Reliance | Short | Swing
Reliance is showing signs of weakness.
The Daily Pivot was rejected in the morning session and now the Weekly Pivot is also struggling to hold.
The overall trend in the Daily time frame is on the Short side.
There is a strong likelihood that price will go to test the Monthly Pivot again - 1288 levels.
Needless to say, this could also drag Nifty down.
The Daily Pivot was rejected in the morning session and now the Weekly Pivot is also struggling to hold.
The overall trend in the Daily time frame is on the Short side.
There is a strong likelihood that price will go to test the Monthly Pivot again - 1288 levels.
Needless to say, this could also drag Nifty down.
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.