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DEEPAK PAL

7th Mar · SEBI-Registered Analyst

“मजबूत बिज़नेस डाइवर्सिफिकेशन और भविष्य की टेक-ड्रिवन ग्रोथ के साथ Reliance भारतीय बाजार की सबसे मजबूत कॉरपोरेट कहानी है।”

Technical Analysis – Reliance Industries From a technical perspective, Reliance Industries Limited has been trading in a consolidation phase after a strong rally earlier in the year. The

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stock recently corrected from its 52-week high zone near ₹1600 and is now attempting to stabilize around the ₹1380–₹1400 range. This correction suggests short-term profit booking after the earlier rally. Technically, the stock currently has strong support near ₹1350–₹1380, while the next major support lies near ₹1300. On the upside, the immediate resistance is placed near ₹1450–₹1470, followed by a stronger resistance zone around ₹1500–₹1520. If the
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stock manages to reclaim and sustain above ₹1470 with strong volumes, a fresh bullish momentum may emerge. Momentum indicators such as RSI are hovering around neutral levels, indicating that the stock may remain in a consolidation phase before the next directional move.
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Can Reliance Be Bought at Current Levels? From a technical standpoint, the stock may remain in a consolidation phase in the short term. If Reliance sustains above ₹1380, it could gradually move toward ₹1450–₹1500 levels. However, if the stock breaks below ₹1350, further downside toward ₹1300 cannot be ruled out. For long-term investors, Reliance continues to remain attractive due to its diversified business model and growth potential in telecom, retail, and renewable energy.
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Positive News for Reliance Strong growth in the telecom segment through Jio and expansion of the retail business remain major positives for the company. Additionally, investments in renewable energy, artificial intelligence infrastructure, and digital platforms could create long-term growth opportunities.
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Daily Chart Analysis of Reliance on 07032026.pdf
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