A Company of CNX100/CNX 500/MIDCAP
ISIN CODE  INE002A01018

Face value – 10.00
Market lot – 1
Turnover in Rs.Lakhs – 79399.95
Total traded quantity – 3967062
52 Week High/Low – 2535.00/930.00

Current Price – 2025
Current Trend – POSITIVE BIAS

Support: 1910, 1800
Resistance: 2450,2580

Stop Loss – 1900
Target – 2500

Technical Report:

Technically RELIANCE looks to be bullish as good recovery is expected till the level of 2500 and above.

All important indicators are making RELIANCE a bullish stock. Trend reversal had occurred from the level of 1500. Good recovery is expected till the level of 2500.

If RELIANCE manage to trade and sustain above the level of 2025 more recovery is expected till the level of 2500.

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 is expected to come at this level.

Our recommendation is to go long (buy) in RELIANCE. Buy RELIANCE above the level of 2025 with stop loss of 1900 with target of 2500.

Our recommendation is for two to three month time.