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kaushal980950

Rectangle pattern on Reliance Industries

RELIANCE INDS (NSE:RELIANCE)  
kaushal980950  
NSE:RELIANCE   RELIANCE INDS
Fibonacci Rectangle Supply and Demand
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fibonacci rectangle supplyanddemand
Reliance is forming a rectangle pattern and is close to its supply area. Above breakout can move the stock further into the new territory but if it fails then it can retrace for a bit.
On the other hand, RSI shows that it had gained momentum for the upward movement.
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