LONG TERM ANALYSIS 1) Chart analysis on weekly TF 2)As per Fibonacci Above 144, can aim for target of 156,171,194
NIFTY is currently moving in a range between 0.61--0.5 as per Fibonacci, any side move can give good returns
Reliance weekly chart looks weak at current level, one can go for short with stoploss for 2500 1.Channel breakdown with healthy retest and can go for target of 2200 2.Rising wedge pattern breakdown and can go for target of 1850 3.can exit if weekly candle closing above 2500