RELIANCE INDUSTRIES LTDEducation
Reliance Industries.. trendline test
Updated
Reliance is tying hard to hold onto the rising trendline but slowly weakening and breaking it on daily charts
also last few days, daily tenkan san is being a good resitance for the price and is unable to cross it.
looks like a test of 20 dma or deeper to daily kijun is possible
also last few days, daily tenkan san is being a good resitance for the price and is unable to cross it.
looks like a test of 20 dma or deeper to daily kijun is possible
Note
above tenkan now but testing the trendline from below. the 2 candles above the tenkan are weak candles.. longs be cautious..
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