It is been observed that the price action has reached down at lowest levels at around 300 last year. And now, it is trending up in a channel, making new higher highs and higher lows, indicating a further move up. It is a good investment as Budget season coming around and it is believed that this budget will support and boost infrastructure. It might accumulate good deals near budget, in all a good investment for this year.
Target 1: 550
Target 2: 600
Stoploss: 480
Kindly share your views below in order to create a good investment opportunity for everyone.
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Now, attempting to break 520 resistance levels, looking good. Regards
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Reliance Infra Performing well so far, shall reach to target by this month. Regards