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BharatAsani

Reliance bearish view

Short
RELIANCE INDS (NSE:RELIANCE)  
BharatAsani  
NSE:RELIANCE   RELIANCE INDS
Trend Analysis Trend Lines Supply and Demand RELIANCE relianceindustries rilshort relianceanalysis
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trendanalysis trendline supplyanddemand reliance relianceindustries rilshort relianceanalysis
Reliance has been respecting the downward sloping trend line . Ideally it should go towards 2290 to grab the liquidity over there & re-test the trend line again. if the re-test fails to break the trend line then we can see a sharp 100 point drop towards the next liquidity point.

P.S: this view is negated if Reliance breaks the downward sloping trend line .
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