Reliance Industries produces petrochemicals such as polyethylene,
polypropylene, and polyester; chemicals such as fertilizers and
pesticides; steel products such as wires and cables; refined products
including lubricants; natural gas; coal-based power generation
projects; oilfield service companies; toll roads and highways
construction companies among others.
Reliance is forming another base support at 2590 now it has two base
support 2590—2563. Till it trades above this zone it remains bullish
for an all-time high (ATH) and 3020 Above is the upside possible
projection when the current market price (CMP) is 2603.
Reliance stock has been on a roller coaster ride over the last few
months, with its value fluctuating between 2200 and 3000 rupees for
almost one year now. However, the company has managed to keep its head
above water despite all this volatility by focusing on its core
business of retail sales and distribution.
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