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Reliance Industries

Last updated : 02 May 2021

Reliance Induestries is in oil refinery business, as well as Reliance also entered in telecom sector and started its services by name of Reliance Jio.. NSE Code of Reliance Industries is RELIANCE. BSE Code for RELIANCE INDUSTRIES is 500325. Face value of RELIANCE INDUSTRIES is Rs. 10. RELIANCE INDUSTRIES is available for Future and Options trading. Lot size for RELIANCE INDUSTRIES Future is 250. (Time to time lot size changed by exchange, so please check it once before taking any action).

Latest View on Reliance Industries

02 May 2021 : Reliance Industries announced its quarterly result last week, and everyone wants to know where it will open on Monday, 3 May 2021. On one side BJP lost in West Bangal and on the other side Reliance Industries posted good numbers. So as per my technical chart study, for positional trader 1870 is strong support for this stock For swing traders, 1980 and then 1960 support level. Intraday traders can make long position above 2022 level with stop loss of 1990. If after one to two hour trades Reliance not able to pick up and sustain below 1960 level then bearish trend may start in this stock. Since market will be highly volatile tomorrow, then trade as per market trend and avoid to trade with big quantity in any stocks. The above view only for educational purpose.

25 April 2020 : Reliance Industries stock closed at 1417 in Friday session, approx 4% up. In intraday, it made high of 1494.95 and after that profit booking we have seen in this stock from higher levels. In last one week we have seen more than 20% upside in this stock after Facebook-Jio deal. If we see its daily chart then we can see resistance for this stock around 1505-1515 level and we have seen profit booking from just below 1500 levels. For Monday, 1408-1410 first support level for this stock below 1408, next support level around 1392-1395 level. If Stock sustain below 1392 level for sometimes then we can see further fall upto 1360 levels. Fresh buying avoid in this stock atleast for 3-4 session. This view is only for education purpose.