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het2811
Jun 16, 2020 5:05 PM

CUP AND HANDLE FORMATION SPOTTED ON RELIANCE CHART. Long

RELIANCE INDSNSE

Description

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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