Technical Stock Idea - Buy Reliance Industries Ltd For Target Rs. 3300 - Monarch Networth Capital
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Reliance Industries Ltd
Stock has been making higher top- higher bottom formation on the weekly chart and trading in the uptrending channel. Stock has made higher bottom formation last week at 200 Weekly EMA level. It has also closed with Bullish candlestick formation on the weekly chart.
Recommendation is to Buy in the range of 2580-2630 keeping Stop loss at 2249 level and Target at 3000-3300 levels.
Weekly Chart:
Buy : Reliance Industries Ltd Buy range: 2580-2630 CMP: 2615 SL: 2249 TARGET :- 3000-3300 TIMEFRAME: 4-6 MONTHS
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