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Sunandamedi
Apr 6, 2019 11:31 AM

RELIANCE INDUSTRIES - SHORT AND LONG OF IT Long

RELIANCE INDSNSE

Description

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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