Reliance stock has still lot of steam left to take it to levels higher than 2000. Recently, the company has been a re-rating and analysts have a more optimistic view on Reliance.

Technical Analyst, Ashwani Gujral is also suggesting Reliance Industries as it may go up to Rs 2000. Anyone wants to make good profit should buy Reliance at lower levels, as it will soon reach to a new high.

Mr. Gujral stated, “Reliance Industries found good support around Rs 1,630-1,640 and now if it can get back above Rs 1,780 then it’s easily headed towards Rs 2,000 and this could be the stock, which would support a sustained correction in the Nifty. This cannot happen unless it goes into some sort of tailspin. So, Reliance along with the capital good stocks should be able to pull this market out of this rut.”