Above 1200 Reliance can move upward otherwise it will be bearish
Yt - chartpatern - YT - chartpatern
As of March 4, 2025, Reliance Industries Ltd. (RIL) shares closed at ₹1,161.70, reflecting a 0.80% decrease from the previous day. This positions the stock approximately 27.80% below its 52-week high of ₹1,608.95, achieved on July 8, 2024.
Your observation that RIL's stock may exhibit bullish behavior above ₹1,200 and bearish tendencies below this threshold aligns with recent performance. The stock's current price is marginally below this pivotal level, suggesting potential bearish momentum.
Analyst sentiment remains optimistic, with a consensus rating of 'Buy' and a median price target of ₹1,559, indicating a potential upside of approximately 24.38% from current levels.
In summary, while RIL's stock is trading below the ₹1,200 mark, indicating possible bearish trends, the prevailing analyst outlook suggests confidence in the company's long-term performance.
As of March 4, 2025, Reliance Industries Ltd. (RIL) shares closed at ₹1,161.70, reflecting a 0.80% decrease from the previous day. This positions the stock approximately 27.80% below its 52-week high of ₹1,608.95, achieved on July 8, 2024.
Your observation that RIL's stock may exhibit bullish behavior above ₹1,200 and bearish tendencies below this threshold aligns with recent performance. The stock's current price is marginally below this pivotal level, suggesting potential bearish momentum.
Analyst sentiment remains optimistic, with a consensus rating of 'Buy' and a median price target of ₹1,559, indicating a potential upside of approximately 24.38% from current levels.
In summary, while RIL's stock is trading below the ₹1,200 mark, indicating possible bearish trends, the prevailing analyst outlook suggests confidence in the company's long-term performance.
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.