Posted on March 4, 2025, by Niftynews
The Reliance share price has been on a downward spiral, falling to a 15-month low as of March 3, 2025. This decline follows a broader trend that began after the stock failed to maintain its upward momentum following its all-time high of ₹1,609 in July 2024. Since the end of January 2025, Reliance Industries share price has dropped by 8.5% and a staggering 28.2% from its peak. The company’s stock is now testing critical technical levels, and the Reliance share is facing significant downside risk.
Reliance Stock’s Struggles with Key Support and Resistance Levels
The Reliance share price has struggled to maintain support above key levels, particularly the super trend line. For several months, this indicator held strong at ₹1,200, providing a crucial point for investors looking for signs of stability. However, over the last two trading sessions, the stock has consistently traded below this support level, which signals a potential shift in the stock’s long-term uptrend. If the Reliance share price closes below this level at the end of the month, it could signal the end of its 11-year long-term uptrend. This would be a major signal for investors and traders alike, as it may mark the start of a more prolonged downtrend for the stock.
On March 3, 2025, the Reliance stock was trading at ₹1,167, showing a negative bias. The fall in stock price is further compounded by a dispute with the Ministry of Petroleum and Natural Gas over a $2.81 billion demand, related to a gas migration issue. This long-standing dispute could potentially add further pressure on the stock in the coming weeks.
Downside Risk and Technical Indicators
The current technical indicators suggest that Reliance Industries share price is facing significant downside risk. If the stock continues its downward trend, it could test lower levels that would be reminiscent of the stock’s performance several years ago. The Bollinger Bands on the monthly chart suggest that the stock could test ₹1,065, the lower end of the bands. Additionally, the 100-MMA (Monthly Moving Average), which is currently positioned around ₹935, indicates that there is potential for the stock to test these levels in the near future, representing a downside risk of 19.9% from current levels.
If the Reliance share price were to reach this ₹935 level, it would mark a 46-month low. This represents a 20% decline from where the stock currently stands. For Reliance Industries shares, this potential fall represents a major shift, as it would signal a break in the long-term upward trend that has been in place for over a decade. Investors will need to stay cautious and prepared for further declines if the stock fails to show any signs of stabilization soon.
Technical Outlook and Resistance Levels for Reliance Stock
The current technical outlook for Reliance share remains bearish, as the stock is trading below all of its key moving averages. The short-term prospects for the stock look grim, as Reliance stock faces consistent downward pressure. Analysts believe that the Reliance share price will continue to struggle as long as it remains below ₹1,175, the first key resistance level. Until the stock breaks this ₹1,175 resistance level, it is expected to continue facing downward pressure in the short term.
Looking further into the future, the next key resistance for the Reliance share price is at ₹1,260. As long as the stock remains below this resistance, the overall bearish trend will likely persist. The Reliance Industries share price could continue to decline until the stock breaks above these crucial resistance levels, signaling a potential reversal.
What’s Next for Reliance Stock?
The Reliance share price is at a critical juncture, and the coming weeks will be crucial in determining the future direction of the stock. The 15-month low the stock is currently trading at could just be the beginning of a more prolonged decline if the market continues to react negatively to the company’s technical setup and its ongoing legal challenges.
A monthly close below the key support level of ₹1,200 would confirm the end of the 11-year long-term uptrend, and investors should prepare for the possibility of further declines. If the Reliance share price breaks below ₹1,135 and heads toward ₹1,065, the stock could experience further downside risk, potentially testing levels not seen in years.
As Reliance Industries faces more pressure and downward movement, the short-term outlook remains bearish. Until the stock shows signs of stability or a clear bullish reversal above key resistance levels, investors should exercise caution.
Final Thoughts on Reliance Share Price Outlook
The Reliance share is currently facing significant technical headwinds. With the stock trading below its long-term super trend line support, there is a potential for further downside. The Bollinger Bands and 100-MMA indicators suggest that the stock could fall further, with the possibility of testing a 46-month low in the coming months. Investors must carefully monitor the stock’s movement, especially in relation to key support and resistance levels. If the Reliance share price fails to hold above ₹1,200 and continues to move lower, it may be wise for investors to reevaluate their positions in the stock.
