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This stock recouped all the losses suffered in the beginning of last week to end the week with a gain of 1.3 per cent.

The white star in the weekly candlestick chart with a long lower shadow keeps the short-term outlook positive for RIL. The stock dipped slightly below our support of Rs 1,350 and bounced off from there.

RIL can move higher to Rs 1,472 over the short term. The buy signal being generated by the oscillators in the daily charts support this view.

Buy with a stop at Rs 1,360 for short-term trading purpose.

Lokeshwarri S. K.

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