RELIANCE INDUSTRIES - SHORT AND LONG OF IT
LONG TERM BULLISH BUT SHORT TERM NOT SO.
SHORT TERM -
A SMALL H&S PATTERN IS OBSERVED AT NECK LINE.
IF THIS IS HONORED, THEN YOU CAN SEE 1330 LEVELS IN NEAR FUTURE.
(THIS NECK LINE IS THE RESULT OF HIGHER LEVEL CUP & HANDLE.)
LONG TERM-
IF IT STARTS MOVING UP, RESISTANCE AT IS AT 1416.
ON CROSSING THIS LEVEL, 1510 IS THE TARGET.
SHORT TERM -
A SMALL H&S PATTERN IS OBSERVED AT NECK LINE.
IF THIS IS HONORED, THEN YOU CAN SEE 1330 LEVELS IN NEAR FUTURE.
(THIS NECK LINE IS THE RESULT OF HIGHER LEVEL CUP & HANDLE.)
LONG TERM-
IF IT STARTS MOVING UP, RESISTANCE AT IS AT 1416.
ON CROSSING THIS LEVEL, 1510 IS THE TARGET.
Note
SHORT TARGET 1330 ACHIEVED.
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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.