Buy Reliance Industries Ltd. target Rs 1470: Prabhudas Lilladher
Buy Reliance Industries Ltd. at a price target of Rs 1470 and a stoploss at Rs 1300 from entry point
By ETMarkets.com |
Prabhudas Lilladher has Buy call on Reliance Industries Ltd. with a target price of Rs 1470 .The current market price of Reliance Industries Ltd. is 1366.3 Time period given by analyst is week when Reliance Industries Ltd. price can reach defined target. Prabhudas Lilladher recommended to keep stoploss at Rs 1300.
The stock has taken support at around 1300 levels regularly and has maintained a good base at that level. With the formation of a bullish candle, the stock is anticipated to move towards the previous high of 1470 levels and with RSI reversing its trend on the positive side, we recommend to buy this stock for an upside target of 1470 keeping a stop loss of 1300.
The stock has taken support at around 1300 levels regularly and has maintained a good base at that level. With the formation of a bullish candle, the stock is anticipated to move towards the previous high of 1470 levels and with RSI reversing its trend on the positive side, we recommend to buy this stock for an upside target of 1470 keeping a stop loss of 1300.
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