RELIANCE has broken the short term support in the last week. Wait for Reliance to hold above the drawn Support Line. If Reliance holds the same in the next few trading sessions, we can see a upmove.
RELIANCE is news driven and currently a very trending stock. Reliance Retail is still looking to confirm news of new investements in the comings week.
I am still LONG on Reliance, Take entries at dips.
This week, Global Market negative cues have deeply increased fear in investors. This fall is beyond any technical analysis!