RIL nears technical breakout amid Jio IPO buzz: Anand James shares the outlook
Geojit rate stocks including Reliance Industries.
· Economic Times Markets
Reliance Industries shares are showing early signs of a technical turnaround as investor attention remains focused on the planned Jio Platforms IPO. The stock has moved above its 10-day simple moving average for consecutive sessions for the first time since early September, while a broadening-wedge pattern is nearing an upside breakout. However, the recovery faces a key test near ₹1,220.
The analysis
Listing activity is a read on risk appetite — a hot primary market usually means a confident secondary one.
Market context
- Brokerage calls from Geojit, with ratings on the stocks named. The stocks: Reliance Industries.
- Over three months: Reliance Industries -9.9% against Oil & Energy -5.7% (4.2 points behind).
- At least 25% below the 52-week high: Reliance Industries (27%).
| Company | Price | Day | 1M | 3M | From 52-wk high | Volume vs 20-day | Market cap |
|---|---|---|---|---|---|---|---|
| Reliance IndustriesRELIANCE · Oil & Energy | ₹1,164.90 | -0.2% | -1.9% | -9.9% | -26.8% | 1.0× | — |
Oil & Energy
1M -4.8% · 3M -5.7%
Reliance Industries
Prices as of 30 Oct 2026, 16:10 IST. Sector moves are the average of the stocks we track in each sector.
In this story
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