Reliance Industries Futures – Weekly Analysis (6–10 Oct 2025)

RELIANCE1!
Reliance is currently trading near 1,371.80, trying to lift above a descending trendline after an extended correction phase. The price action is testing a critical neutral zone near 1,371, which will dictate the weekly bias.

Bullish Weekly Case
Long Entry (1,384):

Long positions are favored above 1,384, signaling recovery momentum after breaking the downtrend resistance.

Additional long exposure near 1,380 is advisable if pullbacks hold and price consolidates above this level.

Upside Targets:

1,390 (Target 1): Initial resistance from past swing highs and profit taking may occur here.

1,401 (Target 2): Extension target aligned with previous price peaks.

Stop Loss:

Place stops below 1,374 or more conservatively below 1,353 to manage risk on failed reversals.

Bearish Weekly Case
Short Entry (1,377):

Shorts activate below 1,377, confirming failure to escape downward pressure and potential continuation of the correction.

Downside Targets:

1,353 (Target 1): Key support from recent lows, often a bounce zone.

1,342 (Target 2): Extended support and potential target if bears gain full control.

Stop Loss:

Cover shorts if price rallies and sustains above 1,384 to avoid losses on false breakdowns.

Key Structure Points
Neutral Zone (1,371):

Price here reflects indecision, acting as a pivot between bulls and bears.

A sustained weekly close above this zone supports bullish bias; failure to hold by week-end increases downside risks.

Descending Trendline:

Breaking above the descending trendline is encouraging for buyers.

Failure to close firmly above may invite further selling pressure.