Reliance shares may climb to Rs 1,575 in 3-4 months, says Manas Jaiswal

What happened

Technical analyst Manas Jaiswal said Reliance Industries shares could reach Rs 1,550–1,575 within three to four months, citing bullish chart signals and past rallies after support near Rs 1,100–1,150. The article reports an 11.6 percent rise on November 2 after the company posted record September-quarter earnings.

Confirmed

Global impact / market context

If the forecast proves right, investors buying at current levels could gain, while a fall toward the stated support zone could bring losses. The view may also influence short-term trading in Reliance shares, but it does not establish how the company’s earnings or cash flows will develop.

Analyst inference

The article links the share rise to record September-quarter earnings and reports that Reliance led gains among Sensex and Nifty companies that day. Jaiswal’s price target is based on chart patterns, not a stated forecast of future revenue, costs, or profits.

Analyst inference

What to watch

1. Watch whether the shares hold near the Rs 1,100–1,150 support zone Jaiswal identified; a break below it would challenge his chart-based bullish view. Analyst inference
2. Compare later share performance with Jaiswal’s Rs 1,550–1,575 target over three to four months; this is his forecast, not a confirmed outcome. Proposed
3. Look for subsequent company results to show whether earnings strength continues, since the article cites record September-quarter earnings but gives no later financial figures. Analyst inference

Evidence

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