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Reliance, Bearish trend
RELIANCE INDUSTRIES LTD
Reliance, Bearish trend
By SumeshV
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Nov 21, 2021
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Nov 21, 2021
Three different charts shows multiple confirmations of the bearish trend
The D point of the previous Harmonic chart at the top side of the chart shows the reversal area and it respects.
A new Harmonic chart is generated and the price moving towards another D point, lower side of the chart
And finally a Bearish Head and Shoulder pattern formed.
In addition to the above observations, RSI bearish divergence respects.
The given information is for STUDY purpose.
Chart Patterns
Harmonic Patterns
rsi-bearish-divergence
Trend Analysis
SumeshV
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