Reliance ind 4h. looking bearish
Updated
Reliance ind looking bearish.
Reasons:
1. Double top and it may create another top including that top it will be triple top then.
2. Bearish divergence on the Money follow.
3. There's a possibility retracement at 1370 before moving up.
3. There's a strong demand zone at 1259.
Reasons:
1. Double top and it may create another top including that top it will be triple top then.
2. Bearish divergence on the Money follow.
3. There's a possibility retracement at 1370 before moving up.
3. There's a strong demand zone at 1259.
Note
Reliance brokeout from resistance and ready fly till 1615 nad more.
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