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thinkstockmarket

Reliance: Short Term Downtrend,but the fall is BIG 1560 --> 1310

Short
RELIANCE INDS (NSE:RELIANCE)  
thinkstockmarket  
NSE:RELIANCE   RELIANCE INDS
Trend Analysis Chart Patterns Technical Indicators
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trendanalysis chartpattern indicator
Reliance is an company outperforming for sometime now. It need some rest to go further up. Reliance is in up trend from 24th Mar, uptrend channels are marked in charts. From now here Reliance has to change the trend it is now, so it has to break down and reach the target mentioned below.

This may month going to down fall for Reliance from now.

Target 1: 1410
Target 2: 1310
Target Date : 26th May
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