Daily Chart Analysis on

RELIANCE

Reliance Industries – Technical View (Daily Chart) Over the past two weeks, Reliance has been under continuous selling pressure, but in the last two sessions, some recovery signs have emerged. On the latest trading day, the stock opened at 1369.70, made a low of 1361.00, a high of 1376.30, and closed at 1372.60, slightly higher, indicating buying interest at lower levels. For the past two sessions, the stock has been holding support around the 1340–1350 zone, showing that buyers are stepping in. The daily chart suggests the stock is attempting to come out of its correction phase. Currently, it is facing a minor hurdle near its 14-day EMA. •Short-term view: If Reliance manages to break and sustain above 1390, a buying opportunity may emerge. On the downside, support lies in the 1330–1340 zone. A close above 1390 could potentially take the stock towards 1430–1440 levels. •Medium-term view: From a positional perspective, any dips towards the 1330–1350 range can be used to accumulate Reliance with a stop-loss near 1300. If the stock sustains momentum, it has the potential to test 1500 levels in the next 2–3 months. Reliance holds a strong weightage in the index, has robust fundamentals, and enjoys solid market reputation, which makes it a favourabl candidate for medium-term accumulation despite recent corrections. Recent Updates on Reliance •₹18,000 Cr Fundraise: Reliance to raise $2.06 bn via asset-backed securities by mid-Sept 2025. •Jio IPO (H1 2026): Planned listing seen as a “mega event” with $128 bn valuation potential. •Green Energy Push: Big bets on solar & hydrogen to build India’s largest new-energy ecosystem. •AI Partnerships: Ties with Google (AI infra in Jamnagar) & Meta (enterprise AI solutions).