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 Investment World - Technical Analysis
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Reliance

The price of Reliance moved sideways in a range between Rs 1,100 and Rs 1,150 last week.

The momentum is slowing down in both the daily as well as the weekly charts.

A quiet consolidation phase is always welcome after a heady run. Our view on this counter stays positive.

The price seems to be headed towards Rs 1,184 and then Rs 1,239.

We will stay with this view, as long as the price stays above Rs 1,090. Hold the stock with a stop at Rs 1,090.

Lokeshwarri S.K.

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