Reliance stock is in downtrend. But for last 2 months - the stock has been holding a support around 830-840. The big question: Can stock survive here or will eventually sink below it?
Here's the Reliance Chart
Technically, a bounce is probable from 830-840 but considering the trend of the stock - one should not expect any bottom here. Anyways, stocks are always interesting to follow around support.
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Disclaimer – The state of the market notes is Deepak’s perspective on the market. The column is purely for educational purpose. Nothing contained herein is a solicitation to trade or a recommendation of a specific trade. By reading this publication you agree to make no trade relying in whole or in part on the comments of the writers