WILL RELIANCE RE-TEST 200 EMA WEEKLY
Reliance stock appears to have breached its rising channel on the weekly time frame, indicating a potential downward trend.
However, there is a possibility that the stock may re-test its 200 Weekly Moving Average, which presents a potential buying opportunity for long-term investors.
Reliance has historically been a "buy the dip" stock, and investors may consider implementing a systematic investment plan (SIP) to add quantity over time. As with any investment decision, it is important to conduct thorough research and analysis before making any trades.
However, there is a possibility that the stock may re-test its 200 Weekly Moving Average, which presents a potential buying opportunity for long-term investors.
Reliance has historically been a "buy the dip" stock, and investors may consider implementing a systematic investment plan (SIP) to add quantity over time. As with any investment decision, it is important to conduct thorough research and analysis before making any trades.
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