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drlalitkoli

Reliance industries false invesrse head and shoulder pattern

Short
RELIANCE INDS (NSE:RELIANCE)  
drlalitkoli  
NSE:RELIANCE   RELIANCE INDS
Chart Patterns Technical Indicators Trend Analysis
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chartpattern indicator trendanalysis
Reliance industries has formed false inverse inverse head and shoulder pattern. with breakout of resistance at 2154 with bullish candle with good volume. However check its retracement with 2 red candles and one last bullish candle. All candles showing long upper candles which suggest bulls are getting weaker in breaking the resistance at 2200. Reliance
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