Reliance Industries Technical Outlook ( FOR 16 December)

Reliance Industries Ltd. – Technical Analysis (Based on EOD data: 15 Dec 2025)

Reliance Industries ended the session marginally lower at Rs. 1,556.20, consolidating just below its 52-week high of Rs. 1,581.30. Despite the pause, the broader technical structure remains firmly bullish, with the stock trading well above all its key moving averages and showing strong relative strength compared to the benchmark indices.

Trend & Price Structure
All major trend indicators are aligned on the upside, with short-, medium- and long-term trends marked bullish. Over the last three months, the stock has delivered a robust 13% gain, while the one-year return of nearly 22% highlights sustained accumulation at higher levels. The current price action suggests healthy consolidation after a strong up-move rather than any trend reversal.

Moving Averages & Support Base
Reliance is comfortably placed above its 20-day SMA (Rs. 1,545) and 20-day EMA (Rs. 1,537), which together form an immediate support zone. The 34-day and 50-day averages in the Rs. 1,500–1,525 range act as a strong medium-term base. The rising 200-day average near Rs. 1,400–1,425 reinforces the long-term bullish outlook and limits downside risk on corrective dips.

Momentum & Oscillators
Momentum indicators continue to favour the bulls, though with mild signs of near-term exhaustion. The RSI at 62.63 remains in bullish territory without entering extreme overbought conditions. MACD is positive but witnessing a mild negative histogram, indicating short-term consolidation. The ADX reading of 29.40 confirms a strong underlying trend, with the DMI+ still placed above DMI-, supporting continuation of the broader up-move.

Oscillators such as Stochastics and StochRSI are in overbought zones, hinting at limited immediate upside and the possibility of time-wise consolidation or minor pullbacks. The CCI at 25.57 supports a stable-to-positive bias rather than any sharp correction.

Volatility & Band Analysis
Bollinger Bands show the stock trading near the upper band (Rs. 1,573), reflecting strength but also signalling that fresh aggressive buying may emerge only on dips. The Parabolic SAR at Rs. 1,564.74 stands slightly above the current price and acts as an immediate resistance; a close above this level would re-establish short-term momentum. Average True Range (ATR) at Rs. 21 suggests moderate volatility.

Key Levels – Supports & Resistances
Immediate support is placed at Rs. 1,553–1,548, followed by a stronger support band at Rs. 1,525–1,500. On the upside, resistance is seen at Rs. 1,565–1,575, and a decisive breakout above this zone could pave the way for a fresh move towards Rs. 1,600+, with higher pivot targets near Rs. 1,590–1,602.

Outlook
Reliance Industries remains a strong buy-on-dips candidate within its prevailing uptrend. While short-term oscillators suggest some consolidation near highs, the overall technical structure stays positive as long as the stock holds above Rs. 1,525–1,500. A sustained move above Rs. 1,575 is likely to trigger the next leg of the rally towards new highs.