RELIANCE WEEKLY CHART!!

RELIANCE INDSNSE

Description

⋅ Jan 24, 2021 8:33 PM

#RELIANCE WEEKLY CHART!!

Reliance Industries Ltd. faced resistance from the convergence of weekly resistance zone and 20 SMA.

Likely to stay weak in the short term if the stock stays below 2065-2070 zone on an hourly basis.

Breakout to take place below swing high of 2120 level.

Probable resistance post breakout comes at 2185 level.

Comments

protiksarkar8

⋅ Jan 25, 2021 3:41 AM

Hi. Can u pls share which indicator is this in the chart?

MarimuthuSuppaya

⋅ Jan 25, 2021 12:31 PM

Market structure, area of value,entry/exit trigger, price rejection to be seriously considered before making a call. Trend is our friend until it hurts us.

protiksarkar8

⋅ Jan 25, 2021 3:41 AM

Can u pls share the indicator name used in the above chart