Reliance Chart in following leaps,
Slightly in Downtrend, (from OCT2020)
Head & Shoulders TOP, (Created high price- the HEAD and now the reversal action)
A triangle Flag pattern, (In Daily | hourly time frames confirming traders sentiment for selling)
RSI is not oversold, in higher time frames, and in lower's reaching to Oversold.
Confirming, to reach oversold...
Confirmed by DAY and WEEKLY Charts.
If Current Weekly Candle Breaks around or Closes below 1965 confirms H&S neckline breakout with target of BP (breakout price) - 70% of HEAD height from neckline | Breakout.
Assisted by Observations : For short period
1. RSI- weekly is Downward with slow sideways momentum (In decision | neutral) confirms to reach low.
2. Head &...
