Above 1200 Reliance can move upward otherwise it will be bearish
Yt - chartpatern - YT - chartpatern
As of March 4, 2025, Reliance Industries Ltd. (RIL) shares closed at ₹1,161.70, reflecting a 0.80% decrease from the previous day. This positions the stock approximately 27.80% below its 52-week high of ₹1,608.95, achieved on July 8, 2024.
Your observation that RIL's stock may exhibit bullish behavior above ₹1,200 and bearish tendencies below this threshold aligns with recent performance. The stock's current price is marginally below this pivotal level, suggesting potential bearish momentum.
Analyst sentiment remains optimistic, with a consensus rating of 'Buy' and a median price target of ₹1,559, indicating a potential upside of approximately 24.38% from current levels.
In summary, while RIL's stock is trading below the ₹1,200 mark, indicating possible bearish trends, the prevailing analyst outlook suggests confidence in the company's long-term performance.
As of March 4, 2025, Reliance Industries Ltd. (RIL) shares closed at ₹1,161.70, reflecting a 0.80% decrease from the previous day. This positions the stock approximately 27.80% below its 52-week high of ₹1,608.95, achieved on July 8, 2024.
Your observation that RIL's stock may exhibit bullish behavior above ₹1,200 and bearish tendencies below this threshold aligns with recent performance. The stock's current price is marginally below this pivotal level, suggesting potential bearish momentum.
Analyst sentiment remains optimistic, with a consensus rating of 'Buy' and a median price target of ₹1,559, indicating a potential upside of approximately 24.38% from current levels.
In summary, while RIL's stock is trading below the ₹1,200 mark, indicating possible bearish trends, the prevailing analyst outlook suggests confidence in the company's long-term performance.
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Clause de non-responsabilité
Les informations et les publications ne sont pas destinées à être, et ne constituent pas, des conseils ou des recommandations en matière de finance, d'investissement, de trading ou d'autres types de conseils fournis ou approuvés par TradingView. Pour en savoir plus, consultez les Conditions d'utilisation.