Reliance Ind
Updated
Reliance Ind - Cmp 1947
Looks good to accumulate at current levels with sl 1835 on closing basis.
There is a small resistance at 1961. Safe traders can buy once closing above 1961.
Reason:
1. Favorable risk reward ratio.
2. Positive bullish divergence.
Looks good to accumulate at current levels with sl 1835 on closing basis.
There is a small resistance at 1961. Safe traders can buy once closing above 1961.
Reason:
1. Favorable risk reward ratio.
2. Positive bullish divergence.
Note
Made high of 2044 but unable to close above 2040 where exactly is the resistance shown in the chart. More upside possible once closing above 2040.Note
Made high of 2105 today. More upside once closing above 2100.Note
Made high of 2250. Now it needs to sustain above 2220 for further upside and next possible targets of 2300-2350.Note
2274 high so far.
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.