Reliance Industries can go upto Rs 1100-1125: Shah

Reliance Industries can go upto Rs 1100-1125, says Manish Shah, Head Technical Analyst, Fortune Financial Services (India) Limited.

Shah told CNBC-TV18, "Reliance Industries has been going up for some time. Now there is the potential, the momentum is good. We had seen a bit of a trending action in Reliance, so there should be more upside maybe to around Rs 1100 -1120 levels."
He further added, "Over the last one year we had seen Reliance having a cap at around Rs 1150 levels. There are upsides but not major upsides, around Rs 1100-1125. The stock could top out and maybe see a deep correction from there."