Reliance looking bullish from here. Risk to reward ratio is good.
40-50 points stoploss and 100-150 points target
Stochastics is positive as well
RSI turning from oversold zone - 33 at the time of publishing this
PNB Bearish - Double top in full play
If breaks the trendline can be too bad as well
If it respects the trendline in coming weeks, could be a turn around.
A valid trendline with three points of intersection was broken recently.
One should buy and forget this stock - this can reap great benefits in the long term.
Chart shows the breakout. Play for 50-100% upside.
