Reliance Industries Technical Outlook
Updated on 12 January 2026 7.00 PM IST (EOD: 12 Jan 2026)
Reliance Industries closed at Rs. 1,483.20, registering a mild bounce of 0.54%, but the broader technical structure continues to reflect short-term weakness. The stock has corrected sharply over the past week (-6.01%) and remains below all key short-term moving averages, indicating sustained selling pressure at higher levels.
On the trend front, short-term momentum remains bearish, while the medium- and long-term trends are still bullish, suggesting that the ongoing decline is corrective in nature within a larger uptrend. The price is hovering just above the 89-day SMA (Rs. 1,475.93) and comfortably above the 200-day SMA (Rs. 1,432.68), which together form an important medium-term support zone.
Momentum indicators remain weak. RSI at 36.83, Stochastics deeply oversold, CCI at -129, and Williams %R near -80 indicate that the stock is in an oversold territory, raising the probability of a technical pullback or consolidation. However, the MACD remains negative with a widening histogram, confirming that downside momentum has not fully exhausted yet. ADX at 22.58 suggests a moderately strong trend, still favouring bears in the short run.
From a price structure perspective, Reliance is trading near the lower Bollinger Band (Rs. 1,472.74), which often acts as a short-term mean-reversion area. Immediate support is placed at Rs. 1,475–1,460, followed by a stronger base near Rs. 1,440–1,430. On the upside, any recovery is likely to face resistance at Rs. 1,507, then Rs. 1,540, where multiple moving averages are clustered. A decisive close above Rs. 1,520–1,530 is required to revive short-term bullish momentum.
Technical View:
The stock is oversold but not yet trend-positive. Short-term traders should remain cautious, while medium-term investors may watch for stability above Rs. 1,460–1,430 for accumulation. A sustainable reversal will only be confirmed if Reliance reclaims key averages with volume support.
| 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.
