price target of Rs. 3.00K
An analyst from UBS maintained Reliance Industries (NS: RELI) at ‘buy’ with a price target of Rs.3.00K from a prior price target
Prior to this rating, Reliance Industries had 29 buy ratings, 2 hold ratings, and 2 sell ratings.
Reliance Industries continues to be on Jefferies ‘Buy’ list with price target of Rs 2,990 (7Dec 23 update)
Jefferies has recommended a ‘Buy’ call on Reliance Industries, with a target price set at Rs 2,990 per share. The recommendation comes in anticipation of Reliance Industries’ ambitious plans to commission Phase I of its photovoltaic (PV) module and storage capacity by mid-calendar year 2024.
Jefferies acknowledges the challenges faced by the global renewable equipment sector due to Chinese overcapacity, which has impacted profitability. However, the brokerage firm remains optimistic about the outlook for Reliance Industries, citing several factors that could positively influence the company’s renewable ventures.
FII holding in RIL rebounds from 26-qtr low
Foreign investors raised their holding in RIL for the first time in six quarters in the three months ended June, albeit marginally. Their stake in the company rose to 22.55% as of June end, from a 26-quarter low of 22.49% in the preceding quarter, shareholding data showed.
That FIIs remain the lifeline for RIL stock even though mutual funds acted as the life support system in the last few quarters is evident from the stock performance.
In the June quarter, the stock net gained more than 9%, recouping all of the losses it made in the preceding quarter.
Winning Strategy for Reliance Share Price Today – Support, Resistance & Target
The advised approach is cautiously bullish. Consider initiating new longs only if the stock closes above Rs. 1,529, with a protective stop-loss placed just below Rs. 1,510. Avoid aggressive buying unless a strong breakout is confirmed with heavy volume.
Resistance: Rs. 1,529 → Rs. 1,540 → Rs. 1,559
Support: Rs. 1,510 → Rs. 1,502 → Rs. 1,483
A breakout above Rs. 1,529 could target the next resistance zones. If prices drop below Rs. 1,510, look for weakness towards Rs. 1,502 or even Rs. 1,483.
RSI (Relative Strength Index) is at 66.83, nearing the overbought threshold of 70.
Stochastic RSI and Stochastics are both negative, suggesting a pause or slight pullback.
MACD: The MACD line (~27) is above the Signal line (~22), reflecting short-term bullish momentum.
Adopt a cautious bullish view. The stock appears to have positive momentum, but negative stochastic indicators and an RSI nearing overbought territory warrant patience. Wait for a confirmed close above Rs. 1,529 before adding fresh positions.
Entry: Above Rs. 1,529
Stop-loss: Below Rs. 1,510
Upside Targets: Rs. 1,540 first, then Rs. 1,559 upon sustained breakout
