Reliance Price Action Analysis

The angled line has acted as a great support. It fact the price has kept moving up pretty aggressively with respect to the support. There are three probable paths it can take from here. Let's see how long can 2200 act as a resistance. If there is a breakout on downside there will a big plummet till it bounces of the 100 day MA line.

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.