Reliance Industries: Add to portfolio
RELIANCE
The true wealth creator of last bull run; has been moving sideways for many years now. However, if one were to closely observe the price movement, we can find that it's been moving in a upward moving channel. It has tried a breakout once in 2014; but failed to cross over a major resistance at 1150 - 1180 zone. This stock is now ready for another upside move, move that could drive investors crazy. Fair target: 2000 in two year's time horizon.
The true wealth creator of last bull run; has been moving sideways for many years now. However, if one were to closely observe the price movement, we can find that it's been moving in a upward moving channel. It has tried a breakout once in 2014; but failed to cross over a major resistance at 1150 - 1180 zone. This stock is now ready for another upside move, move that could drive investors crazy. Fair target: 2000 in two year's time horizon.
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