RELIANCE Looks Weak
Updated
RELIANCE was on a short term uptrend on an trend line and recently broke the trend
RELIANCE was observed an head and shoulder pattern and neckline is acting as a strong support which is important demand zone.
RELIANCE was also observed on a down trend which ultimately is forming a descending tringle.
RELIANCE was also gave breakout on the lower side breaking the important neckline support.
RELIANCE is expected a downward movement for short term after retest.
Let me know if you have any suggestions or recommendations.
Thank you.
Disclaimer :- Just an idea not any recommendation
RELIANCE was observed an head and shoulder pattern and neckline is acting as a strong support which is important demand zone.
RELIANCE was also observed on a down trend which ultimately is forming a descending tringle.
RELIANCE was also gave breakout on the lower side breaking the important neckline support.
RELIANCE is expected a downward movement for short term after retest.
Let me know if you have any suggestions or recommendations.
Thank you.
Disclaimer :- Just an idea not any recommendation
Trade closed: target reached
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