Reliance industries in downwards bias
The stock jumbed aroud 14 August based on several positive announcements by the company. However, it failed to sustain the upmove and fell sharply on 3 Sep 2019. The stock is unable to enter positive RSI zone of >50. It is hovering around support of 1195. If this breaks, second support is at 1175 . If we see an upmove, there is strong resistance at 1242-1270 zone.
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