Buy Reliance Industries Ltd., target Rs 1080.0 : CapitalVia Global Research Ltd

CapitalVia Global Research Ltd has Buy call on Reliance Industries Ltd. with a target price of Rs 1080.0. The current market price of Reliance Industries Ltd. is 1048.2. Time period given by analyst is week, when Reliance Industries Ltd. price can reach defined target. CapitalVia Global Research Ltd recommended to keep stop loss at Rs 1020.0. The stock has bounced back from its support of short term moving an average of 40-days period and has now started to gain momentum. Most of the momentum indicators are favouring further upside. “We expect RIL to show upside momentum further. Traders can buy the stock with a stop loss of Rs 1,020 for a target of Rs 1,055,” said Gadia. The stock has bounced back from its support of short term moving an average of 40-days period and has now started to gain momentum.