Relaince Swing Trade
Reliance Industries Limited (RIL) looks attractive for a swing trade based on its current technical setup. The stock has been trading in an uptrend, with higher highs and higher lows, since December 2021, indicating a bullish sentiment. In addition, RIL's relative strength index (RSI) is currently above 50, indicating positive momentum. Furthermore, the moving average convergence divergence (MACD) indicator recently gave a bullish crossover, suggesting a potential short-term price increase. Finally, the stock's recent pullback to its 50-day moving average provides a good entry point with a favorable risk-to-reward ratio. Based on these technical indicators, RIL looks like a promising candidate for a swing trade with a target price of Rs 2461 and a stop loss of Rs 2,150
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