#Reliance Industries Stock Trading Important levels
On 1 Hour Timeframe, Reliance Industries stock trading important levels. Time to wait for either breakout or Breakdown (reversal) for the Reliance Industries.
Breakdown Move
- Confirmation for breakdown will be if Relinace industries stock starts trading and sustain below 2956 level
- Downside rally nearly 50-60 points expected in case of breakdown
- Intermediate support expected near 2927- level
- Short Trader can place there stop loss if Reliance Industries Stock starts trading above 2973+ level
Breakout move
- Long side movement expected in case Reliance Industries Stock starts trading and sustain above 2973+ level
- Above this level Reliance Industries Stock can go upto the 3236+ level.
- Intermediate resistance expected near 3145+ level
- Long trader can place there stop loss if Reliance Industries Stock starts trading below 2956- level.
Breakdown Move
- Confirmation for breakdown will be if Relinace industries stock starts trading and sustain below 2956 level
- Downside rally nearly 50-60 points expected in case of breakdown
- Intermediate support expected near 2927- level
- Short Trader can place there stop loss if Reliance Industries Stock starts trading above 2973+ level
Breakout move
- Long side movement expected in case Reliance Industries Stock starts trading and sustain above 2973+ level
- Above this level Reliance Industries Stock can go upto the 3236+ level.
- Intermediate resistance expected near 3145+ level
- Long trader can place there stop loss if Reliance Industries Stock starts trading below 2956- level.
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