Reliance Industries Dragon Fly Doji in Weekly chart at SupportHi this is Kapil,
Reliance Industries took support at 1257 on weekly and monthly support area, Made Dragon Fly Doji on weekly chart as well
Bulls can be seen pulling the price back above the support level of 1237.
after 43% upside swing in one year from oct 2023 to oct 2024 the stock looks in minor consolidation period
to a possible reversal we can plan adding reliance in our portfolio with annual returns of 25-20% for 2025 year.
Next support below 1200 is at 1004. So add near here and @1015
Near term targets are 1405 and 1569 in 2025-2026.
Special Note- Reliance will actually be used as index management tool so every hourly oversold portion can be seen
as possible reversal for intraday basis.
Consult your Financial advisor before making any decisions
