WEEKLY REPORT OF RELIANCE

BUY RELIANCE ABOVE 1492 TGT 1501/1506 SL 1480

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In this week Reliance started from 1476 & on the same day it made low of 1456.after that since last three sessions reliance is moving in the upward direction only and today it made high of 1507 & closed the week @ 1490 down by 17 point. Reliance Q4 result are ahead on 28 Feb 2020. we are expecting it to go more up. Generally this happens when there is a positive sentiment following the stock, making it attractive. There's a good chance that this upwards movement will continue next week  as well. Now in next week  it may be break its last 52-week high it was 1617 & made new level.

SUPPORT: 1486,1482,1480

RESISTANCE: 1520,1525,1546