Can RIL stock hit ₹ 2,000-mark post Q4 results in 12 months? Trading view

RIL stock has gained 8% in the last 2 months, after a 4-month consolidation around its key trend line support - a key technical indicator the stock has been holding above since the last 11 years.

Reliance Industries (RIL) stock rallied over 3 per cent to a high of ₹ 1,340, and then quoted around ₹ 1,326 in early trade on Monday as investors cheered better-than-expected Q4 earnings. The trading volume, too, was brisk at the counter with more than 3.3 million shares changing hands at the NSE counter in the first 3 minutes of trade.  The Mukesh Ambani-led oil-retail-telecom conglomerate - Reliance Industries - reported a 2.4 per cent year-on-year (YoY) increase in its consolidated net profit at ₹ 19,407 crore for the quarter ended March 2025; backed by a 10.5 per cent YoY growth in revenue at ₹ 2,61,388 crore.    RIL numbers were much higher compared to Bloomberg analysts' poll expectations. On a quarter-on-quarter basis, the company's net profit was up 4.7 per cent, and income up 8.9 per cent. READ MORE  Meanwhile, on the stock exchanges - the Bombay Stock Exchange (BSE) and the National Stock Exchange (NSE) - RIL stock has performed in line with the two benchmark indices. The stock has gained 8.3 per cent in the last two months, as against a near 9 per cent rally in the BSE Sensex and the NSE Nifty since the end of February 2025.  READ STOCK MARKET LIVE UPDATES TODAY HERE    On the BSE, the stock thus far has hit a 52-week low of ₹ 1,115.55 on April 7, 2025, and a 52-week high at ₹ 1,608.95 on July 8, 2024 - which is also the life-time high.  The long-term chart shows that the recent 2-month rally has come after a 4-month long consolidation around a very important long-term trend line support - a key technical indicator that the stock has been respecting since May 2014. The monthly super trend line support now stands at ₹1,192 levels. Despite interim dips below the same RIL stock has successfully managed to hold above this level on a monthly closing basis.      Now with RIL posting solid Q4 results, can the stock outperform the market and break free from here on? Can RIL stock hit the ₹ 2,000-mark in the next one year?  Here's what the technical charts suggest. 

Reliance Industries (RIL)

  Current Price: ₹ 1,326  Upside Potential: 22.3% - 50.8%  Downside Risk: 8.4%  Support: ₹ 1,300; ₹ 1,271; ₹ 1,250  Resistance: ₹ 1,341; 1,371; 1,419; ₹ 1,467  RIL stock has rallied as much as 19 per cent from its 52-week low in the last three weeks. The stock is now seen testing resistance around its 200-Daily Moving Average (200-DMA), which stands at ₹ 1,341. The stock has been trading below this key long-term moving average since October 3, 2024. Break and sustenance above the same is likely to have a positive impact on the trading sentiment at the counter. CLICK HERE FOR THE CHART  Apart from the 200-DMA, the stock also faces overhead resistance around ₹ 1,351, ₹ 1,363 and ₹ 1,371 levels. These resistance levels also coincide with the 20-Monthly Moving Average (20-MMA), which stands at ₹ 1,350. Thus it does seem imperative for the RIL stock to clear this resistance zone.  Technical chart suggests that break and sustained trade above the resistance zone, can trigger a potential rally towards its life-time highs levels. Intermediate hurdles for the stock can be anticipated around the yearly Fibonacci resistance levels (R-2) and R-3 at ₹ 1,419 and ₹ 1,467 levels, respectively.    Break and sustained trade above ₹ 1,467 can lead the stock towards a new life-time high around ₹ 1,622 levels; above which a rally towards the ₹ 2,000-mark seems possible. Key momentum oscillators on the daily and weekly are favourably placed; thus indicating that the stock is expected to find support in case of a dip.  The overall bias at the RIL counter is likely to remain positive as long as the stock sustains above ₹ 1,215 levels. Near support for the stock is placed at ₹ 1,300, ₹ 1,271 and ₹ 1,250 levels. 
 

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