[Premium] Trade Of The Week
September 6, 2021
Reliance Industries has moved past its September 2020 resistance and now looks ready for a new leg higher. The price broke out above 2,075 and has been consolidating at those levels for a while now. The price has now moved past 2,369.35, which was the high that we saw in September 2020.
With this move, the stock looks ready for a dash towards 2,817. The risk management level to keep in mind however would be 2,075.
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Allstarcharts Team