AkshayAdak

Breakout Stock - Reliance Industries

Long
NSE:RELIANCE   RELIANCE INDS
This is weekly timeframe .
It took support at 0.38 fibo level.
Gave breakout.
As per flag pattern the target comes 3600 levels it's seems way too high and may take yrs to achieve.
But we may see 2370-80 levels soon as it is resistance zone .
Sharp rise in volumes on buy side on weekly timeframe .
Let's see what happens.

This is my own analysis and only for information purpose.

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