Reliance - Bullish or Bearish
If you look at Reliance Chart - you will realise that it has retracted approx Rs. 270 (10%) from recent high and taking support at 0.38 Fib retract levels. Given the news of Reliance-Aramco deal in back burner - I hope the fall is compensated and as we saw on Thursday Reliance closing in positive vis -a-vice Nifty's 0.75% fall.
If overall Nifty supports than we can see Reliance hovering around here for sometime and then start journey again for breaching & creating new high.
If overall Nifty supports than we can see Reliance hovering around here for sometime and then start journey again for breaching & creating new high.
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.