As we have seen yesterday's chart of reliance, it have respected the red line and have not crossed above, and for the whole day, it have formed a channel, the next day's plan is to close below yellow line. I will not give any trades unless a clear sign forms. There are no chances of Gapup opening on reliance. A very futile tug of war between 1400 and 1300 levels
Comment:
Clearly Moving as i Said. The certain spike of reliance was for the integrity buying of facebook! But no matter what, it has followed our levels, Please dont think to go long on Reliance!