Current technical analysis for Reliance Industries (RELIANCE.NS) shows the stock is currently trading at ₹1405.40, with a -0.59% change from the previous close. The stock is currently in a Downtrend.
AI-Powered Market Prediction
This prediction is generated using artificial intelligence that combines technical indicators with machine learning models.
Market Direction: BEARISH
AI Confidence Score: 85%
Intelligent analysis combining multiple data sources for Reliance Industries.
Analysis Confidence Factors:
- Downtrend confirmed
Market Assessment:
- Direction: BEARISH
- Action: Consider short positions or stay in cash
- Risk Level: Moderate
- Bullish Probability: 0%
- Bearish Probability: 100%
Price Targets:
- Target 1: ₹1397.95
- Target 2: ₹1395.60
- Stop Loss: ₹1410.37
- Risk/Reward Ratio: 1:1.5
AI-Optimized Intraday Levels
These levels are calculated using artificial intelligence that analyzes historical patterns and market behavior.
AI Buy Zone
₹1397.45 - ₹1402.42
AI-suggested accumulation zone | Stop Loss: ₹1393.48
AI Sell Zone
₹1408.38 - ₹1413.35
AI-suggested distribution zone | Stop Loss: ₹1417.32
AI-Generated Pivot Levels
| Level | Price | AI Recommendation |
|---|---|---|
| R3 | ₹1420.31 | Strong Sell (High probability reversal) |
| R2 | ₹1415.34 | Sell / Book Profits |
| R1 | ₹1410.37 | First Target / Partial Booking |
| Pivot | ₹1405.40 | Decision Point |
| S1 | ₹1400.43 | First Support / Buy on Dips |
| S2 | ₹1395.46 | Strong Buy |
| S3 | ₹1390.49 | Aggressive Buy (High probability bounce) |
Expected Market Movement
AI analysis indicates low volatility with expected movement of ±0.71%.
Position sizing recommendation: Can use larger positions due to low volatility.
Technical Overview
Current technical indicators show the following momentum signals:
- RSI (14): 42.89 - Currently neutral
- MACD: 0.0000 (Signal: 0.0000)
- Moving Averages: SMA-20: ₹1421.79, EMA-20: ₹1421.97
Support and Resistance Levels
Key price levels based on technical analysis:
Resistance Levels
- R1: ₹1430.60 (1.8% away)
- R2: ₹1441.00 (2.5% away)
Support Levels
- S1: ₹1396.90 (0.6% away)
- S2: ₹1374.50 (2.2% away)
Trend Analysis
The stock is currently showing a Downtrend pattern based on moving average analysis and price action.
Performance Metrics:
- 1-Day Change: -0.59%
- 5-Day Change: -1.17%
The downtrend indicates bearish pressure, with sellers dominating the market.
Trading Signals
Based on unified analysis combining technical indicators and AI predictions:
- Strong Sell Signal - 85% confidence
- Exit near ₹1430.60
- Low volatility - Normal position sizing
These signals represent a consolidated view eliminating contradictions between different analysis methods.
Conclusion
In summary, Reliance Industries shows a BEARISH outlook with 85% confidence based on unified technical and AI analysis. The analysis shows high confidence in downward pressure. Consider short positions or stay in cash
Key takeaways from unified analysis:
- Market Direction: BEARISH (high confidence)
- Risk Level: Moderate
- Primary Target: ₹1397.95
- Stop Loss: ₹1410.37
- Risk/Reward Ratio: 1:1.5
This analysis combines multiple indicators and AI predictions to provide a clear, non-conflicting view of the market. Always use proper risk management and never invest more than you can afford to lose.
Disclaimer: This analysis is automatically generated by Artificial Intelligence and should not be considered as investment advice. Always conduct your own research and consult with financial advisors before making investment decisions.