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.
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