RELIANCE forming a bearish structure. Although making a symmetrical triangle pattern but very likely to break it on the downside.
As showing RSI divergence on multiple time frames even on weekly and daily
Also Structure has started making Lower Highs
So,short @2235-2240 levels with a SL of 2270-2280 for big Targets of 2170 and if breaks 2165 it will move towards 2050
As showing RSI divergence on multiple time frames even on weekly and daily
Also Structure has started making Lower Highs
So,short @2235-2240 levels with a SL of 2270-2280 for big Targets of 2170 and if breaks 2165 it will move towards 2050