RELIANCE
Reliance near supportReliance might bounce back from 1960 levels to take the market up in my opinion. Only for education purpose, please don't trade on this .
1. Fib retracement 50% is at 1990.
2. It is trading in small channel since last few days. Any break above it will give good volumes on upside.
3. Long term support line is near 1950 to 1970 zone.
Given all these factors, unless global markets fall it might start seeing some buying interest from 1960 to 90 range.
Reliance industries 148% Return in 4 month.
From march24 2020 to till a date if you observe stock you can see upper and upper rally ,
after Facebook invest @1000 level 9%
its take speed to high
and recent jiomart is making business like earlier JIO mobile DATA plan
SO BE READY TO SAW NEW CHANGES IN MARKET.
THANK YOU FOR YOUR SUPPORT FOR MORE UPDATE FOLLOW AND Like IF you are new to market and wish to learn more you can contact me 7276209528
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This idea published is purely intended for educational and informative purposes, I urge traders to make their own trading decisions based on their specific trading objectives and financial position.