Overall Technical outlook

Price Summary

2025-05-30, saw RELIANCE's stock open at 1418.0, hit a peak of 1430.6, fall to a low of 1409.7, and close up 0.2% at 1420.9, with 13787797 shares changing hands.
The top price for the stock in the last 52 weeks is 3201.8, with the bottom price being 1161.9.
Based on recommendations from 34 analysts, the future price of RELIANCE is expected to range from 1293.0 to 1720.0, with an average price expectation around 1561.2941.

Technicals

Support and Resistance: The price of 1420.9 is supported at 1377.2 and encounters resistance at 1431.3. This suggests key levels where the price might find stability, with 1377.2 providing a base and 1431.3 acting as an upper boundary for RELIANCE.
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Support/Resistance for RELIANCE


Aroon: The current reading of the AROON indicator suggests a neutral stance, with no clear signals indicating an upward or downward direction. This lack of directional bias suggests the market may be in a period of consolidation or uncertainty.
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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.
RELIANCE bbands 2521a3
Bolinger Bands chart for Reliance Industries Limited


Parabolic SAR: The PSAR remains bearish for Reliance Industries Limited, establishing a crucial resistance level that could hinder any bullish attempts. This ongoing bearish outlook suggests that the market may continue to face resistance, making it difficult for prices to rise.
RELIANCE psar 2521a3
Parabolic Stop and Reverse chart for Reliance Industries Limited


Stochastic: The STOCHASTIC is neutral, showing no definitive signals of a trend either upward or downward. This neutral stance indicates a period of market indecision, where the direction is unclear.
RELIANCE stoch 2521a3
Stochastic chart for Reliance Industries Limited


Tripple Moving Agerage: The alignment of the 20, 50, and 100 moving averages suggests a bearish trend, but the wavering slopes of the 20 and 50 SMAs hint at a potential shift. This weakening momentum could indicate that the bearish trend is running out of steam, possibly leading to a bullish reversal in the near future. Investors should be aware of the possibility of a market turnaround as the current downtrend begins to falter.
RELIANCE trippleSMA 2521a3
Tripple SMA chart for Reliance Industries Limited


In order to draw meaningful inferences from a company's technical data, it is essential to first consider its fundamentals. This includes reviewing financial metrics like revenue, profit margins, and debt-to-equity ratios. Additionally, understanding the broader industry landscape, including market trends and competitive pressures, is crucial. By integrating these insights with the company's technical performance, such as stock price fluctuations and trading volume, one can make more informed investment decisions.