Reliance Industries Stock Shows Bullish Technicals, Experts Predict Upside to Rs 1,565

Reliance Industries Ltd (RIL), a prominent player in the oil and gas sector, has demonstrated technical strength, finding crucial support above its 50-week moving average following two months of consolidation. Experts are advising short-term traders to consider buying the stock, with a target price projected above Rs 1,500 in the next 3-4 weeks.

The stock previously hit a high of Rs 1,551 on July 9, 2025, and closed at Rs 1,486 on October 31, 2025. Despite failing to sustain its July peak, RIL managed to find support around the 50-week moving average in September and has since shown recovery. Over the past week, the stock has risen more than 2%, over 8% in the last month, and over 6% in the last three months.

Technically, RIL is trading below its 5-day moving average (5-DMA) but remains above its 10, 20, 30, 50, 100, and 200-day moving averages (DMAs) on daily charts. The daily Relative Strength Index (RSI) is at 68.1, and the daily Moving Average Convergence Divergence (MACD) is positioned above its signal line, both indicating bullish momentum.

Vidnyan S. Sawant, Head of Research at GEPL Capital, stated that RIL stock shows clear structural improvement on the weekly scale, having broken out after consolidating for 11 weeks around its 50-week Exponential Moving Average (EMA). He noted higher highs and higher lows, a weekly RSI above 60, and consecutive weeks of rising volume. Sawant added that the oil and gas sector's current strong relative strength further supports RIL's positive outlook. He recommended a target of Rs 1,565 with a stop-loss at Rs 1,450.

Impact This positive technical outlook and expert recommendation could drive further investor interest in Reliance Industries, potentially leading to an increase in its stock price. Given RIL's significant weightage in Indian indices, sustained upward movement could positively influence the broader market. Rating: 7/10

Difficult terms: 50-week moving average: A technical indicator that calculates the average closing price of a stock over the past 50 weeks, used to identify long-term trends. Consolidating: A period where a stock's price trades within a defined range, indicating indecision or a pause before a potential move. 5-DMA, 10-DMA, etc.: Moving averages calculated over 5, 10, or other numbers of days, used to smooth out price data and identify short-term trends. Relative Strength Index (RSI): A momentum oscillator that measures the speed and change of price movements. An RSI above 70 suggests overbought conditions, and below 30 suggests oversold conditions. MACD (Moving Average Convergence Divergence): A trend-following momentum indicator that shows the relationship between two moving averages of a stock’s price. Breakout: When a stock's price moves decisively above a resistance level or below a support level. Exponential Moving Average (EMA): A type of moving average that places a greater weight and significance on the most recent data points, making it more responsive to new information than a simple moving average. Bullish momentum: Indicates that the price of an asset is likely to continue rising.