---
title: "Reliance Industries — AGM 2026 Preview | Is ₹1,333 a Buy?"
ticker: "RELIANCE:NSE"
date: "2026-06-17"
tags: ["reliance","deep-dive","fundamental"]
summary: "Reliance analysis ahead of AGM 2026 — P/E 25.9, 3D P/E 19.1, Delayed telecom tariff hike, Jio Financial demerger gains. Entry zones ₹1,285-1,300, ₹1,190-1,210."
model: "deepseek-chat"
watchlist: true
priceAtAnalysis: 1333
support: 1210
resistance: 1400
supports: [1190, 1300]
resistances: [1400]
verdict: "ACCUMULATE ON DIPS"
---

# Reliance Industries Ltd — Deep Dive — Jun 17, 2026

**CMP:** ₹1,332.70 (+0.29%) | **MCap:** ₹17.97T | **P/E:** 22.25x (Reported), ~89x (Core)

---

## Technical Analysis — TradingView (1D)

**Summary:** NEUTRAL (8 Sell, 9 Neutral, 9 Buy)
**Oscillators:** NEUTRAL (1S, 8N, 2B)
**Moving Averages:** NEUTRAL (7S, 1N, 7B)

| Indicator | Value | Signal |
|-----------|-------|--------|
| RSI (14) | 52.52 | Neutral |
| MACD Level | -15.78 | Buy |
| Momentum (10) | 19.50 | Buy |
| Stoch %K | 60.13 | Neutral |
| SMA-50 | 1,348 | Sell (Price below) |
| SMA-100 | 1,376 | Sell (Price below) |
| SMA-200 | 1,422 | Sell (Price below) |

**Pivot Levels:** R1 1,425 | Pivot 1,369 | S1 1,265

**Key insight:** Below SMA-50/100/200 (bearish intermediate). Above EMA-10/20 (short-term bullish). MACD buy signal building. RSI 52.5 has room.

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## Fundamentals — Screener.in

- **53.9% of PAT from Other Income (₹23,630 Cr vs ₹43,843 Cr)**
- **Core PAT (ex-OI):** ~₹20,213 Cr → **Core P/E: ~89x**
- Revenue TTM: ₹10.56T | Debt/Equity: ~0.45x | Promoter: 50.3%

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## News & Catalysts — TradingView

1. **Jio IPO** — Filing "within days" per FT. Biggest catalyst ahead.
2. **Meta AI Data Center** — Partnership on AI infra in India.
3. **AGM Tomorrow (Jun 18)** — Jio timeline expected.
4. Rare Earth play (RIL + Vedanta + Adani)
5. Oil at $76 helps O2C costs

**Analyst 1Y Target:** ₹1,693.95 (+27.1%) | Rating: Neutral (JP Morgan)

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## Delivery — NSE Bhavcopy

**14-Day Avg: ~38.2%** | Days >50%: 0/14 | Trader-driven bounce, not accumulation.

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## Entry Strategy

**Risks:** Core P/E 89x, O2C structural decline, low delivery, AGM disappointment

**Plan (3-6 months for Jio IPO):**
- 40% at ₹1,310-1,325 | 40% at ₹1,265-1,285 | 20% at ₹1,200-1,210
- SL: ₹1,145 | T1: ₹1,425 | T2: ₹1,530 | T3: ₹1,694

**Setup:** Medium | **R:R:** Favorable (27% vs 14%)

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*Data: Screener.in | TradingView | NSE Bhavcopy | deepseek-chat*