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Technicals for Reliance Industries Limited
By MusingTheNews
2025-04-25 20:52
Overall Technical outlook
Price Summary
Reliance Industries Limited's stock began trading at 1303.5 on 2025-04-25, soared to 1325.2, dipped to 1288.1, and finished the day -0.24% down at 1300.4, with 14422621 shares exchanged. Over the past 52 weeks, the stock reached a maximum price of 3201.8 and a minimum price of 1161.9. As per recommendations from 34 analysts, RELIANCE's future price is expected to span between 1276.0 and 1827.0, with a mean price around 1547.0588.
Technicals
Support and Resistance: The price is currently at 1300.4, supported by 1278.2 and resisted by 1302.35. This indicates a range where 1278.2 may provide a base for the price, while 1302.35 serves as a cap on further upward movement for RELIANCE. Support/Resistance for RELIANCE
Aroon: The continuation of Aroon's bullish trend, with Aroon Up remaining at 100, signals strong momentum. However, to fully assess the trend's future potential, it should be analyzed in conjunction with other technical indicators. Aroon chart for Reliance Industries Limited
Bol. Bands: The BOLL BANDS is in a neutral stance for RELIANCE, not indicating a clear upward or downward trend. This suggests a period of market indecision, where neither bulls nor bears have the upper hand. Bolinger Bands chart for Reliance Industries Limited
Parabolic SAR: The PSAR continues to indicate a bullish outlook, setting a crucial support level. This strong support could bolster the ongoing upward trend, suggesting that the market may remain in a positive trajectory. Investors may view this as a sign of sustained bullish momentum. Parabolic Stop and Reverse chart for Reliance Industries Limited
Stochastic: The stochastic indicator reflects the K-line dropping below the D-line, though it remains above 80, pointing to a possible start of a bearish price move. This could be an early sign that the market's upward trend is reversing, potentially leading to a decline. Traders should be on the lookout for further bearish signals. Stochastic chart for Reliance Industries Limited
Tripple Moving Agerage: The Tripple MOVING AVG is currently neutral, showing no clear bias toward a rising or falling trend. This lack of directional clarity suggests that the market may be in a holding pattern, awaiting further developments. Tripple SMA chart for Reliance Industries Limited
To accurately interpret a company's technical data, it is important to first examine its fundamentals. These include financial performance, management quality, and growth prospects. In addition, understanding the dynamics of the industry in which the company operates—such as competition, market trends, and regulatory factors—provides further insights. This combined analysis helps create a fuller picture, allowing for more precise conclusions to be drawn from the company's technical performance and stock behavior.
DISCLAIMER: We provide information and our musings based on events, but nothing on this site can be considered professional advice of any kind.
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