“Rajani recommends Reliance Industries for both short-term traders and positional investors, citing a textbook bullish reversal signal after reclaiming its 50-day EMA and forming a bullish hammer candlestick pattern on the monthly chart. He suggests an entry at ₹1,420, a stop loss at ₹1,380, and a target of ₹1,465.”
Vinay Rajani’s track record: 21 graded calls · 95% CI 8–40%
Reliance IndustriesBullishCalled 29 Apr 2026Graded 04 Jul 2026
Reliance Industries moved from ₹1430.80 to ₹1359.70, a decrease of 4.97%, which is contrary to the bullish call and below the suggested stop loss of ₹1,380.