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maneeshaggarwal

Reliance : A Possible Breakdown or a tough breakout

RELIANCE INDS (NSE:RELIANCE)  
maneeshaggarwal Updated   
NSE:RELIANCE   RELIANCE INDS
Chart Patterns RELIANCE
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chartpattern reliance
Reliance is in a range where it is in distribution or accumulation nobody knows. But there are 2 possibilites

1. Breakout : If it goes above 1500 with volume then buy it with sl 1440 target 1630-40 (Tough Possibilities)

2. Breakdown : If it goes down 1420 with volume then sell it with sl 1480 target 1270-80
Comment:
Near resistance volume is drying it means a big move is on the way. Put your "STOPLOSS" order very tight for short 1500 for long 1440.
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