het2811

CUP AND HANDLE FORMATION SPOTTED ON RELIANCE CHART.

Long
NSE:RELIANCE   RELIANCE INDS
RELIANCE IS ALL SET TO GIVE A POTENTIAL BREAKOUT ON THE UPPER SIDE WITH A SMALL HIDDEN RSI DIVERGENCE CONFIRMING THE SAME ALONG WITH THE REVERSAL OF PRICE FROM THE LOWER TRENDLINE OF THE RISING WEDGE ACCORDING TO THIS PARTICULAR ANALYSIS. ALSO, THE STOCK HAS IS CURRENTLY TRADING ABOVE 1600 LEVELS WHICH ACTED AS STRONG RESISTANCE OVER A PERIOD OF TIME.
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