Reliance share price is facing heavy resistance in the 2400 level. Looks like the big players in the market are having trouble pushing the price up anymore. Looking at the daily chart's price action, you can see a lot of rejection near the 2370 level.
So, expect a decline in the stock price of reliance very soon. The target for sellers is 2000 level.
Buyers, on the other hand must wait for a correction to the 2000 level before thinking about buying.
Experience can never be picked up from the streets. Price has gone below 2000 which everyone else thought was impossible. A lot of people just talk here, not real traders. Continue your great work brother!!!
arnabbg
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Better entry after possible Retracement around near 2200
JaiGanesh27
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I think the author and his friends wants everyone to sell their stakes so that they can buy it at 2000 level but poor idea it's not gonna happen this company is literally a monopoly in lot of things having future prospects
@JaiGanesh27, I don't care what you or your conspiracy theory buddies think. Since I posted this idea, price has dropped more than 8%. So, your opinions don't matter to what the market wants.
JaiGanesh27
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@SynergyCapital, Its not just RIL but the whole market which fell down because of a fear of another lockdown in Europe which has a second wave but soon it will recover with the US stimulus package.
tradingcnc
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@JaiGanesh27, Exactly. The entire global market reacted to the second wave of lockdown in UK,Spain and so on and the investors are worried. Nothing you have mentioned has brought it down.
tradingcnc
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Hahahaah joke. So even with so much investments coming in you are saying it'll goto 2000?