The lower Daily Chart trend line was broken last week and has recovered today to get back into the same zone.
The falling channel's upper edge and the upper trend line (in orange ) , both have been respected multiple times until now.
The falling channel upper trend has been broken today.
The final pattern seen is a 2-B Bottom Chart . If the pattern continues, then we can expect a short rise and later a fall. Go Long and then Short.
If the upper trend line (in orange) is broken tomorrow, then reliance would be on it's way to set a new record ! Go Long !
(These are my predictions based on the analysis made. One may trade at their own risks. )
The falling channel's upper edge and the upper trend line (in orange ) , both have been respected multiple times until now.
The falling channel upper trend has been broken today.
The final pattern seen is a 2-B Bottom Chart . If the pattern continues, then we can expect a short rise and later a fall. Go Long and then Short.
If the upper trend line (in orange) is broken tomorrow, then reliance would be on it's way to set a new record ! Go Long !
(These are my predictions based on the analysis made. One may trade at their own risks. )
Comment:
If Reliance keeps rising even today, expect it to reach from 2153 up to 2179- 2190 INR
