Reliance is showing weakness after a huge rally. Volume is almost falling on a daily basis with little to no price movement in scrip.
The stock seems to have entered into the exhaustion phase & now consolidating itself because of profit booking.
Please wait for the clear breakout either upwards or downwards. Any correction will cause a breakdown But Since Nifty is in an uptrend overall, it is advisable to go for long positions.
What's the target as per technicals. Trapped at 2150
finalyticsbreweries
⋅
@dittotom, Target would be around 2700 if u want to hold for atleast couple of months.
But prices still needs a correction & currently weakness on charts might delay the target.