Reliance Industries - Ready for a bounce
Index heavyweight Reliance is at long term Support trendline.
A Resistance trendline from 2018 to 2020 has turned into a Support trendline, post Covid rally in the market. Price has bounced multiple times from this trendline in the past.
This presents a low risk buying opportunity in Reliance Industries, with a stop below 1200 (on a monthly closing basis).
Good luck, Happy Trading!
A Resistance trendline from 2018 to 2020 has turned into a Support trendline, post Covid rally in the market. Price has bounced multiple times from this trendline in the past.
This presents a low risk buying opportunity in Reliance Industries, with a stop below 1200 (on a monthly closing basis).
Good luck, Happy Trading!
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