RELIANCE at Lower High of Descending Channel

The overall current trend of RELIANCE is Bearish . It's in Bearish Zone and touching its Lower High formation of its Descending Channel which leads to weakness ahead.

From a technical view, as long as the trend is in bearish zone, it is reasonable to anticipate weak price action. Moving Average (EMA-10-20) along with Volume is also supporting its downtrend.


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