indiabizlist

SELL Reliance industries ltd (RIL)

Short
NSE:RELIANCE   RELIANCE INDS
A short (sell) signal is generated in reliance industries ltd and also the news about reliance industries comes recently about the penalty of 40 Crore by SEBI.
Also the sell signal on 4H timeframe is generated below the MA Band shown in the chart.
Put the stoploss above the high of the candle where the signal is generated. and the target might be 1974 and then 1854 (Long term).
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