NeeteshJain

Reliance - Trending Down

Short
BSE:RELIANCE   RELIANCE INDUSTRIES LTD
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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Comment: Chart Update:

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