Reliance industries completed the uptrend 1.618 is over and now has to take a dip down
It's coming at my entry. Let's Go Baby...
Head & Shoulder pattern observed in Reliance. However the pattern is yet to be confirmed. So, take bearish view only if neck level of H&S fails to hold as support. (Disclaimer: Our charts and contents are just for the purpose of analysis, learning and general discussion. Do not consider these as trading tips or investment ideas. Trading in Stocks, Futures and...
RELIANCE LOOKS BEARISH AND CAN TEST 1250 NEAR RANGE.....
Double Top pattern spotted in Reliance. At the time of posting the stock is trading at 1293, well below the neck level of 1308 and candle close will most likely confirm the pattern. Once there's a confirmation, the stock can be expected to fall towards 1250.
Reliance broke the bull trendline and making a Head and Shoulder pattern on 15 min charts. Looks Good Short @1290 Target 1260 (30 points) SL 1310 (20 Points)
The 5 legged impulse to the upside looks almost complete and hence should be followed by a corrective decline which can take Reliance to a minimum of 1080 and possibly even lower levels. Stop Loss above last swing high 1140.