Whenever RIL has made a RED candle (a Negative closing) on its new all-time HIGH day, there will be some correction of 100 to 200 points.
AND It did worked... take a look its a fall of 195+ points from a high of 2198.80 to today's low 2003.10
Ashok Leyland chart clearly shows weakness and on the verge of a breakdown. If it does not find support on Monday (closing above 51) then 46/45 levels can be seen, Vehicle scrappage policy announcement could give a breather. Q1FY21 on August 12 but wont be that fancy due to Covid-19 lock down period.
Reliance - RED Candle at the TOP observation
Whenever RIL has made a RED candle (a Negative closing) on its new all-time HIGH day, there will be some correction of 100 to 200 points.
