On the daily chart, the stock has witnessed “Consolidation Range” breakout at 2460 levels on a closing basis along with rising volumes.
On the weekly chart, this buying momentum was observed from its earlier breakout zone of 2370 levels
This buying momentum was observed Reliance Industries Limited Weekly Tech Picks 24 September from 20-day SMA (2378) which reconfirms bullish sentiments
The daily and weekly strength indicator RSI is in bullish mode along with positive crossover which supports rising strength
The above analysis indicate an upside of 2550-2600 levels Time period is 3 to 4 weeks.
On the weekly chart, this buying momentum was observed from its earlier breakout zone of 2370 levels
This buying momentum was observed Reliance Industries Limited Weekly Tech Picks 24 September from 20-day SMA (2378) which reconfirms bullish sentiments
The daily and weekly strength indicator RSI is in bullish mode along with positive crossover which supports rising strength
The above analysis indicate an upside of 2550-2600 levels Time period is 3 to 4 weeks.
Comment:
ALL TARGETS ACHIEVE.