theguywhotrades

Time to get long on reliance

Long
BSE:RELIANCE   RELIANCE INDUSTRIES LTD.
RIL has been consolidating for a long time b/w 1950-2000 levels . The 1930 zone is a good demand zone, There has been some buying at support lower levels. If the news flow is good over the weekend, RIL can shoot up. Also, seeing the sentiment of the global markets, the following week seems positive. get long b/w1940-1950 for a target of 2050.

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