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Reliance forming flag and pole pattern
RELIANCE INDUSTRIES LTD
Reliance forming flag and pole pattern
By Mambotrade
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Mar 13, 2022
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Mar 13, 2022
On hourly time frame the stock is forming a flag and pole pattern but Rsi is showing a negative divergence.
Reliance can give good move on either side.
Support:- 2385, 2314
Resistance:- 2406, 2455
The consilidation is the main part of trend formation. The stock has rested and will give nice targets on both sides,
bankniftytrend
Multiple Time Frame Analysis
nifty50
RELIANCE
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