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Reliance Industries Update

21 Mar 202108:39 AM

RIL started off well but after the rise, it looks like the entire move is a-b-c from the FEB bottom, so I have marked it as wave B. Now waiting for wave C to unfold. The 20dma at 2111 is the key resistance. Below 1981 wave 3 down would start. The lower end of the channel is at 1740.

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