RELIANCE BREAKDOWN
Updated
Reliance looking fresh negative on daily chart it is breaking rounding curved trendline support and giving a fresh negative divergence move on macd indicator too so we can see a downwards move in it in coming sessions but it is looking that it will going for a decent correction after a steep rally.
Cause of short-:
1- Breaking curved trendline.
2- Macd indicator negative divergence
Cause of short-:
1- Breaking curved trendline.
2- Macd indicator negative divergence
Note
Close down with more the 1% in overall okay market too
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