Reliance - Strong support, expected budget rally in it

Budget Pick 1: King Reliance

Fundamentals : Very Strong, Market Leader, YOY Sales and Profits growth, QoQ Sales growth, DII stakes increased, increased Reserves Vs decreased Debt.

Technicals : Corrected, On Strong Trendline Support. Attractive RR!

R1: 2540
R2: 2680
R3: 2850

SL: 2150