praveen.gupta

Long Reliance Rs1115

Long
praveen.gupta Updated   
NSE:RELIANCE   RELIANCE INDS
RELIANCE

Entry Rs 1115
SL Rs 1055
Target 1250
Reliance is currently trading at Weekly Demand Zone and has multiple time support a this price , This has also retraced 100% from previous upward movement,
reliance is working on multiple area and crude price did not impact it , since it's major role is processing of crude so price is not a challenging factor, RSI is also in oversold zone
so as fear factor removes it may move upward for the target price.
Trade closed: stop reached
Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.