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Reliance Industries - Overextended stock ripe for correction
RELIANCE
, 1DShort
RELIANCE: Reliance Industries - Overextended stock ripe for correction

In the last two months, the stocks that have contributed the most to the nifty bull run are reliance industries, hdfcbank and tcs. The results of Reliance Industries were ok but does not justify the high valuations the market has given to it. The short-term trend is way above the yearly trend of this stock and it looks ripe for a correction. On Friday the stock...

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