RELIANCE INDUSTRIES
RIL was thrashed by bears last week.
What is in store for the stock this week ?
RIL closed below the pivot level of 1018 this week.
Resistance is at 1025.
Reversal from this region will take RIL to 998, 985 and 975.
Trading below 975 will indicate danger for the stock in coming days and
it will crash to 960, 945 and 930.
1045 is the bull level for RIL. Trading above this level will end the
bearishness in this counter and it will move to 1061, 1076 and 1090.
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Next: Indian stock market weekly outlook
Disclaimer : This is not a recommendation/ solicitation of any order to buy or sell, but Jerry's view on indian stock market. I assume no responsibility for any opinion or statement made in this blog. Readers are urged to exercise their own judgment in trading. Readers shall solely be responsible for profit/loss.
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