1. This Indian share is seeing a sideways trend between Rs 1,670 and Rs 1,850. Reliance share is seeing a strong medium term resistance between Rs 1,800-Rs 1,850. However if stock is able to move past the level of Rs 1850 on weekly closing basis than stock can target level of Rs 2,100.
2. Short term strategy as per the technical indicators i.e. divergence which is negative in the daily momentum indicators means that stock can fall in short-term.
3. One can go long if share closes above the level of Rs 1,850. One can keep the level of Rs 1599 under eye which means that stock can fall further.
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