Reliance moved outside the narrowing channel, on the down side.

370
Protect your positions on Reliance, avoid long side trades as long it reclaims 1198 levels.

Rallies if any, can be utilised to create fresh shorts as long as 1198 is not exceeded. Targets on the downside are 1160-1142-1098.

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.