Reliance Industries is currently trading near a strong support zone of ₹1350-1400. The stock faces key resistance around ₹1550. Technical indicators like RSI at around 48 show neutral momentum, while MACD indicates mild bullishness. The company’s strong fundamentals across retail, digital services, and oil-to-chemicals segments support this technical setup. Long-term investors may look to accumulate on dips, targeting ₹1800 once a breakout above ₹1550 is confirmed. However, risks from crude oil price volatility, regulatory changes, and competition in telecom and retail sectors remain. Overall, Reliance presents a stable and positive technical outlook.
BUY : RELIANCE28OCT251400CE( RELIANCE ) [120971]
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