- Reliance Industries if closes above 5 day high ema will keep the upward momentum intact.
- Stock has lots of hurdles to cross from 1010 level to 1050 level.
- 50 DMA, 100 DMA and 200 DMA is situated between 1010 to 1050 level.
- Closing above 1045 can give good upward momentum for the stock.
- Third chart shows stock taking support at 78.6% level. Broken level of 38.2% at 1045 will act as resistance now.
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