CHART IDEA ON Reliance Infrastructure (NSE Symbol –RELINFRA)
The stock is consolidating for a long time and recently gives a breakout of triangle patterns on a daily time frame. We have seen a strong bull run in the past few trading sessions.
Strong volume in the stock also indicates a fresh bull run in the stock in days to come. We will expect a major rebound in this stock in days to come. The momentum indicator RSI too supports our bullish view in this stock.
Traders can buy around 121.35. We will expect upside targets till 133.50 and then to 140 levels in days to come. Support and stop loss below 110, a daily close below 110 will negate our bullish view in the stock.
We are a SEBI registered investment advisor. The above free information is for education/knowledge purposes. Read disclaimer on our website before investing.