RELIANCE: Upside is capped around 1616.
Nearing the golden ratio of 1.618% protection of the previous swing high marked as 5.
Upside may be capped at there.
Wave 5 of c of B is forming ending diagonal.
There is divergence between price and rsi.
Volume is declining for the past two days.
Trade cautiously.
Upside may be capped at there.
Wave 5 of c of B is forming ending diagonal.
There is divergence between price and rsi.
Volume is declining for the past two days.
Trade cautiously.
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