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2026-09-25 10:46:14 am | Source: Religare Broking Ltd
Stock of the day - Reliance Industries Ltd Target Rs. 19 - Religare Broking Ltd
Stock of the day - Reliance Industries Ltd Target Rs. 19 - Religare Broking Ltd

Reliance Industries Ltd

Buy Reliance Industries Ltd CMP (Rs) 9.0 Range* 7-9 SL 2 Target 19

* RELIANCE continues to exhibit a pronounced bearish structure, marked by persistent lower highs and lower lows following a sustained decline.

* The stock remains positioned below its short, medium, and long-term moving averages, with their negative alignment reinforcing the prevailing downtrend.

* Momentum remains weak, while volume expansion during declining sessions indicates sustained selling participation.

* Traders may consider buying an ATM Put option for potential downside participation.

 

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