Updated on 6 March 2026 7.00 AM IST
Reliance Industries Ltd. Rs.1389.40
Reliance Industries is currently witnessing a corrective phase within a broader long-term uptrend. The stock closed at Rs. 1389.40, recovering 3.30% in the latest session, suggesting some buying interest emerging near lower support levels after a prolonged correction.
From a trend perspective, the short-term trend remains bearish, while medium-term and long-term trends are still bullish, indicating that the recent fall is more of a pullback within a larger structural uptrend rather than a complete trend reversal.
Technically, the stock is trading below key moving averages including the 20DMA (Rs. 1421.51), 50DMA (Rs. 1450.52) and 200DMA (Rs. 1449.49). This indicates that momentum in the near term remains weak and rallies could face resistance near these averages.
The MACD remains negative, with MACD (-19.22) below the signal line (-14.47), confirming bearish momentum in the short term. Additionally, DMI- (32.80) is significantly higher than DMI+ (19.36) with ADX at 25.74, suggesting that the corrective downtrend has been strong in recent weeks.
However, some early signs of stabilization are emerging. The stock is trading close to the lower Bollinger Band (Rs. 1357), indicating potential for a short-term rebound. RSI at 44.29 shows the stock is approaching oversold territory but still has room before extreme levels are reached.
Momentum indicators also show mixed signals. Stochastic (%K 64) indicates improving short-term momentum after the recent bounce, while CCI at -77 reflects the ongoing corrective bias.
From a price structure perspective, the key pivot lies near Rs. 1380, which coincides closely with the current trading zone. Immediate resistance levels are seen at Rs. 1408 – Rs. 1426, while stronger resistance is placed near Rs. 1470, which aligns with major pivot resistance and the declining moving averages.
On the downside, strong support is placed near Rs. 1362, and if this level breaks decisively, the stock could test the Rs. 1335 – Rs. 1290 zone.
Trading Strategy
For short-term traders, the strategy remains range-bound with a slight recovery bias.
Buy on dips near Rs. 1360 – Rs. 1370 zone with a stop-loss below Rs. 1335 for a potential rebound towards Rs. 1425 – Rs. 1450.
Aggressive traders may also consider selling near Rs. 1450 – Rs. 1470 resistance zone if the stock fails to break above the 50DMA decisively.
Chanakya View
Reliance Industries appears to be forming a base after a sharp correction of nearly 11% in the last three months. The stock remains structurally strong in the long term, but a decisive breakout above Rs. 1450 will be required to revive strong bullish momentum.
Until then, the stock is likely to trade in a broad consolidation band of Rs. 1350 – Rs. 1470, offering tactical trading opportunities for short-term market participants.
| 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.