Monthly Charts force us to take a step back and give us no choice but to identify the direction of the primary trends. We use these charts to put shorter-term trends into context and this exercise is particularly useful when the market is experiencing heightened volatility. Reliance Industries closed April near the highs of the month and is only 10% off its all-time highs. Right now it's stuck in a sideways trend, but if prices see follow-through above 1,450 then its uptrend is likely to continue with a target near 2,200. Given the current market environment that may take some time, but given the relative strength in the stock, we expect an eventual upside resolution.