Ril daily chart
The stock has entered the election gap area and also has broken an existing trend line which is bearish
However the stock has also closed exactly GANN fan support line and can bounce back from here but if it closes below it then we can see levels of 1973-1959 in the stock. The areas of 1973-1959 is a strong support area for reliance as it is a gap support area and also the 38.2% retracement of the rise from march lows to recent highs.
Buying is advised only near 1953 area or on close above 2090
Safest thing to do would be to buy on a bounce back from 1973-1959 to above 2090
Investment SL in ril can be placed on a close below 1949
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