RELIANCE INDUSTRIES:Market heavy weight announced its Q2 Results. How the chart is placed ?
Reliance formed a weak Flag pattern in daily chart indicates a possible rally towards 2280 followed by 2300 -where its 200DEMA also lies .Major resistance :2340-60 and breaching the resistance is likely to trigger a big rally towards 2400+.
Major support lies at 2220(For Educational purpose only
Reliance formed a weak Flag pattern in daily chart indicates a possible rally towards 2280 followed by 2300 -where its 200DEMA also lies .Major resistance :2340-60 and breaching the resistance is likely to trigger a big rally towards 2400+.
Major support lies at 2220(For Educational purpose only
Comment:
TGRT 2 2300 Done those who are long may trail SL
Trade closed: target reached:
all short term targets reached.if HOLDS ABOVE 2350 ON CLOSING BASIS A MOVE TOWARDS 2400+ not ruled out(For educational purpose only)