2026-10-16 10:48:31 am | Source: Religare Broking Ltd
Stock of the day - Reliance Industries Ltd Target Rs. 1285 - Religare Broking Ltd
Reliance Industries Ltd
Buy Reliance Industries Ltd CMP (Rs) 1215 Range* 1210-1215 SL1175 Target 1285
* Reliance Industries is signalling a potential bullish reversal following a strong recovery from a key demand zone, reclaiming and closing above the 20 DEMA.
* The upward move, accompanied by expanding volumes, indicates renewed buying interest and improving market participation.
* Momentum indicators are also displaying positive traction, supporting the prospects of further recovery.
* Traders may consider accumulating the stock within the recommended range.
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