Chart Idea– Reliance Industries
We have seen a mind-blowing rally in RIL from 1695.55 to 1793 levels. It has now formed three consecutive bullish candles on a daily chart which indicates strength in it.
As we know that reliance industries are the largest known company in India and investing in it will be fruitful.
Support at 1690 and resistance at 1825. Traders can try to grab the opportunity to buy around 1750 with stop loss below 1690 for the upside target of 1825.
Three consecutive close + weekly close above 1825 will take it to 2050+++ levels in days to come.
Our short term positive view will negate on a close below 1690 levels but overall it is a quality stock.
Ab isme invest nahi karenge toh kisme karenge?
Buy Reliance industries around 1750 with stop loss below 1690 for an upside target of 1825 and 2050.
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