A Company of CNX100/CNX 500/MIDCAP

Face value – 10.00
Market lot – 1

Turnover in Rs.Lakhs – 5090.13
Total traded quantity – 510534
52 Week High/Low – 1286.50/233.00

Current Price – 975
Current Trend: POSITIVE BIAS

Support: 945,800
Resistance: 1220,1450

Stop Loss – 940
Target – 1220

Technical Report:

Technically RELIANCE INDUSTRIAL INFRASTRUCTURE LIMITED (RIIL) looks to be bullish as good recovery is expected till the level of 1220 and above.

All important indicators are making RIIL a bullish stock. Trend reversal had occurred from the level of 800. Good recovery is expected till the level of 1220.

If RIIL manage to trade and sustain above the level of 1000 more recovery is expected till the level of 1220.

MACD are giving buy signal to this stock. Here 20DMA are crossing the 200DMA from down, which is supporting the MACD signal of buying. Even the trade is heading towards bullish trend.

MFI is at recovery level, which is showing positive trend, more buyers are expected to come at this level.

Even increased volume is going to play important role for this stock.

Our recommendation is to go long (buy) in RIIL. Buy RIIL above the level of 975 with stop loss of 940 with target of 1220.

Our recommendation is for one to two Months time.