Reliance on a healthy trendline

Reliance Industries stock is on a healthy trendline now as the next resistance is probably seen at 1330 as was earlier predicted. It has touched a stron support level at 1240 and has rebound. The trend of large caps in the current december season is usually very bullish in nature and so we can expect some serious profit booking a the last week of december. As for now recomend to stay invested in the Reliance Industries stock

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