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Reliance Industries View for 20/07/20

Long
RELIANCE INDS (NSE:RELIANCE)  
MarketsWithKR Updated   
NSE:RELIANCE   RELIANCE INDS
Trend Analysis Technical Indicators Beyond Technical Analysis Fibonacci Retracement autofib RELIANCE relianceindustries
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trendanalysis indicator beyondta fibonacciretracement autofib reliance relianceindustries
After a rocky ride post the 43rd AGM of RELIANCE , we witnessed a very sharp partial recovery. If previous levels are accepted, then RIL could be a good long cadidate as long as the 1880 support level is held.

(not a recommendation; for educational purposes only)
Comment:
After a very sharp recovery post the Annual General Meeting, RELIANCE now faces resistance at 2200 level. Today was one of the most negative days the stock has seen so far. It has now made lower highs and lower lows. If it continues making these patterns then I will be exiting my RIL swing position entered on July 15th.
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