RIL bearish outlook #H&S_pattern

Mar 26, 2021

Head and shoulder pattern is clearly forming in RIL. Check out the chart for levels.

Mar 26, 2021

Note

Wait for the breakout of H&S pattern with volume before taking any fresh positions. Also similar pattern is forming in different timeframes. Do your own analysis before taking any positions.

Apr 5, 2021

Note

As expected the breakout has occurred in reliance although we need to wait for the candle closing to check whether the breakout is valid or not. Also keep an eye on the volume.

Apr 5, 2021

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1916 and 1900 could be the levels where Reliance can get some support.

Apr 5, 2021

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05/04/2021: Breakout failed, stock managed to close above neckline on daily basis.

Apr 11, 2021

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Still bearish on RIL, Let's see.

Apr 12, 2021

Note

Gap down breakdown in RIL, let's see whether it can sustain this level or not.

Jun 9, 2021

Trade closed: target reached