Hello Traders and investors,
As we can see the reliance was consolidated in a range by last two years after bullish rally, may be now reliance is ready to fly again as per technical analysis.
A proper range bound zone and we can see the supply and demand zone as range of last two years.
A proper downtrend channel pattern and trend line breakout happening in...
Reliance is approaching towards March 2022's lows of 2180 which happens to be very strong & last support for Reliance.
If Indexes & Reliance had to bottom then 2180 (Reliance) 16745(Nifty) are strong levels.
Also, Reliance & Indexes are extremely oversold.
Could be bought with strict stoploss of 2175 & postional targets (if market bottoms here then)...
