Reliance Industries

Reliance.jpg

Current Support near Rs 1300 – Rs 1350 area. Current Resistance – Rs 1580 – Rs 1590

If Reliance closes above Rs 1580 on a monthly basis, expect a rally till Rs 2250 – Rs 2350 within 1-2 years. Support base will shift to Rs 1600 – Rs 1650.

RSI is above 70, MACD is above ZERO mark – Bullish Indicator