nawedakhtar

Reliance updated analysis

NSE:RELIANCE   RELIANCE INDS
NSE:RELIANCE
the stock is consolidating on the top after a significant move. in last trading session stock was not able to break the last week high and made the exact same high forming a double top pattern on daily chart . RSI is in overbought zone.
the red line act as a good resistance and green line as a support.
the stock is also forming the third wave and is about to complete or completed. if the third is completed, then then blue line is the target of the fourth wave.
let see what happens on monday.
This is my view and I can be wrong.
@nawedakhtar_

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