praveen.gupta

Long Reliance Rs1115

Long
praveen.gupta Updated   
NSE:RELIANCE   RELIANCE INDS
NSE: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
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