Reliance Industries (RIL) Stock Analysis-18Aug2021

Reliance Industries, which is the leading stock in Nifty50 index of India, has been in strong uptrend since March 2020 after making a low of 867. The stock rallied non-stop to 2400+ levels and since then it has been consolidating between 2000-2200 level. Our reliable target for Reliance is 2500. Much higher targets like 5000+ are possible in next 5 years. Investors should stay long on Reliance, and buy all corrections near/below 2000 level.