RELIANCE INDUSTRIES - LONG
23-12-2020 ADDED NEW POSITIONAL INVESTMENT OPPORTUNITY
New Price Reversal Trade Idea
Reliance Industries
LTP ~ INR 1940/-
Profit Target Goal ~ 2350/-
Stop Loss ~ INR 1825/- Closing Below
ROI ~ 21% Long Term Holding
RRR ~ 3.57:1.00
Note:- High Financial Strength, Expensive Valuation With Technically Neutral
The stock from a technical standpoint is trading below to its 50DMA and around 7% up from its 200DMA. It needs to take out the 50DMA levels and stay above it to make any further meaningful move.
New Price Reversal Trade Idea
Reliance Industries
LTP ~ INR 1940/-
Profit Target Goal ~ 2350/-
Stop Loss ~ INR 1825/- Closing Below
ROI ~ 21% Long Term Holding
RRR ~ 3.57:1.00
Note:- High Financial Strength, Expensive Valuation With Technically Neutral
The stock from a technical standpoint is trading below to its 50DMA and around 7% up from its 200DMA. It needs to take out the 50DMA levels and stay above it to make any further meaningful move.
Ravikanth Chopperla
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