BUY RELIANCE FOR MID TO LONG TERM

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• The stock is trading within an upward channel, showing a long-term bullish trend.
• It has recently touched the lower trendline of the channel, suggesting a potential support level.
• The current price is 1,276.35, which is near the lower boundary of the trendline, making it a possible buying opportunity.
• A bullish candle at this level could confirm a reversal.
• Stop-loss: Below the lower trendline (around 21,150 to 21,200). Short-term target: 1,400 - 1,500 (if it bounces from support).
2. Medium-term target: 1,600 - 1,700
(previous high).
3. Long-term target: 1,900 - 2,000
(upper channel resistance).

Penafian

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