So many factors influencing price of reliance.
Windfall tax ,Reliance missed the estimates.
However it never closed below the recent low around 2365.
on Friday it managed to close above 200 dma (it is hourly chart)
which is positive for it.Now it may attempt to cross 2542 which is its recent high on 20 th july.
Any decision for windfall tax may help the price of Reliance to rise further.
This is my study not any trading recommendation.
Windfall tax ,Reliance missed the estimates.
However it never closed below the recent low around 2365.
on Friday it managed to close above 200 dma (it is hourly chart)
which is positive for it.Now it may attempt to cross 2542 which is its recent high on 20 th july.
Any decision for windfall tax may help the price of Reliance to rise further.
This is my study not any trading recommendation.
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Daily chart of Reliance.
