2. Reliance has potential to move to Rs 1,786, Rs 1,920 or Rs 1,965 in the short-term. However a key concern is its negative divergences in the daily oscillators which calls for exercising caution in the stock.
3. As a strategy one can buy this stock till the time it remains above the level of Rs 1599 and if this support is broken than one next support is at Rs 1,499. It is likely that stock will consolidate for some time in range of Rs 1800-1600 and if it crosses RS 1825 than it will target the level of Rs 2040.
Click Here to Subscribe for Free Tips in Email