Analysis on Reliance Industries for coming 1-2 days.

Reliance Industries for the past two days is in a range and with a earnings report coming up it can give a breakout or a breakdown. In the chart I have give ranges for both sides with targets. With the movement it can break the black bold lines which acts as resistance on the long side and support on the short side. But I think these lines can be broken easily and the targets can be met easily.
In case of breakout target on the Long side: 2100 rs
In case of breakdown target on the Short side: 1940 rs or 1907 rs


Disclaimer: These are ideas are not calls for buy/sell and these ideas are my own personal opinion. The market may not go in the direction provided above. If you want to invest in stock market please talk to your financial advisor.

Thank You and happy investing.

Comment:

Target on the Short side reached. Hope you got some value out of the analysis!!