Reliance Industries | Buy Reliance Industries hit lifetime high of ₹2,198.8 in July and since then, it has been moving in a sideways trend. Whatsoever, the stock is still bullish as it continues to trade above ₹2,000. It will most probably rally sooner or later.
Note: The Supreme Court is likely to says its verdict on AGR issue on September 2 and this can impact the stock price. Watch closely.
RELIANCE
Its time to change trend on Reliance.It might take more some day to give breakout but higher probability is to short term downtrend will come.
And reliance will give small correction,
SO BE READY TO SAW NEW CHANGES IN MARKET.
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RELIANCE IMPORTANT LEVELS
THE LEVELS ARE CALCULATED BY FIBONNACI ANALYSIS.
AS YOU CAN SEE RELIANCE HAS RESPECTED THESE LEVELS IN THE PAST.
THE LONG TERM TARGET IS - 2446.45 THE END OF THE GREEN BOX
BUY NEAR THE IMPORTANT LEVEL OF 2070.70
FOR SHORT TERM TARGETS OF T1- 2136.90 T2- 2280.
NOTE THE PRICE ACTION NEAR THE IMP LEVELS AND TRADE ACCORDINGLY.
IMPORTANT LEVELS: 1977.45 , 2070.70 , 2136.90 , 2280 , 2315 , 2350.