FIRST TARGET DONE IT MAKE HIGH 1220 7/3/2025
Analysis of Reliance Industries Ltd (2H, NSE) Chart BUY 1190
Trend Analysis:
The stock is currently in a downtrend, as seen from the lower highs and lower lows.
The Fibonacci retracement tool is applied, indicating key support and resistance levels.
The price recently touched the 0.5 Fibonacci level (₹1,186.85) and is slightly rebounding.
Volume Analysis: There is an increase in volume near support, indicating possible accumulation.
Support & Resistance Levels:
Major Resistance Levels:
₹1,220.95 (Near-term resistance)
₹1,261.95 (61.8% Fibonacci level – Strong resistance)
₹1,328.80 – ₹1,373.35 (High resistance zone)
Major Support Levels:
₹1,155.10 (Key support)
₹1,113.05 (38.2% Fibonacci level – Critical support)
Target & Stop-loss View:
Bullish Scenario:
If the stock sustains above ₹1,186, it can move toward ₹1,220 and ₹1,261.
Target: ₹1,261 (61.8% Fibonacci level)
Stop-loss: ₹1,155 (below recent swing low)
Bearish Scenario:
If the price fails to hold ₹1,186, it may test ₹1,155 and further ₹1,113.
Target: ₹1,113 (38.2% Fibonacci support level)
Stop-loss: ₹1,220 (above resistance)
Indicators:
Stochastic RSI: Near oversold territory and attempting to move up, signaling a possible short-term bounce.
Final View:
Short-term traders: Can take a position if the price sustains above ₹1,186 with a target of ₹1,220–₹1,261.
Long-term investors: Should wait for a breakout above ₹1,261 or accumulation near ₹1,155.
Reliance Industries Ltd (NSE) – Short-Term, Medium-Term, and Long-Term View
📌 Short-Term View (Few Days to 2 Weeks)
✅ Trend: Bearish to Neutral
✅ Key Levels:
Resistance: ₹1,220 – ₹1,261
Support: ₹1,155 – ₹1,113
✅ Target: ₹1,220 – ₹1,261 if bounce sustains
✅ Stop-loss: ₹1,155 (below recent support)
🔹 Analysis:
The stock is near a critical support zone (₹1,186 - ₹1,155) and showing some buying interest.
If it sustains above ₹1,186, it can test ₹1,220 or even ₹1,261 in the short term.
Break below ₹1,155 will continue the downtrend toward ₹1,113.
Stochastic RSI is oversold, so a short-term bounce is possible.
🎯 Strategy: Short-term traders can enter near ₹1,186 with a target of ₹1,220 – ₹1,261.
🛑 Risk: A break below ₹1,155 could accelerate selling.
📌 Medium-Term View (1-3 Months)
✅ Trend: Weak to Range-bound
✅ Key Levels:
Resistance: ₹1,261 – ₹1,328
Support: ₹1,113 – ₹1,155
✅ Target: ₹1,288 – ₹1,328 (if trend reverses)
✅ Stop-loss: ₹1,113 (strong support level)
🔹 Analysis:
The stock is in a corrective phase, and a reversal is only confirmed if it crosses ₹1,261 and holds.
If it fails to break above ₹1,261, expect a sideways range of ₹1,113 – ₹1,220.
If the market sentiment improves, a move toward ₹1,328 is possible.
🎯 Strategy: Medium-term investors can start accumulating near ₹1,155 with a target of ₹1,288 – ₹1,328.
🛑 Risk: Below ₹1,113, the stock could enter a deeper downtrend.
📌 Long-Term View (6 Months to 1 Year+)
✅ Trend: Bullish if above ₹1,328, Bearish if below ₹1,113
✅ Key Levels:
Major Resistance: ₹1,373 – ₹1,400
Major Support: ₹1,113 – ₹1,050
✅ Target: ₹1,400+ if recovery sustains
✅ Stop-loss: ₹1,050 (worst-case scenario)
🔹 Analysis:
The stock has been in a long-term downtrend, but historically, Reliance is a strong stock for long-term investment.
Fundamental factors like business expansion and oil prices will play a key role.
Above ₹1,328, Reliance could see a bullish trend toward ₹1,400 and beyond.
If it breaks ₹1,113, long-term investors should wait for further confirmation before adding more.
🎯 Strategy: Long-term investors can accumulate in dips around ₹1,113 – ₹1,155 with a long-term view of ₹1,400+.
🛑 Risk: If the stock breaks ₹1,050, further downside may occur.
📊 Summary Table:
Timeframe Trend Buy Zone Target Stop-loss
Short-Term (Days-Weeks) Bearish to Neutral ₹1,186 ₹1,220 – ₹1,261 ₹1,155
Medium-Term (1-3 Months) Range-bound ₹1,155 ₹1,288 – ₹1,328 ₹1,113
Long-Term (6 Months+) Weak to Bullish ₹1,113 – ₹1,155 ₹1,400+ ₹1,050
Final Verdict:
✔ Short-term traders can play for a bounce, but need strict stop-losses.
✔ Medium-term investors should wait for a breakout or accumulate in dips.
✔ Long-term investors can start accumulating in ₹1,113 – ₹1,155 zone for future gains
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