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Technicals for Reliance Industries Limited
By MusingTheNews
2025-12-15 20:54
Overall Technical outlook
Price Summary
Reliance Industries Limited's stock began trading at 1534.0 on 2025-12-10, soared to 1547.5, dipped to 1531.4, and finished the day 0.19% up at 1536.9, with 7991178 shares exchanged. In the last 52 weeks, the stock's top price was 1569.9 and the bottom price was 1161.9. 37 analysts estimate that the future price of RELIANCE will fall between 1370.0 and 2020.0, with an average price expectation of approximately 1696.7567.
Technicals
Support and Resistance: The current price sits at 1536.9, supported at 1519.0 and capped by resistance at 1539.7. These levels define a range for RELIANCE where the price might stabilize, with 1519.0 as a floor and 1539.7 as a ceiling. Support/Resistance for RELIANCE
Aroon: The current reading of the AROON is neutral, offering no clear signals for a movement in either direction. This suggests that the market may be in a holding pattern, with no dominant trend in place. Aroon chart for Reliance Industries Limited
Bol. Bands: The BOLL BANDS is currently in a neutral position, offering no clear indication of movement up or down. This suggests that the market may be experiencing a period of equilibrium, with no strong trend in play. Bolinger Bands chart for Reliance Industries Limited
Parabolic SAR: The PSAR continues to signal a bearish outlook, setting a significant resistance level. This resistance could limit upward momentum, indicating that the market may struggle to overcome this bearish pressure in the near term. Parabolic Stop and Reverse chart for Reliance Industries Limited
Stochastic: The STOCHASTIC is in a neutral stance for RELIANCE, not indicating a clear upward or downward trend. This suggests a period of market indecision, where neither bulls nor bears have the upper hand. Stochastic chart for Reliance Industries Limited
Tripple Moving Agerage: The alignment of the 20, 50, and 100 moving averages points to a bearish trend, but the slopes of the 20 and 50 SMAs are starting to waver. This weakening of the bearish momentum could indicate that the market is approaching a turning point, with the possibility of a bullish reversal on the horizon. Investors should be alert for signs of a trend change as the current downtrend may be losing steam. Tripple SMA chart for Reliance Industries Limited
To accurately interpret a company's technical data, it is important to first examine its fundamentals. These include financial performance, management quality, and growth prospects. In addition, understanding the dynamics of the industry in which the company operates—such as competition, market trends, and regulatory factors—provides further insights. This combined analysis helps create a fuller picture, allowing for more precise conclusions to be drawn from the company's technical performance and stock behavior.
DISCLAIMER: We provide information and our musings based on events, but nothing on this site can be considered professional advice of any kind.
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