Reliance Industries shares can hit Rs 3,000, tech charts indicate

As long as the support of Rs 2,400 is defended; the negative sentiment is not going to see any exciting response from market participants. Short-term support exists at Rs 2,580 and Rs. 2,520

Over the weekend, Reliance Industries announced two major acquistions in the renewable energy space. The company at first announced acquisition of REC Solar Holdings (REC Group) from China National Bluestar (Group) Co, through its wholly-owned subsidiary Reliance New Energy Solar for an enterprise value of $771 million.

This was the comapny's first major renewable energy deal, where an equipment manufacturing facility has been acquired. READ MORE

Within hours of announcing acquisition of REC Solar Holdings, Reliance announced on Sunday that its subsidiary will acquire a 40 per cent stake in Sterling & Wilson Solar Ltd through