Reliance has given a fresh breakout with good intensity of volume, one can go long at these levels or in dips with stoploss of 2010, for targets of 2158 to 2620, mentioned on chart.
Key Levels are Mentioned on chart
Breakout with Good intensity of Volume
Macd in daily positive...
Ofcourse a good fundamental company, gave excellent results, recent positive news on the oil sector is good for us to go long, jio is doing well and moreover, 1830 - 1900 being an accumulation zone makes me look for going long. Targets Sl are mentioned in the chart.
Reliance has been correcting continuously after the rumours of health issues of Mukesh Ambani. The undercurrent however was rationalisation and consolidation after a solid upmove.
The news flow stopped and whatever was due was bad news regarding Future Retail deal. Perfect time to enforce correction. Anyways reliance has had its share of limelight and next...