Reliance chart ananlysis with double bottom chart pattern

A formation of double bottom chart pattern with a strong breakout. The retracement zone is not completed yet. But if the price sustains aboe 2370 the stock is ready to achieve its new targets.

Note

Reliance is showing a very strong up move. If price rise above 2456, the target will be achieved in 1-2 trading days.

Note

Please check the weekly chart also. Weekly chart shows an important breakout retracement phase. The target will be extened after the completion of retracement.

akashsabane1999

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