Reliance Share Technical Analysis
Reliance Share Status
Reliance share chart looks very attractive. Share is currently trading around 2500 level.
Reliance chart analysis
If we check the Reliance share chart on a bigger time frame, from last one year Reliance Share is trading in a range, around 2240 share have a strong support zone and above around 2800 Reliance share take resistance.
In April 2022 Reliance share have touched all time high, then corrected from there and making a trend line.
If the Reliance stock breaks the trendline resistance, then stock can achieve the 2800 level there is also a strong resistance.
Above 2800 level we can expect a large and good move.
Reliance Share Price Target
First Target for Reliance share price – 2675
Second Target for Reliance Share price – 2780
First Stop loss for Reliance Share – 2340
Second Stop loss for Reliance Share – 2230
Reliance share Results
Reliance shares latest news
Reliance board has approved the arrangement between the company, Reliance Strategic Investments (RSIL) and their respective shareholders and creditors.
Under it Reliance will demerge its financial services undertaking into RSIL which will be renamed as Jio Financial Services (JFSL).
The new firm will be listed on the Indian stock exchanges.
Reliance Share recommendation
Reliance share for long term perspective
Reliance is India’s largest company by market cap. In short term we can see some volatility and correction, but for long term it is an investment stock, which shold be in your portfolio.
Disclaimer: These targets are given by our own analysis, before buying or investing in this share please take advice from your financial advisor.