Reliance, Bearish trend

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 PatternsHarmonic Patternsrsi-bearish-divergenceTrend Analysis

Disclaimer