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akashsabane1999

Reliance chart ananlysis with double bottom chart pattern

RELIANCE INDS (NSE:RELIANCE)  
akashsabane1999 Updated   
NSE:RELIANCE   RELIANCE INDS
Trend Analysis Chart Patterns
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trendanalysis chartpattern
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.
Comment:
Reliance is showing a very strong up move. If price rise above 2456, the target will be achieved in 1-2 trading days.
Comment:
Please check the weekly chart also. Weekly chart shows an important breakout retracement phase. The target will be extened after the completion of retracement.
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