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Reliance Industries Limited - Long Trade

Long
RELIANCE INDS (NSE:RELIANCE)  
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NSE:RELIANCE   RELIANCE INDS
Parallel Channel Trend Analysis RELIANCE relianceindustries LONG
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parallelchannel trendanalysis reliance relianceindustries long
Reliance taking support at two year long channel. RSI also taking support near 40 levels.
Holding horizon - 6-7 months.
Targets - Around 3100
Stop Loss - 2200
This is a setup with good risk reward. I will prefer a covered call (stock in cash with shorted OTM call) in case IV rise, else plain vanilla cash stock.

Please Note - This is not a trading advise, only for informational purposes.
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