maneeshaggarwal

RELIANCE A WAIT & WATCH MOVE

BSE:RELIANCE   RELIANCE INDUSTRIES LTD
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3
FOR EDUCATIONAL PURPOSE

RELIANCE IS SHOWING INVERSE HEAD AND SHOULDER PATTERN AND IT'S CONFIRMATION WILL WHEN PRICE CROSSES 1090 WITH A BIG VOLUME THEN GO LONG WITH SL 1075 AND HOLD POSITION FOR SOME DECENT UPMOVE.

IF THIS TRENDLINE GIVES RESISTANCE AND PRICE UNABLE TO CLOSE ABOVE THIS THEN GO SHORT WITH SL OF 1090 AND TARGET TO 1055.

BUY IN EVERY FALL WITH SL OF 1035

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