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Shares of Reliance Industries Limited fell as much as 1.89 per cent to Rs 1,318.10, the lowest since March 25.
The stocks of Reliance were among top per cent losers on indexes in early trading.
It broke below a support at Rs 1,339.4. The breakdown suggests that in a couple of days stock may test the next support at Rs 1290.98.
The stock price showed a bearish divergence from its MACD as compared with the March high.
The stocks went up 19.8 per cent this year as of last close.
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