Momentum Base Strength Base

 


For investing momentum if fails then later used oversold whenever it comes for accumulation
especially index-based stocks.
reliance also had sideways consolidation phase since October 2021

Upside retracement shown in chart dotted at higher level for potential target
for passive investors
who can play both  with money and holding capacity
can trade and when oversold comes add. play for higher target as shown
give time it will be eventually a winner.
since this is Index based stock who are heavy weight


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