Technical Pick: Reliance,ITC and JSW Steel

Reliance

Reliance share has broken its medium term trendline and stock gave waterfall decline 823 to 764 in 3 trading sessions. Stock has come near its demand zone of 764 and bounced back sharply in last trading session.Stock is also trading below its 200 DMA which gives bearish indication for short term.

Sell below 771 Tgt..

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