Reliance Industries Ltd (NSE: RELIANCE) is currently trading at ₹1452.20 with visible volatility in the last few sessions. The 30-minute chart from TradingView signals an interesting technical setup, with price reacting sharply to moving averages and Bollinger Bands, hinting at possible near-term turning points.
This article decodes the latest Reliance share price analysis today using candlestick patterns, technical indicators, and macro cues, and provides short-term intraday targets with stoploss levels for the next 30, 60, and 120 minutes.
🔍 Technical Overview: Candlestick, EMA & Bollinger Bands
1. Candlestick Pattern Analysis
Recent candles on the 30-minute chart show price rejection near the upper Bollinger Band, with multiple long upper wicks around the ₹1468-₹1470 zone — a sign of selling pressure at higher levels. The last bullish candle failed to close above the prior high, indicating possible exhaustion in buying momentum.
Moreover, the latest candle has a small body with long wicks, suggesting indecision — a classic sign of a potential short-term reversal if not followed by strong volume buying.
2. Bollinger Bands (BB)
- Upper Band: ₹1468.80
- Lower Band: ₹1435.82
- Mid Band (SMA 20): ₹1452.31
Price is hovering around the midline. This neutral zone often acts as a pivot. A break above ₹1455 could lead to an upper band retest, while a drop below ₹1445 may invite further selling toward the lower band.
3. Exponential Moving Averages (EMA 20/50/100/200)
- EMA 20: ₹1451.52
- EMA 50: ₹1447.60
- EMA 100: ₹1440.54
- EMA 200: ₹1431.05
Price is trading slightly above all EMAs. However, the flat EMA 20 and EMA 50 indicate loss of momentum. If Reliance fails to hold above ₹1450, it may retest ₹1440 or even lower support at ₹1431, the EMA 200 zone.
📉 Market Sentiment and News Drivers
- Crude Oil Volatility: Reliance being a key player in the petrochemical and refining space reacts to Brent crude moves. Any sudden jump in oil prices may put pressure on margins.
- Retail and Jio Expansion: Recent news on Reliance Retail’s aggressive expansion and Jio’s 5G rollout may fuel sentiment but lacks strong short-term impact.
- Institutional Volume: Volume is moderate (~130K), with no signs of a breakout or breakdown — suggesting sideways to weak momentum in the immediate term.
🎯 Reliance Share Price Forecast (12 June 2025)
⏱️ Next 30 Minutes Forecast
- Target: ₹1456.00 (if holds above EMA 20)
- Stoploss: ₹1447.00 (below EMA 50 breakdown risk)
⏱️ Next 60 Minutes Forecast
- Target: ₹1460.50 (if bullish candles form above mid BB)
- Stoploss: ₹1442.00
⏱️ Next 120 Minutes Forecast
- Target: ₹1468.00 (upper BB retest scenario)
- Stoploss: ₹1435.00 (lower BB breach risk)
These forecasts depend heavily on whether price holds above the EMA 20 and avoids closing below ₹1445. A sharp move in Nifty or crude oil could act as a catalyst.
💡 Why These Targets Are Realistic
- EMA Cluster Behavior: Price staying above 20/50 EMA shows buyers still present — but indecision candles hint a short-term test of support.
- Bollinger Band Reaction: Flat midline suggests consolidation. A breach in either direction could lead to a sharp 10–15 point move.
- Low Volume Breakout Risk: Without volume confirmation, sudden moves could be traps — hence the tight stoplosses.
📌 Final Thoughts: What Traders Should Watch
- A bullish confirmation candle above ₹1455 with volume could signal a breakout toward ₹1468.
- A close below ₹1445 might trigger EMA 100 and EMA 200 tests.
- Keep an eye on crude oil trends and broader Nifty sentiment for intraday cues.
In conclusion, Reliance stock is in a wait-and-watch zone. Intraday traders must remain cautious around the ₹1447-₹1455 level and respect EMA zones for entries or exits. Avoid aggressive positions without breakout confirmation.
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