Reliance Industries (RIL) Level & Strategy for Next Few Days

Dear traders, I have identified chart levels based on my analysis, major support, and resistance levels. Please note that I am not a SEBI registered member. Information shared here for educational purpose. Please don’t trust me or anyone for trading/investment purpose. Focus on learning how to fish, trust your own skills and please do consult your financial advisor before trading.

Today, RIL traded below major support level . RIL is the biggest heavy weight stock in Nifty . Today, RIL was down by Rs -32.45 (-1.27%) which is a significant change within a day.

Today, RIL continued to slide and performed as expected ? 1. After increase in Windfall Tax 2. Weakness in Crude Oil Prices

Today, bears successfully brought down the RIL. It will be interesting to watch RIL levels in coming days.

Shall we continue to look for sell on rise strategy in RIL amid global issues & increase in windfall tax ?????

Friends, please review & share your comments as well.

Have a very happy, healthy & profitable day ahead!