RELIANCE - IntraDay Trade Analysis with Live Signals
Back to ListIntraDay Trade Rating: 3.6
| Stock Code | RELIANCE | Market Cap | 19,46,116 Cr. | Current Price | 1,438 ₹ | High / Low | 1,612 ₹ |
| Stock P/E | 48.9 | Book Value | 413 ₹ | Dividend Yield | 0.38 % | ROCE | 7.57 % |
| ROE | 6.61 % | Face Value | 10.0 ₹ | DMA 50 | 1,468 ₹ | DMA 200 | 1,439 ₹ |
| Chg in FII Hold | 0.44 % | Chg in DII Hold | -0.15 % | PAT Qtr | 9,396 Cr. | PAT Prev Qtr | 9,129 Cr. |
| RSI | 48.5 | MACD | -34.2 | Volume | 2,63,34,958 | Avg Vol 1Wk | 1,65,03,502 |
| Low price | 1,115 ₹ | High price | 1,612 ₹ | PEG Ratio | -13.3 | Debt to equity | 0.37 |
| 52w Index | 65.0 % | Qtr Profit Var | 7.74 % | EPS | 35.2 ₹ | Industry PE | 9.70 |
📊 Analysis: RELIANCE shows moderate strength for intraday trading. Current price (₹1,438) is slightly below 50 DMA (₹1,468) but aligned with 200 DMA (₹1,439), reflecting neutral-to-weak bias. RSI at 48.5 indicates neutral momentum, while MACD (-34.2) confirms short-term weakness. Volume is significantly higher than weekly average, ensuring strong liquidity. Fundamentals are mixed: EPS (₹35.2) and quarterly PAT growth (+7.74%) support earnings, but high P/E (48.9 vs industry 9.70) and modest ROE (6.61%) limit valuation comfort.
💹 Optimal Buy Price: Around ₹1,430–₹1,440 (near support zone close to 200 DMA).
🎯 Profit-Taking Exit Levels: ₹1,455–₹1,470 (short-term resistance zone).
🛡️ Stop-Loss / Loss Protection: ₹1,420 (below intraday support).
⏱️ If Already Holding: Consider exiting if price fails to sustain above ₹1,438 or RSI drops below 46 intraday. If momentum improves with volume, partial profit booking near ₹1,455–₹1,470 is advisable.
Positive
- Quarterly PAT growth (₹9,129 Cr → ₹9,396 Cr) shows earnings improvement.
- EPS of ₹35.2 supports valuation strength.
- FII holding increased (+0.44%), showing foreign investor confidence.
- Volume significantly higher than weekly average, supporting intraday liquidity.
- Diversified business model provides resilience across sectors.
Limitation
- Price below 50 DMA, reflecting short-term weakness.
- MACD negative (-34.2) indicates bearish momentum.
- High P/E (48.9) compared to industry average (9.70), showing severe overvaluation.
- ROCE (7.57%) and ROE (6.61%) reflect modest efficiency.
- Dividend yield (0.38%) is negligible.
Company Negative News
- DII holding reduced (-0.15%), showing cautious domestic sentiment.
- PEG ratio (-13.3) highlights poor valuation relative to growth.
Company Positive News
- Quarterly PAT improved sequentially (+7.74%).
- FII holding increased (+0.44%), reflecting foreign confidence.
Industry
- Industry P/E at 9.70, much lower than RELIANCE’s valuation, highlighting relative overvaluation.
- Energy and diversified conglomerate sector outlook supported by infrastructure and consumption demand.
Conclusion
⚠️ RELIANCE is a moderate candidate for intraday trading today. While fundamentals show earnings growth and strong liquidity, technicals remain weak with price below 50 DMA, negative MACD, and stretched valuation. Traders should adopt a cautious approach: Buy near ₹1,430–₹1,440, book profits around ₹1,455–₹1,470, and protect downside with stop-loss at ₹1,420.
Would you like me to also prepare a basket overlay comparison with other large-cap peers like TCS, Infosys, and HDFC Bank, so you can evaluate relative intraday strength across the Nifty heavyweights?