The long-term outlook is bullish for Reliance Industries (₹1,351). Strong supports are at ₹1,270 and ₹1,120. Resistance is in the ₹1,590-₹1,610 region. A break above ₹1,610 can take the share price up to ₹2,000 initially.
From a multi-year perspective, say for a five-year time frame, there is potential to target ₹6,000. Long-term investors with a five-year time frame can buy Reliance Industries shares now at ₹1,351.
Accumulate on dips at ₹1,290. Keep the stop-loss at ₹760. Revise the stop-loss to ₹1,540 when the price reaches ₹1,910. Move the stop-loss to ₹1,940, ₹2,630, and ₹4,280 when the price touches ₹2,580, ₹3,400, and ₹4,850, respectively. Exit the stock at ₹6,000.