Reliance Industries - Stock Investment Idea Weekly Pick

Reliance Industries has rebounded from the ₹1350–₹1380 support zone after a healthy retracement from its 52-week high of ₹1551. The stock has closed above the 200 EMA and is poised for a double bottom breakout, supported by volume and anchored VWAP strength. With RSI sustaining above key levels, momentum looks firm. Enter ₹1400–₹1440 for ₹1600–₹1650. Stop loss: ₹1330.

Expert recommendation by Mr. Ketan Kaushik - Derivative Analyst (NISM - 202200162803)

• Current Price: ₹1416
• Buying Price: ₹1400-1440
• Target Price: ₹1600-1650
• Stop loss: ₹1330
• Upside: 16.5%
• Time Frame: 6-8 Weeks

Stock Technical Analysis

• The stock witnessed a sharp up move from ₹1115 level and made a 52-Week high of ₹1551 in Jul25; after making the high, it witnessed a retracement till 50% and took support in the ₹1350-1380 zone
• Stock has closed above 200 days exponential moving average and it is on the verge of double bottom chart pattern breakout
• The stock has also closed above the anchored VWAP with a higher bottom formation on daily chart, indicating buying interest supported by volumes
• The momentum indicator RSI is sustaining above 60 level on the daily chart and the 50 level on the weekly chart, suggesting that upside momentum is likely to continue in the coming days

Traders can look to accumulate RELIANCE in the ₹1400-1440 zone and expect upside targets of ₹1600-1650 over the next 6-8 weeks, with a stop loss below ₹1330 on a closing basis

👉 Learn how to identify such high-probability setups in our Complete Swing Trading Guide for Beginners to Pros.

Know more about Reliance Industries

Website: https://www.ril.com/

Reliance Industries Limited is India’s largest private-sector conglomerate, with a presence across oil & gas refining, petrochemicals, retail, telecom, digital and new-energy businesses. The company is led by Mukesh Ambani and is headquartered in Mumbai. Its operations span the entire value chain from upstream hydrocarbons to consumer retail and digital services.

Reliance Industries is a multi-engine growth story: combining the strength of its legacy businesses with bold expansion into digital, consumer and new-energy domains. For investors, this means exposure to India’s structural secular themes – consumption uplift, digital adoption and energy transition. However, the upside is moderated by execution risk and global commodity volatility. RIL therefore suits investors comfortable with conglomerate complexity and long-horizon value creation.