RIL has support around Rs 780-760: LKP

Reliance Industries has support at around Rs 780-760, says Rakesh Gandhi, Senior Tech Analyst at LKP.

Gandhi told CNBC-TV18, "Reliance's chart is a bit different. I think 10% bounce that we have seen in last three weeks and bounced back 20% from the lows that we saw; Rs 719 or Rs 715 that was the low that we saw when market was around 4,750. So it has bounced back 20% and it is not retraced much in the last two days compared to what other stocks have done, so the support for Reliance at this point of time is Rs 780 and Rs 760 between this it has a huge support and if it does not break it could stay above that though market makes a new low."

Disclosure: I do not have any exposure but at LKP we are regularly recommending the stock.