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Reliance Industries Long @ Rs. 1900 or Below

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Support and Resistance Supply and Demand Multiple Time Frame Analysis
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supportandresistance supplyanddemand mtfa
RELIANCE
Entry 1900 or cmp
Target 2069.8
SL 1847.8
CMP 1899

RIL is currently trading at App 1899. Stock is in downtrend for short terms and Price have entered at weekly Demand zone. if down fall continues then it has demand zone for 1 hr also, So overall downside probability is low, One can enter in long trade in cash segment only . Buy and hold for the 10-12 trading sessions.

Disclaimer: author may enter in trade, take your own decision , This is an trading idea not an trading or Investment advice.
Dagangan ditutup secara manual:
Overall movement is sluggish , if entered then closed the position at CMP 2033 in profit.
Penafian

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