RElIANCE - Heading towards a SELLOFF - 24 Aug,2020

Reliance is heading towards a significant selloff(MA50 crossed MA144 downward). The moving averages on the chart pattern are indicating the potential for a major selloff and signalling a definitive bear turn in a market. If the trend continues MA20 will also cross MA144 downward resulting in further drop.
Chart PatternsTechnical IndicatorsRELIANCErelianceindustriesTrend Analysis

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