RIIL daily chart (click on chart to zoom)
RIIL on daily chart is trading in sideways trend after breaking out few trading session back.
It is also trading above its key moving averages like 20, 50 and 100.
Further, 20 DMA has given positive crossover above 50 and now 100 DMA which confirms its uptrend.
Stock should touch 475 in short term.
CMP - 441
Stop Loss - 425.
RIIL on daily chart is trading in sideways trend after breaking out few trading session back.
It is also trading above its key moving averages like 20, 50 and 100.
Further, 20 DMA has given positive crossover above 50 and now 100 DMA which confirms its uptrend.
Stock should touch 475 in short term.
CMP - 441
Stop Loss - 425.