Reliance might bounce back from 1960 levels to take the market up in my opinion. Only for education purpose, please don't trade on this .
1. Fib retracement 50% is at 1990.
2. It is trading in small channel since last few days. Any break above it will give good volumes on upside.
3. Long term support line is near 1950 to 1970 zone.
Given all these factors, unless global markets fall it might start seeing some buying interest from 1960 to 90 range.
1. Fib retracement 50% is at 1990.
2. It is trading in small channel since last few days. Any break above it will give good volumes on upside.
3. Long term support line is near 1950 to 1970 zone.
Given all these factors, unless global markets fall it might start seeing some buying interest from 1960 to 90 range.