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1. Reliance Industries has a key support at 2,250 which has been broken by this Indian stock . Stock has on lower side targets of 1,900-1,800 in the coming weeks.
2. However one need not be that pessimistic for the stock as it has the tendency to bounce back and if it bounces back, it has a target of Rs 2,180-2,200-2250-2325.
3. The trend for stock has turned negative and one can again short the stock around 2200 once it bounces back.
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