Reliance 13 July: Next week prediction Short/Bearish next week

RELIANCE

Reliance Bear Might control/Short Next week
Reliance downward swing angle match upside. Next week expect profit booking/shorting. Caution: Fresh Long position should be with stop loss

Comment:

Look at technical analysis chart

Due to resolution it does not show correct at top

Trade closed: stop reached:

Technical analysis based on previous trend failed due to
1. Market/Nifty went strongly bullish
2. Bank/Security market bulls lobbied (HDFC Sec, Fin firms)
2. Reliance announcemen well planned as KOI 501 announcement and result on 26 july