Kuldeep_Soni

Reliance Industries: Long Position Idea

Long
NSE:RELIANCE   RELIANCE INDS
Big Boy of Indian Stock Market has given breakout from its most important resistance which was intact since 15/10/2020.

Buy between 2227 - 2240

TGT: 2390
SL: 2173
RR: 1:3

Disclaimer:
This idea is presented just for educational purpose only. You will be solely responsible for your own money & decisions you take.

Comments

when do you think it'll reach 2350? It is declining for the last 3 days... So is it gonna rise again this week?? or maybe next week??
Reply
Kuldeep_Soni sanket2383
@sanket2383, Dear Sir,
After rally of almost 14% (1976 - 2250), stock is in consolidation phase. It might take 1 - 3 week's time to begin its upward journey.
Keep an eye of strong support zone of 2173 - 2212
Happy Trading!
Reply
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