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AbNamjoshi

Techno-Funda Chart of the Week. Reliance Industries. 28/8/21.

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RELIANCE INDS (NSE:RELIANCE)  
AbNamjoshi  
NSE:RELIANCE   RELIANCE INDS
Trend Analysis Technical Indicators Chart Patterns
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trendanalysis indicator chartpattern
In India we have 3 top indexes. Nifty, Sensex and Reliance. After a year long consolidation Reliance has given a breakout on Weekly and Monthly charts. Unfortunately, I am not able to share both the charts in a same window. Every Investor should have this stock in their portfolio. This is an excellent techo-funda pick. Im recommending to buy this stock for the target of 3500. For weekly basis keep a SL of 2000, whereas for long term investment (monthly chart) keep a SL of 1828. The RR ratio is 1:7 which is excellent.

View - Medium to long term.
Time - 1-2 Years.
Penafian

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