Reliance Share Price | IIFL Securities has provided insights on Reliance Industries Limited, predicting a potential rise in share prices. The brokerage firm has outlined key metrics including support price, resistance level, daily moving average, stop loss, and target price for investors considering this stock.
Current Status of Reliance Industries Shares
As of October 7, Reliance Industries shares were trading at Rs 1,305, reflecting a decline of 1.54%. During the day, the stock reached a high of Rs 1,324 and a low of Rs 1,302. The company’s total market capitalization stands at Rs 17,66,854 crore. On November 8, 2024, the shares traded at Rs 1,283, down 1.76%.
Key Price Levels
Reliance Industries Share Price
* Support Level: Rs 1,308
* Resistance Level: Rs 1,336
* 50-Day DMA: Rs 2,796
* 200-Day DMA: Rs 2,838
BUY Rating from IIFL Securities
IIFL Securities has issued a BUY rating for Reliance Industries shares, setting a target price range of Rs 2,796-2,838. The shares have experienced a significant decline since the announcement of a 1:1 bonus issue last month.
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News in Hindi | Reliance Share Price 08 November 2024 Hindi News.
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Summary at glance
IIFL Securities has forecasted a rise in Reliance Industries Limited (NSE: RELIANCE) share price, currently trading at Rs 1,283, reflecting a 1.76% decline. The brokerage firm established support at Rs 1,308 and resistance at Rs 1,336, with a buy rating and a target price range of Rs 2,796 to Rs 2,838. Reliance’s market cap is Rs 17,66,854 crore. Investors are advised to consult financial advisors before making investment decisions.
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