Stock took support from 21 day EMA
on daily chart
is still below average. My EWT
counts still valid till the time RIL is trading below 1978. If it breaks 1978 and close above 1950 then I will change view to bullish
for 2180-2220, considering volume
expansion. Yesterday's, last 2 hours have witnessed some good volume
but I am still unsure about the quality of yesterday's price move. I will short RIL, if it comes to 1938-1948 with stop loss above 1978/1980.