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Reliance: Winning strategy in today’s market

 

What should be the winning strategy at Reliance counter?

Strategy for 1 July 2025Share price of Reliance

Technical Analysis – Reliance Industries

Current Market Price: 1500.60
Resistance Levels: R1 – 1518, R2 – 1536, R3 – 1565
Support Levels: S1 – 1489, S2 – 1478, S3 – 1450

Indicators:

  • RSI (Relative Strength Index): 65.95 – Close to the overbought threshold (70), indicating strength but also the potential for a pause or pullback.

  • Stochastic RSI: Negative – Suggests loss of short-term momentum.

  • Stochastics: Negative – Confirms weakness in price momentum.

  • MACD Line: 22.59

  • Signal Line: 17.78 – The MACD is above the signal line, indicating a bullish crossover, but momentum might be waning.

Technical View:
Reliance Industries is currently trading just below its first resistance level at 1518. While the RSI indicates strength, both the Stochastic RSI and Stochastics showing negative readings hint at potential short-term weakness or consolidation. The MACD remains bullish, but since momentum indicators are softening, a breakout above 1518 needs strong volume confirmation. If it fails to cross above 1518, a pullback toward 1489 or even 1478 is possible. A close below 1478 could trigger deeper downside toward 1450.

Strategy:

  • Bullish Bias Above 1518, with targets at 1536 and 1565.

  • Bearish Bias Below 1489, with downside targets at 1478 and 1450.
    Cautious approach advised as indicators show mixed signals.

Quicklinks

  1. What is the prediction of Reliance Industries?
  2. Reliance Industries Chart Analysis today
  3. What are Latest & Breaking News on Reliance Industries?

What are Latest & Breaking News on Reliance Industries?

UBS maintains Reliance Industries at ‘buy’ with a price target of Rs. 3.00K

An analyst from UBS maintained Reliance Industries (NS: RELI) at ‘buy’ with a price target of Rs.3.00K from a prior price target

Prior to this rating, Reliance Industries had 29 buy ratings, 2 hold ratings, and 2 sell ratings.

Reliance Industries continues to be on Jefferies ‘Buy’ list with price target of Rs 2,990 (7Dec 23 update)

Jefferies has recommended a ‘Buy’ call on Reliance Industries, with a target price set at Rs 2,990 per share. The recommendation comes in anticipation of Reliance Industries’ ambitious plans to commission Phase I of its photovoltaic (PV) module and storage capacity by mid-calendar year 2024.

Jefferies acknowledges the challenges faced by the global renewable equipment sector due to Chinese overcapacity, which has impacted profitability. However, the brokerage firm remains optimistic about the outlook for Reliance Industries, citing several factors that could positively influence the company’s renewable ventures.

FII holding in RIL rebounds from 26-qtr low

Foreign investors raised their holding in RIL for the first time in six quarters in the three months ended June, albeit marginally. Their stake in the company rose to 22.55% as of June end, from a 26-quarter low of 22.49% in the preceding quarter, shareholding data showed.

That FIIs remain the lifeline for RIL stock even though mutual funds acted as the life support system in the last few quarters is evident from the stock performance.

In the June quarter, the stock net gained more than 9%, recouping all of the losses it made in the preceding quarter.

Share price of Reliance

what should be winning strategy at Reliance counter tomorrow?

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