Reliance Ind

٢٦ أبريل ٢٠٢١

Reliance Ind - Cmp 1947
Looks good to accumulate at current levels with sl 1835 on closing basis.
There is a small resistance at 1961. Safe traders can buy once closing above 1961.

Reason:
1. Favorable risk reward ratio.
2. Positive bullish divergence.

٣٠ أبريل ٢٠٢١

ملاحظة

Made high of 2044 but unable to close above 2040 where exactly is the resistance shown in the chart. More upside possible once closing above 2040.

٢٨ مايو ٢٠٢١

ملاحظة

Made high of 2105 today. More upside once closing above 2100.

٨ يونيو ٢٠٢١

ملاحظة

Made high of 2250. Now it needs to sustain above 2220 for further upside and next possible targets of 2300-2350.

٣٠ يوليو ٢٠٢١

ملاحظة

2274 high so far.