Reliance approaching H&S top correction target at 1250Reliance has shown a classic Head and Shoulders top - which usually means an ensuing correction.
The correction target is around 1250
Next report date
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Report period
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EPS estimate
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Revenue estimate
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50.20 INR
696.21 B INR
8.99 T INR
6.78 B
About RELIANCE INDUSTRIES LTD
Sector
Industry
CEO
Mukesh Dhirubhai Ambani
Website
Headquarters
Mumbai
Founded
1957
ISIN
INE002A01018
FIGI
BBG000BKVPT1
Reliance Industries Limited is engaged in refining, including manufacturing of refined petroleum products, and petrochemicals, including manufacturing of basic chemicals, fertilizers and nitrogen compounds, plastic and synthetic rubber in primary forms. The Company's segments include Refining, Petrochemicals, Oil and Gas, Organized Retail and Others. The Refining segment includes production and marketing operations of the petroleum products. The Petrochemicals segment includes production and marketing operations of petrochemical products, including polyethylene, polypropylene, polyvinyl chloride, poly butadiene rubber, butadiene, acrylonitrile, caustic soda and polyethylene terephthalate. The Oil and Gas segment includes exploration, development and production of crude oil and natural gas. The Organized Retail segment includes organized retail business in India. The Others segment includes textile, Special Economic Zone (SEZ) development, telecom or broadband business and media.
Reliance Industries, are we in bear cycle?It is observed from the chart that we are heading into a bear cycle for Reliance Industries. Coincidentally, the Fibonacci retracement level of 0.618 aligns with the encircled area, indicating a potential support zone. Furthermore, the Gann support also appears to converge in this area, suggesting a
Reliance next levels to followReliance in the direction to form Cypher or shark pattern.
Next levels to watch 1217 / 1210 / 1160
Reliance near major support zone. Reliance is a large cap company with a market cap of Rs.17,15,224 Crores. CMP of the stock is Rs.1268 with and EPS of Rs.50.2. PE of the company is 25.2. Ten year PE is 21.2. PE in July was 30.9 which has corrected to 25.2 now.
Reliance Industries is a fundamentally strong stock. The company cover
Strong weekly support indicate good buying levelReliance has fallen from its peak of 1608.80 to the level of 1241.65. 22% correction from top is good opportunity for long term investor to enter into reliance.
RELIANCE AT DISCOUNTED PRICE Reliance is currently at discounted price, good to accumulate at these Zones
A great Oppurtunity1. Price Action and Trend Lines:
The stock price is in a downtrend, with a visible downward-sloping trendline that could act as resistance in the future.
There’s a horizontal support level near 1285, around where the price currently is. This could serve as a potential level for a bounce if buyers st
Reliance Industries Case StudyHistorically RIL always bottom formed near 200 week SMA Zone (+- 5%) . Low Risk zone near multiyear support 970
SWING PICK - GO LONGENTRY
- lines marked below is potential reversal zone ( PRZ)
- entry is strictly inside the zone
- look for buying confirmation in smaller time frame ( 15 minutes preferred )
EXIT
1. target
- mark fib retracement from C to latest swing low
- TGT 1 - 0.236 fib level
- TGT 2 -
See all ideas
An aggregate view of professional's ratings.
Displays a symbol's price movements over previous years to identify recurring trends.
RLNGF5335118
Reliance Industries Limited 3.75% 12-JAN-2062Yield to maturity
6.45%
Maturity date
Jan 12, 2062
RLNGF5335117
Reliance Industries Limited 3.625% 12-JAN-2052Yield to maturity
6.35%
Maturity date
Jan 12, 2052
RLNGF4208883
Reliance Industries Limited 4.875% 10-FEB-2045Yield to maturity
5.84%
Maturity date
Feb 10, 2045
RLNGF5335116
Reliance Industries Limited 2.875% 12-JAN-2032Yield to maturity
5.51%
Maturity date
Jan 12, 2032
RLNGF5059438
Reliance Industries Limited 6.25% 19-OCT-2040Yield to maturity
5.33%
Maturity date
Oct 19, 2040
RLNGF4204129
Reliance Industries Limited 4.125% 28-JAN-2025Yield to maturity
5.28%
Maturity date
Jan 28, 2025
RLNGF4567942
Reliance Industries Limited 3.667% 30-NOV-2027Yield to maturity
4.93%
Maturity date
Nov 30, 2027
RLNGF4280137
Reliance Industries Limited 2.512% 15-JAN-2026Yield to maturity
4.26%
Maturity date
Jan 15, 2026
RLNGF4439521
Reliance Industries Limited 2.444% 15-JAN-2026Yield to maturity
4.18%
Maturity date
Jan 15, 2026
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Frequently Asked Questions
The current price of RELIANCE is 1,223.20 INR — it has decreased by −1.46% in the past 24 hours. Watch RELIANCE INDUSTRIES LTD. stock price performance more closely on the chart.
Depending on the exchange, the stock ticker may vary. For instance, on BSE exchange RELIANCE INDUSTRIES LTD. stocks are traded under the ticker RELIANCE.
RELIANCE stock has fallen by −2.50% compared to the previous week, the month change is a −10.71% fall, over the last year RELIANCE INDUSTRIES LTD. has showed a 3.11% increase.
We've gathered analysts' opinions on RELIANCE INDUSTRIES LTD. future price: according to them, RELIANCE price has a max estimate of 1,827.00 INR and a min estimate of 1,300.00 INR. Watch RELIANCE chart and read a more detailed RELIANCE INDUSTRIES LTD. stock forecast: see what analysts think of RELIANCE INDUSTRIES LTD. and suggest that you do with its stocks.
RELIANCE reached its all-time high on Jul 8, 2024 with the price of 1,608.95 INR, and its all-time low was 2.15 INR and was reached on Mar 9, 1990. View more price dynamics on RELIANCE chart.
See other stocks reaching their highest and lowest prices.
See other stocks reaching their highest and lowest prices.
RELIANCE stock is 2.41% volatile and has beta coefficient of 1.21. Track RELIANCE INDUSTRIES LTD. stock price on the chart and check out the list of the most volatile stocks — is RELIANCE INDUSTRIES LTD. there?
Today RELIANCE INDUSTRIES LTD. has the market capitalization of 16.80 T, it has decreased by −0.87% over the last week.
Yes, you can track RELIANCE INDUSTRIES LTD. financials in yearly and quarterly reports right on TradingView.
RELIANCE INDUSTRIES LTD. is going to release the next earnings report on Jan 17, 2025. Keep track of upcoming events with our Earnings Calendar.
RELIANCE earnings for the last quarter are 12.25 INR per share, whereas the estimation was 12.80 INR resulting in a −4.31% surprise. The estimated earnings for the next quarter are 14.75 INR per share. See more details about RELIANCE INDUSTRIES LTD. earnings.
RELIANCE INDUSTRIES LTD. revenue for the last quarter amounts to 2.32 T INR, despite the estimated figure of 2.36 T INR. In the next quarter, revenue is expected to reach 2.39 T INR.
RELIANCE net income for the last quarter is 165.63 B INR, while the quarter before that showed 151.38 B INR of net income which accounts for 9.41% change. Track more RELIANCE INDUSTRIES LTD. financial stats to get the full picture.
Yes, RELIANCE dividends are paid annually. The last dividend per share was 10.00 INR. As of today, Dividend Yield (TTM)% is 0.40%. Tracking RELIANCE INDUSTRIES LTD. dividends might help you take more informed decisions.
RELIANCE INDUSTRIES LTD. dividend yield was 0.34% in 2023, and payout ratio reached 9.72%. The year before the numbers were 0.39% and 9.13% correspondingly. See high-dividend stocks and find more opportunities for your portfolio.
As of Nov 21, 2024, the company has 347.36 K employees. See our rating of the largest employees — is RELIANCE INDUSTRIES LTD. on this list?
EBITDA measures a company's operating performance, its growth signifies an improvement in the efficiency of a company. RELIANCE INDUSTRIES LTD. EBITDA is 1.61 T INR, and current EBITDA margin is 18.34%. See more stats in RELIANCE INDUSTRIES LTD. financial statements.
Like other stocks, RELIANCE shares are traded on stock exchanges, e.g. Nasdaq, Nyse, Euronext, and the easiest way to buy them is through an online stock broker. To do this, you need to open an account and follow a broker's procedures, then start trading. You can trade RELIANCE INDUSTRIES LTD. stock right from TradingView charts — choose your broker and connect to your account.
Investing in stocks requires a comprehensive research: you should carefully study all the available data, e.g. company's financials, related news, and its technical analysis. So RELIANCE INDUSTRIES LTD. technincal analysis shows the strong sell today, and its 1 week rating is sell. Since market conditions are prone to changes, it's worth looking a bit further into the future — according to the 1 month rating RELIANCE INDUSTRIES LTD. stock shows the sell signal. See more of RELIANCE INDUSTRIES LTD. technicals for a more comprehensive analysis.
If you're still not sure, try looking for inspiration in our curated watchlists.
If you're still not sure, try looking for inspiration in our curated watchlists.