bullish0507

Reliance Industries Share to have a downfall trend on monday

Short
BSE:RELIANCE   RELIANCE INDUSTRIES LTD
This stock is likely to go down on monday ( 18 Jan ) as the price has broken the convergence of 2 trend lines towards the down. Moreover the Red Candle body has been cut with the closing price below the converging trend lines . Apart from this the total rise in the stock as shown by red lines is 4.45 units compared with the net fall of 1.85. This is 42 % Fall. A fall more than 30 % has much lower probability of upward correction