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RELIANCE INDUSTRIES LTD.
Short
Updated

Reliance - Trending Down

1267
It is been observed on the daily chart that the price action is forming lower lows and indicating further weakness ahead.

Target 1- 1540

Target 2- 1510

SL - 1600
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Chart Update:
snapshot

In the above hourly chart, until the price action closes above 1590-1600 levels, the stock is in the down trend and shall dip further down. Keep sitting tight. Thanks
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Trade closed: target reached
Target 1 reached and looking further weak ahead.
Trade closed manually
NeeteshJain
Technical IndicatorsRELIANCETrend Analysistrendingdown

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Technical IndicatorsRELIANCETrend Analysistrendingdown
NeeteshJain

Related publications

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.