Updated on 9 March 2026 7.00 AM IST
Reliance Industries – Trading Strategy
Reliance Industries closed at Rs. 1404.80, showing a mild recovery of 1.11% in the previous session. However, the broader technical structure indicates a mixed undertone, where the short-term trend remains weak while the medium- and long-term structure continues to stay positive.
The stock is currently trading below its key short-term averages, including the 20-day SMA at Rs. 1419 and 34-day SMA at Rs. 1412, indicating that near-term momentum remains fragile. The MACD remains in negative territory, while the ADX reading of 24.83 with DI– above DI+ suggests that sellers still maintain some control over the trend.
Momentum indicators are also showing caution. RSI at 47.5 reflects neutral sentiment, while Stochastic readings above 80 indicate that the recent bounce may face resistance unless stronger buying emerges. The Parabolic SAR placed at Rs. 1436 further confirms that the stock is still under mild corrective pressure.
From a price structure perspective, Rs. 1388–1372 zone emerges as an important support band, coinciding with Fibonacci and pivot support levels. A decisive breach below this area could trigger fresh downside towards Rs. 1338.
On the upside, immediate resistance is seen near Rs. 1422–1440, which also aligns with pivot resistance and short-term moving averages. Only a sustained move above this band can revive bullish momentum and open the possibility of a rally towards Rs. 1474.
Trading Strategy for Today
For traders, the strategy should remain range-bound with a cautious bias.
• Buy on dips near Rs. 1388–1395 with a stop loss below Rs. 1370 for a bounce towards Rs. 1425–1440.
• Fresh bullish momentum will emerge only above Rs. 1440, which could trigger a move towards Rs. 1475–1500.
• If the stock breaks below Rs. 1370, traders should avoid long positions as the next downside target could shift towards Rs. 1335–1320.
Overall, Reliance Industries is currently trapped in a consolidation band of Rs. 1370–1440, and a decisive breakout on either side will determine the next directional move.
| 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.