BULLISH VIEW IN RIIL- EDUCATIONAL PURPOSEReliance Industrial Infrastructure LimitedNSE:RIILmgvirus1 Bounced from Weekly demand zone Previously formed rounding bottom but failed to achieve target and came at the same level rounding bottom breakout Bounce from weekly demand zone with volumes suggest probable reversal of downtrend CAUTION Closing below the demand zone will confirm the HEAD AND SHOULDER PATTERN and stock will be extremely weak and can be dragged below 400 -350 levels. So Loss booking is very essential if stop loss is triggered At current levels and on the background of America Iran -Isreal war it is extremely risky to initiate long positions as stock can tumble down if H And S pattern is completed. Still calculated risk can be taken and long position can be initiated at current level (715) or on slight correction till 680 Target : 2854 (300%) Stop loss : 577 (-19%) on weekly closing basis RISK REWARD RATIO : 1:15 Time horizon : 8 years ONLY FOR INVESTMENT PURPOSE NOT FOR SHORT TERM TRADING