Reliance (RELIANCE INDS): Upward trend to continue
Reliance is trading in the channel with an upward bias on a weekly chart.
2600 and 2710 are levels to watch out for.
Above 2710, 3253 is the next level where the price can meet resistance as per Fibonacci.
Strong support visible at 2331, in case of retracement.
Also, stock is above the 40 and 10 weekly EMA.
2600 and 2710 are levels to watch out for.
Above 2710, 3253 is the next level where the price can meet resistance as per Fibonacci.
Strong support visible at 2331, in case of retracement.
Also, stock is above the 40 and 10 weekly EMA.
Trade active
Breakout above 2710 achieved yesterday.
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