Reliance Industries Technical Outlook
Updated on 18 February 2026 7.00 AM IST
(Based on data dated 17 Feb 2026)
Trend Structure & Price Behaviour
Reliance Industries continues to maintain a structurally bullish setup across short, medium and long-term trends, despite recent price consolidation. The stock closed at Rs. 1423.00, hovering very close to the Pivot Point of 1424.47, which indicates a strong equilibrium zone where buyers and sellers are currently balanced. The last few sessions show mild profit booking after earlier strength, reflected in the 1-week decline of 2.43% and a 3-month pullback of 6.31%. However, the broader trend remains constructive as long as key supports hold.
Moving Averages & Dynamic Support
Price is trading marginally above the 20-Day SMA (1419.98), suggesting near-term support remains intact. However, the stock is still below the 34-Day, 50-Day and 89-Day averages, indicating overhead resistance pressure around 1450–1485. The 200-Day EMA near 1442.64 becomes an important medium-term resistance; a decisive close above this level could trigger renewed bullish momentum.
Momentum Indicators
RSI at 45.14 reflects a neutral-to-weak momentum zone — neither oversold nor strong bullish.
Stochastics (%K 22.89) and StochRSI (%K 11.36) are in oversold territory, suggesting that downside momentum is slowing and the probability of a technical rebound is rising.
MACD remains negative but with a positive histogram (4.82), indicating early signs of bullish crossover potential — often a precursor to short-term upside.
Trend Strength & Volatility
ADX at 21.63 signals a weak trending environment; the market is currently consolidating rather than trending strongly. DMI Minus above DMI Plus shows bears still have marginal control, but weakening downside momentum could allow bulls to reassert strength. ATR near 29.98 suggests moderate volatility, implying sharp directional moves may occur once a breakout happens.
Bollinger Bands & Price Positioning
Price is hovering near the mid-band (1419.98), showing a consolidation phase after earlier swings. The lower band at 1354.70 provides strong structural support, while the upper band near 1485.27 aligns with key resistance from moving averages.
Key Levels for 18 Feb 2026
Immediate Resistance: 1437 – 1450 (R2 to R3 zone)
Major Resistance: 1464 – 1477
Immediate Support: 1417 – 1411
Strong Support: 1398 – 1384 (confluence with Parabolic SAR at 1382.85)
Trading Outlook (Short Term)
Reliance Industries appears to be in a base-building phase after a corrective decline. Oversold oscillators combined with bullish trend alignment suggest potential for a technical bounce toward 1437–1450 if the stock sustains above 1417. A breakdown below 1411 could extend correction toward 1398.
Paresh Gordhandas Power Call – Market Interpretation
The technical structure indicates accumulation rather than distribution. Momentum indicators are slowly turning supportive while price holds above crucial support clusters. A sustained move above 1450 would signal a resumption of the broader uptrend, whereas range-bound consolidation between 1400 and 1450 may continue in the immediate sessions.
| 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.
