nmcapital44

Reliance Weekly chart

NSE:RELIANCE   RELIANCE INDS
On the weekly time frame the stock is trading within raising wedge pattern and as long as the pattern is holding it will keep bouncing from lower support.

Breaking below the lower support line will trigger selling and 8 to 10% correction is possible in the stock.

Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.