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RELIANCE

Reliance Industries: Could be great momentum trade!!Reliance recently raised its mobile tariff. So the stock is in news. Stock was trading in a range (rectangle pattern, darvas box, accumulation stage. After the announcement of the tariff hike by the company, its stock price broke out from the range. This breakout could be the continuation of the uptrend of the stock, and in coming days we have see further rise in the stock price of reliance. Pattern gets invalidated if it breaks down from the range.
NSE:RELIANCELong
by Pranam18
RELIANCE (Reliance Industries Limited) - Swing TradeClosing Price: ₹2,972.1 Change %: 1.74% Volume: 7,304,130 High: ₹2,984.45 Reliance Industries, a market heavyweight, saw a 1.74% increase, closing close to its intraday high. The considerable volume signifies robust investor confidence. Given Reliance's diversified business portfolio and market influence, the stock is likely to maintain its upward momentum, making it an attractive swing trade option. Kindly conduct thorough analysis and consider market conditions before making any trading decisions.
NSE:RELIANCELong
by ruelfernandes