Technical View – Reliance
Infrastructure Ltd
Reliance
Infrastructure Ltd is finding support at 480 and resistance at 510. On Daily
chart, Reliance Infrastructure Ltd Ltd RSI showing positive momentum which
indicates that upside side seems certain in it. Break and sustain above 510
will see nonstop rally in Reliance Infrastructure Ltd till 536---548 and then 570++
in weeks to come.
Traders
don’t go for aggressive or positional selling at all because trend looks positive
and we expect rally to remain continue till 570+++mark in coming weeks. For
positional trade, stop loss seeing below 480 on closing basis which in unlikely
to breach in near terms.
Trading Recommendation
Buy Reliance Infrastructure above 510 for the initial upside target of 536—548 and then to 570++ mark with stop loss below 480 on closing basis.
Buy Reliance Infrastructure above 510 for the initial upside target of 536—548 and then to 570++ mark with stop loss below 480 on closing basis.
More will update soon!!
