Reliance is entering a structurally bullish phase, driven by momentum across its core verticals and supported by a clean technical breakout structure. The stock is acting as a market leader in the current cycle, participating in the next leg of India’s energy–digital–consumption growth theme. Its recent move toward a 52-week high reflects relative strength and outperformance versus the broader index
Opening angle
Reliance continues to position itself as a core market leader, driving India’s integrated transformation across energy, telecom, digital services, and organised retail. The recent up-move is not just a technical breakout but is supported by improving fundamentals and multi-sector momentum.
Data-backed drivers of the bullish view
*Strong year-to-date price performance and notable market-cap addition, reflecting institutional accumulation.
*A clean technical breakout structure with higher highs and higher lows, confirming a trend-following setup.
*Telecom tailwinds remain intact as ARPU continues to scale, supported by broadband penetration, enterprise solutions, and potential tariff hikes, which act as near-term earnings catalysts.
*Retail growth remains robust, backed by Q3 FY25 store additions, healthy revenue growth, and margin expansion, reinforcing Reliance’s position as a dominant consumer platform.
*The O2C business shows signs of margin improvement, aided by favourable spreads and stabilising global demand.
*Investments in new energy capex (solar, hydrogen, storage ecosystems) add a medium- to long-term rerating layer to the overall business.
Sectorial framing
Reliance functions as a multi-sector proxy for India’s economic cycle:
*Energy: O2C + renewables and cleaner fuels
*Telecom/Digital: broadband, enterprise solutions, digital transformation
*Retail: organised consumption, offline + online integration
Bullish View (Primary Bias)
*Buy Above: ₹1597 (Early Breakout Zone)
*Target 1 (Swing): ₹1753
*Target 2 (Short-Term): ₹2025
*SL: ₹1471 (Primary Support)
Disclaimer: tinyurl.com/59ypbsrh
Opening angle
Reliance continues to position itself as a core market leader, driving India’s integrated transformation across energy, telecom, digital services, and organised retail. The recent up-move is not just a technical breakout but is supported by improving fundamentals and multi-sector momentum.
Data-backed drivers of the bullish view
*Strong year-to-date price performance and notable market-cap addition, reflecting institutional accumulation.
*A clean technical breakout structure with higher highs and higher lows, confirming a trend-following setup.
*Telecom tailwinds remain intact as ARPU continues to scale, supported by broadband penetration, enterprise solutions, and potential tariff hikes, which act as near-term earnings catalysts.
*Retail growth remains robust, backed by Q3 FY25 store additions, healthy revenue growth, and margin expansion, reinforcing Reliance’s position as a dominant consumer platform.
*The O2C business shows signs of margin improvement, aided by favourable spreads and stabilising global demand.
*Investments in new energy capex (solar, hydrogen, storage ecosystems) add a medium- to long-term rerating layer to the overall business.
Sectorial framing
Reliance functions as a multi-sector proxy for India’s economic cycle:
*Energy: O2C + renewables and cleaner fuels
*Telecom/Digital: broadband, enterprise solutions, digital transformation
*Retail: organised consumption, offline + online integration
Bullish View (Primary Bias)
*Buy Above: ₹1597 (Early Breakout Zone)
*Target 1 (Swing): ₹1753
*Target 2 (Short-Term): ₹2025
*SL: ₹1471 (Primary Support)
Disclaimer: tinyurl.com/59ypbsrh
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Declinazione di responsabilità
Le informazioni e le pubblicazioni non sono intese come, e non costituiscono, consulenza o raccomandazioni finanziarie, di investimento, di trading o di altro tipo fornite o approvate da TradingView. Per ulteriori informazioni, consultare i Termini di utilizzo.