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Technicals for Reliance Industries Limited
By MusingTheNews
2025-07-16 20:52
Overall Technical outlook
Price Summary
On 2025-07-15, Reliance Industries Limited's stock opened at 1486.2, reached a high of 1496.5, dropped to a low of 1482.4, and closed down -0.05% at 1485.4, with a trading volume of 8131723 shares. The stock's highest value over the last 52 weeks is 3173.35, and the lowest value is 1161.9. According to 35 analysts, the price of RELIANCE in the future is projected to be between 1293.0 and 1720.0, with an average expected price of 1570.4.
Technicals
Support and Resistance: At 1485.4, the price is supported by 1431.3 and resisted by 1519.0. This indicates that the price for Reliance Industries Limited might fluctuate between these levels, with 1431.3 acting as a support and 1519.0 limiting further upward movement. Support/Resistance for RELIANCE
Aroon: The current state of the AROON is neutral for RELIANCE, providing no clear indication of a trend in either direction. This suggests that the market may be lacking momentum, making it difficult to predict future movements. Aroon chart for Reliance Industries Limited
Bol. Bands: The current state of the BOLL BANDS is neutral for RELIANCE, providing no clear indication of a trend in either direction. This suggests that the market may be lacking momentum, making it difficult to predict future movements. Bolinger Bands chart for Reliance Industries Limited
Parabolic SAR: The PSAR for RELIANCE remains bearish, establishing a key resistance level that could hinder upward movement. This ongoing bearish outlook suggests that the market may face challenges in breaking higher, with the resistance level acting as a barrier to potential gains. Parabolic Stop and Reverse chart for Reliance Industries Limited
Stochastic: The STOCHASTIC is showing a neutral reading, with no clear direction indicated for upward or downward movement. This neutral position suggests a possible period of consolidation. Stochastic chart for Reliance Industries Limited
Tripple Moving Agerage: The 20, 50, and 100 moving averages are aligned bearishly, signaling a downtrend. However, the slopes of the 20 and 50 SMAs are starting to waver, indicating that this bearish momentum might be losing strength. This could suggest an upcoming shift towards bullish price action, as the market's current downward trend may be approaching a reversal, potentially leading to a new upward move. 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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