Reliance has single-handedly lifted Nifty to Precovid levels. We witnessed chains of investments in Reliance for a couple of weeks. I am expecting Reliance to take support at 2030.
Target - 2030
Note: This is for educational purpose only. Do not trade in F&O based on this analysis.
21 EMA has acted as a dynamic support previously. There seems to be a bullish bounce from 21 EMA again. Moreover, there seems to be a bullish trendline breakout in RSI as well. RSI above 60 indicates bullish momentum.
Since last couple of session we seen good uptrend in reliance due to lots of fundamental triggers. This is one of the strongest fundamental stock. Now if it trading above 2290 level then we will see next target 2500 in short term time period.
Buy Reliance Above 2290
Intraday Target - 2350
Short Term - 2420 2500
This is my personal view on...
Targets on the chart.
Disclaimer : The opinions and analysis expressed herein are for informational and educational purposes only and should not be considered as individual investment advise or recommendations. I am not your financial advisor. Risk it for Biscuit.