Reliance Infra Weekly Sentiment turning Positive

Reliance Infra Weekly charts

Reliance Infra on the Weekly timeframe sentiment is turning positive which is a bullish sign as medium term trend turn positive. Support reference comes around 490-495 zone and price holding around 508 remains the key for the weekly sentiment to hold positive. News based Sentiment holding positive as Greenko is in talks with Anil Ambani-led Reliance Infrastructure to acquire its Mumbai electricity business for an enterprise value of Rs 10,000-13,000 crore ($1.75-2 billion).

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