RELIANCE - IntraDay Trade Analysis

Last Updated Time : 02 Aug 25, 12:58 am

IntraDay Trade Rating: 3.3

RELIANCE shows moderate potential for intraday trading today, but with conditions attached. While fundamentals are robust and volume is elevated, technical indicators suggest lackluster momentum. With careful entries and tight exits, scalpers could find tactical value.

📊 Technical Snapshot

Current Price: ₹1,417

Near 200 DMA (₹1,374) but below 50 DMA (₹1,441) → caught between trends

RSI: 40.4 → Weak momentum; not signaling strong bullish bias

MACD: -18.2 → Bearish divergence, indicating downward drift

Volume: 1.17 Cr (above 1Wk avg) → decent liquidity for intraday moves

🎯 Intraday Strategy

✅ If entering fresh trade

Buy Zone: ₹1,413–₹1,417 (on dips if RSI rises past 43 and MACD flattens)

Targets

Conservative: ₹1,428

Stretch: ₹1,440–₹1,445 (only if volume crosses 1.25 Cr and RSI breaks 46)

Stop-Loss: ₹1,405

🔄 If already holding

Hold if price >₹1,412 and RSI trends upward

Partial Exit at ₹1,428–₹1,432 if MACD doesn't show recovery

Full Exit at ₹1,445 if RSI plateaus and price hits resistance

Emergency Exit: below ₹1,403 with red volume spike

🧾 Fundamental Rundown

Metric Value Insight

P/E vs Industry 25.6 vs 21.6 Slight premium; justified by scale

EPS ₹60.2 Strong earnings base

ROE / ROCE 8.51% / 9.43% Decent operational efficiency

Qtr Profit Growth +35.6% Positive earnings momentum

PEG Ratio 4.38 Overpriced based on growth

Debt/Equity 0.44 Financially balanced

FII/DII Activity Positive Moderate institutional confidence

🚦 Final Take

RELIANCE is fundamentally solid but needs technical triggers to turn bullish intraday. The volume gives it tradeability, but without RSI and MACD alignment, risk/reward skews toward cautious scalps rather than confident breakouts.

Want to explore other blue chips or sector leaders showing better intraday setups based on RSI momentum and breakout volume? I’ve got a few names that might fit your playbook 📈🧠.

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