Reliance technical chart update

Last close : 1466 (+2.70%)

Reliance was declared disappointed earnings report and launches India’s biggest rights issue

Rights issue rate was 1275 per share. It was 14% from current rate

Now, Chart indicates stock will take immediate support at 1345 and 1300

Stock if fails to take support around 1300, Further weakness will be expected up to 1250 and 1165.

If comes rights issue rate can buy for long term!!

More update will be send to our clients only

Updated : 08.03 AM / 04th May 2020