RELIANCE - Technical Analysis with Chart Patterns & Indicators

Last Updated Time : 05 Nov 25, 7:43 am

Technical Rating: 4.1

📊 Technical Analysis Summary

• Trend Status: Trending upward
• Current Price: ₹1,486
• RSI (68.1): Bullish — nearing overbought zone
• MACD (28.3): Strong bullish crossover — upward momentum confirmed
• Volume: Below average (90.3L vs 130.5L) — momentum may be cooling
• DMA 50/200: Price above both (₹1,417 & ₹1,387) — bullish trend confirmation
• Bollinger Bands: Price near upper band — resistance likely near ₹1,550

📈 Entry & Exit Zones

• Support Levels: ₹1,460 / ₹1,417 / ₹1,387
• Resistance Levels: ₹1,500 / ₹1,525 / ₹1,551
• Optimal Entry: ₹1,460–₹1,480 (on minor pullback)
• Exit Target: ₹1,525–₹1,550 (if momentum sustains)

✅ Positive

• MACD and RSI indicate strong bullish momentum
• Price above 50 & 200 DMA — trend confirmation
• ROCE (7.57%) and ROE (6.61%) — stable returns
• EPS of ₹34.7 and consistent PAT — earnings strength

⚠️ Limitation

• RSI nearing overbought — risk of short-term pullback
• Volume below average — reduced participation
• High P/E (51.4) and negative PEG (-13.9) — valuation concerns

📉 Company Negative News

• FII holding declined by 0.56% — foreign investor caution
• Quarterly PAT dropped from ₹10,036 Cr to ₹9,129 Cr — sequential decline

📈 Company Positive News

• DII holding increased by 0.53% — domestic investor confidence
• Qtr Profit Var up 18.4% — YoY earnings growth
• 52-week performance up 85.2% — strong long-term trend

🏢 Industry

• RELIANCE operates across energy, telecom, and retail — diversified and macro-sensitive sectors
• Industry P/E is 20.7 — RELIANCE trades at a premium
• Sector benefits from infrastructure expansion, digital adoption, and consumption growth

🧾 Conclusion

• RELIANCE is currently trending upward with strong technical indicators and institutional support
• Entry near ₹1,460 may offer upside toward ₹1,550 if momentum continues
• Valuation is stretched — suitable for momentum traders and long-term investors with a bullish outlook