Last week Reliance was my chart of the week, however, the reason to put RIL again because of the great structure it has created on charts. One can see Ril has all time high (ATH) at 2364. Today it has broken its previous ATH and entered in to blue sky zone where there will be no upper limit for the stock. If we draw a trend line from ATH to previous swing high (yellow line), this week Ril has broken that resistance too which was around 2246. Moreover, it has given a cup and handle breakout on charts so in a way it has confirmed its all previous breakouts. This is a great Techno-Funda stock and each investor should have this stock in their portfolio.
The short term target would be 2784, however, if one can hold for long term it can go up to 4150.
View - Medium to Long term.
Time - 1-2 years.
The short term target would be 2784, however, if one can hold for long term it can go up to 4150.
View - Medium to Long term.
Time - 1-2 years.