Reliance has resistance at Rs 2080-2100: Mohindar

Rahul Mohindar of viratechindia.com is of the view that Reliance Industries has resistance at Rs 2080-2100.

Mohindar told , "I think Reliance, I probably feel Rs 2,080-2,100 and if we get to that spot we will see a good bit of resistance. Reliance could be in a more trouble in the short-term and could even inch down to something like Rs 1,900-1,950 is what I would estimate."

Disclosure: It is safe to assume that analyst and his clients may have an investment interest in the stocks/sectors discussed.

Share Price Movement During The Last 12 Months
Period Price Latest Price Gain/Loss (Rs.) % Gain/Loss
3-Days 2024.95 2016.05 -8.90 -0.44
5-Days 2141.60 2016.05 -125.55 -5.86
7-Days 2180.45 2016.05 -164.40 -7.54
15-Days 2188.90 2016.05 -172.85 -7.90
1-Month 2183.10 2016.05 -167.05 -7.65
3-Month 1439.80 2016.05 576.25 40.02
6-Month 1284.70 2016.05 731.35 56.93
9-Month 2037.15 2016.05 -21.10 -1.04
1-Year 2022.20 2016.05 -6.15 -0.30