Reliance Industries Share Price Prediction: Here’s Why A New All-Time High Isn’t Far Off

Summary:
  • Reliance Industries share price is within touching distance of its record highs and the fundamentals signal a prolonged bullish control.

Reliance has been demonstrating a strong momentum this week, thanks to firm global oil prices, structural transformations across its businesses, bullish target revisions. That momentum has raised the prospect of retesting its record high. The stock closed Wednesday’s session near twelve-month highs of ₹1,551, although it decline later in the day to register 1.28%  in intraday losses.

Nonetheless, that session brought Reliance (BSE: RELIANCE) within striking distance of its lifetime peak near ₹1,608, and a bullish undercurrent remains in play. The recent momentum reflects both sectoral tailwinds and company-specific developments that are drawing investor attention.

One of the primary drivers is the recovery in global crude oil prices. With U.S. shale production slowing and OPEC+ maintaining supply cuts, oil benchmarks are trending higher, directly benefiting Reliance’s core refining and petrochemical businesses. The market is responding positively to this. Investors have been pricing in improved gross refining margins, which are key profit levers for the company.

Beyond energy, Reliance Industries share price long-term narrative remains compelling. The company continues to invest aggressively in new energy, including solar, green hydrogen, and battery storage. Elsewhere, its digital arm, Jio Platforms, remains a growth engine, bolstered by continued subscriber additions and expansions into AI, cloud, and fintech ecosystems.

Also, Investors are watching for clarity on potential IPO timelines for Jio and Reliance Retail, as well as updates on its clean energy roadmap.  In addition, the upcoming Q1 release and AGM updates could  significantly influence the Reliance Industries share price trajectory in the final week of July.

Reliance Industries Share Price Prediction

Reliance Industries share price pivots at ₹1,515 and the momentum calls for further upside. The stock will likely rise up and encounter initial resistance at ₹1,40. However, a stronger momentum will break above that level and could extend the upside to test ₹1,560.

On the other hand, going below ₹1,515 will invite the sellers to take control. That could see initial support established at ₹1,500. Breaking below that level will invalidate the upside narrative, and the resulting momentum could push the price lower to test ₹1,483.