RELIANCE INDUSTRIES LTD
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Reliance industries in downwards bias

95
The stock jumbed aroud 14 August based on several positive announcements by the company. However, it failed to sustain the upmove and fell sharply on 3 Sep 2019. The stock is unable to enter positive RSI zone of >50. It is hovering around support of 1195. If this breaks, second support is at 1175 . If we see an upmove, there is strong resistance at 1242-1270 zone.

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