RIL is taking nice support around 200 days EMA and it might be time to compound the stock. If you don't have Reliance it might be a good opportunity to add. If it goes down will definitely provide an opportunity to average on bounce. Further compounding can be done after it crosses and closes above 2578.

Targets: 2662, 2757.
Long term target: 2858.
Eventually it might reach 3000+.


One stock where I would not put a trailing stop loss. but if you want to keep a trailing stop loss you can keep it at closing below 1850.

Enough has been said about the stock on various occasions.
FibonacciRELIANCErelianceindustriesreliancelongstockstobuystockstowatchSupport and ResistanceTrend Analysis

Happy Candles Investment
Also on:

Disclaimer