Reliance Industries has formed a Symmetrical Triangle on Daily Chart.
Though its a continuation pattern, and the current short term trend is down in RIL
it is expected to give a downside breakout to continue to trend.
However, since anything may happen in the market, it's better to wait for Breakout on either side of the pattern.
Though its a continuation pattern, and the current short term trend is down in RIL
it is expected to give a downside breakout to continue to trend.
However, since anything may happen in the market, it's better to wait for Breakout on either side of the pattern.
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The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.