Sunandamedi

RELIANCE INDUSTRIES - SHORT AND LONG OF IT

Long
NSE:RELIANCE   RELIANCE INDS
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1
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.
Comment: SHORT TARGET 1330 ACHIEVED.

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