Anand James believes RIL could see a short-term respite from persistent selling, aiming for 1490-1520 on Monday, having retraced 62% of its Oct 2025-Jan 2026 upmove. However, if the 1460 level fails to hold, the stock could decline towards 1420-1370.

Anand James’s track record: 14 graded calls · 95% CI 12–55%

Reliance IndustriesBullishCalled 12 Jan 2026Graded 23 Aug 2026
Verdict:MISS

Reliance Industries declined from ₹1483.20 to ₹1390.40, failing to hold the ₹1460 level and moving towards the lower target range.

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