Big Boy Reliance : +15-24% Upside Potential

25 Nov 2022

25 Nov 2022 Reliance
Stock is hovering in the zone of 2500 +/-10% for the past 1 year, now showing some strength.

In Play : HH-HL

Summary
- Stock bounced from the VAH zone
- few weeks of low volume PB
- TL likely BO
- ATH is at 2856

Conclusion
- CMP 2618
- Test position can be initiated on BO of TL(as of now BO may fail : Low Volume @ TL)
- Rest Qty can be planned on RT of TL
- Higher targets could be around
• Short Term – 2757/2856/2928
• Long Term – 3038/3258(ATH @ 2856) need to see price action in the ATH zone to confirm higher targets

Wish You Happy & safe trading

Views are for ‘’EDUCATIONAL PURPOSE ONLY’’ trade at your own risk.

"Always Respect Risk"

Happy Trading
Jai Hind Jai Bharat