Reliance Industries
RELIANCE (1127) - Posted on 23rd April as "Support 965-955 & 935-925
**
After this post , it took support ,exactly, at the mentioned level of 935-925
(made lowest low 925 on 05th May) and from their, upward movement started and already attacked the mentioned upside target of 1140-1150 ,exactly, on 16th May itself (made high 1145.25) , from there corrected up to 1073.75 on 23rd May and as on last Friday it is once again near the mentioned upside (made high 1132).
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Now what next ?
Upside target 1140-1150 remain same
But trade and stays above that then ready for very big up move
First target 1250-1280
afterwards 1640-1680 & 1850-1880
and ULTIMATE UPSIDE TARGET 2800-2850
***
Hereafter down side support exists at
1070-1050 & 1000-980