Reliance Industries – CMP Rs.1428.80

Technical Structure
Reliance Industries continues to maintain a constructive technical setup across all timeframes, with short-, medium- and long-term trends remaining bullish despite a slow price recovery phase. The stock is currently hovering near the 20DMA (1427.82) and pivot zone, indicating equilibrium between buyers and sellers. While price remains below the 50DMA (1471.25) and 89DMA (1489.71) resistance cluster, it is sustaining above the Parabolic SAR at 1402.54, suggesting underlying positional strength. The broader structure reflects consolidation within an uptrend after the three-month corrective phase, where the market is building a base before attempting the next directional move.

Momentum & Indicator Analysis
Momentum indicators remain neutral-to-improving rather than strongly bullish. RSI at 47.60 reflects balanced momentum with no overbought pressure, while Stochastics (%K 66.94) and StochRSI (%K 72.34) indicate gradual strengthening of short-term momentum. MACD remains in negative territory (-8.11) but is trading above the signal line (-9.92) with a positive histogram, signalling improving momentum beneath the surface. ADX at 20.08 confirms a low-trend strength environment, with DMI- slightly above DMI+, suggesting the stock is still in a consolidation phase rather than a strong trending move.

Volatility & Price Behaviour
Reliance is trading close to the mid-Bollinger Band at 1427.82, highlighting a stabilisation phase with limited directional conviction. The upper band near 1486.12 aligns with key moving average resistance, making this zone crucial for any bullish breakout attempt. ATR at 28.09 indicates moderate volatility, suggesting controlled price swings rather than sharp directional moves. Recent price action around the pivot level reflects accumulation-style trading behaviour, where buyers are gradually stepping in near support zones.

Key Levels for 25 Feb 2026
Immediate Resistance: 1436 – 1444 zone (R1 + Fibonacci/Camarilla overlap)
Major Resistance: 1462 – 1498 band (R3–R5 + 50DMA–89DMA resistance cluster)

Immediate Support: 1425 – 1418 band (Pivot to S1 zone)
Strong Positional Support: 1407 – 1389 region (S2–S3 + SAR support area)

Trend Expectation
The near-term structure suggests a range-bound to mildly bullish bias. Sustaining above the pivot level of 1425.70 could encourage gradual upside toward 1444 and 1462 levels. However, failure to hold above 1418 may lead to consolidation toward the 1407–1389 support band before fresh buying interest emerges. The broader technical structure remains constructive as long as price holds above the SAR and key positional supports.

4–6 Week Positional Target (Power Calls View)
Primary Target Zone: 1462 – 1498
Extended Target (Momentum Continuation): 1520+

A sustained breakdown below 1389 would weaken the medium-term recovery structure and may trigger a deeper consolidation phase.

Paresh Gordhandas Technical View of Reliance Industries

Reliance Industries is showing signs of gradual stabilisation near key averages with improving momentum indicators and a positive MACD histogram. Neutral RSI and strengthening Stochastics reflect early recovery attempts, though resistance near the 50DMA–89DMA cluster remains a decisive breakout zone. The overall bias stays constructive within a consolidation-with-uptrend structure, and dips toward the 1418–1426 support band may continue to attract positional accumulation.