RELIANCE INDUSTRIES LTDUpdated Reliance past analysis(Educational Purpose)
This is a past tech analysis of reliance. It is daily analysis.
Note
After the W formation, the price consolidated. Consolidation gave a break out movement and after price hit the resistance, it formed a M pattern. W and M pattern formation in the chart is rare to find. After M formation, price gave upside movement which gave a cup form
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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.