If we see by virtue of Reliance stock, the share consolidated and remained in a tight range of Rs 2,050 and Rs 2,150. Till the time stock is above 2044 one can be positive on stock and thus one can hold their long positions. If rs 2044 level is broken than one can short as stock can touch the levels of Rs 2,007-Rs 1,727 or Rs 1,667 in the medium-term as trend of stock in medium term is down and same will only change once stock moves above 2201 on closing basis as thereafter stock can target levels of Rs 2,385-Rs 2,490.
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