Overall Technical outlook

Price Summary

Reliance Industries Limited's stock slumped -2.5% today, reflecting an mediocrending market day.
On 2026-02-03, Reliance Industries Limited's stock started at 1473.9, soared to 1489.5, dropped to 1430.2, and finished the day -2.5% down at 1437.1, with a trading volume of 25454895 shares.
The stock reached its highest price of 1592.3 and lowest price of 1161.9 over the last 52 weeks.
The projected price range for Reliance Industries Limited is between 1370.0 and 2020.0, with an expected mean price of 1720.3055, according to 36 analysts.

Technicals

Support and Resistance: The current price of 1437.1 is supported at 1424.8, with resistance at 1451.6. This suggests that the price for RELIANCE might remain between these levels, where 1424.8 acts as a floor and 1451.6 as a ceiling in the market.
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Support/Resistance for RELIANCE


Aroon: The AROON indicator is currently reflecting a strong bullish trend, as the Aroon Up has increased and the Aroon Oscillator has reversed. These signals suggest a reversal to an upward trend, indicating that market sentiment is shifting towards optimism. Investors might expect further upward movement, with the potential for continued gains in the market.
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Aroon chart for Reliance Industries Limited


Bol. Bands: The BOLL BANDS is currently neutral, offering no clear guidance on market direction. This suggests that the market may be in a state of pause, with no strong trend emerging.
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Bolinger Bands chart for Reliance Industries Limited


Parabolic SAR: The PSAR for RELIANCE has moved from a bearish to a bullish stance, potentially signaling a trend change. When considered with other indicators, this reversal could be a very bullish signal if supported by a trend. Investors should watch for additional confirmation before fully committing to this potential opportunity.
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Parabolic Stop and Reverse chart for Reliance Industries Limited


Stochastic: The current state of the STOCHASTIC is neutral, with no clear trend direction indicated. This lack of directional bias suggests that the market may be in a phase of consolidation or uncertainty.
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Stochastic chart for Reliance Industries Limited


Tripple Moving Agerage: The Tripple MOVING AVG is in a neutral stance, with no clear signals for movement up or down. This neutral position indicates a potential period of consolidation or uncertainty in the market.
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Tripple SMA chart for Reliance Industries Limited


The technical analysis of a company's stock performance is valuable, but only when considered in conjunction with the company's fundamentals. These fundamentals, including financial strength, earnings growth, and leadership, provide a foundation for understanding market movements. Additionally, industry trends and competitive pressures play an important role. By integrating both fundamental and technical analysis, one can better evaluate the company's true potential and make more informed investment decisions.