drlalitkoli

Reliance industries false invesrse head and shoulder pattern

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NSE:RELIANCE   RELIANCE INDS
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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