Reliance weekly chart

Yes! you heard right, Reliance stock is looking positive on the weekly chart. On the weekly levels stock has strong resistance @ 1600 levels which stock has surpassed the level in the last week.
However, the stock is also trading above its 20 EMA which is a good sign for the bulls.
Therefore, as per my analysis & the pattern which I am seeing on the weekly chart I firmly believe the stock could rally towards 2200 levels if it would sustain 1600 levels in coming trading sessions.

Have a Bull Eye!
Watch the 1600 levels closely!
Accumulate the stocks in your portfolio as per your risk appetite.

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