Technically Reliance is bearish forming head & shoulder pattern even it go below 200DMA 50DMA AND 20DMA has became resistance.
Good for investment ye very good when prices near 1750 try to accumulate and average the price but right now short it below support zone within 2-3 day it will break the support because market is nin overbout and world sentiment is negative.
1.) A very beautiful cup & handle pattern is forming, Technically we can Go Long on Apollo Tyres as of now.
2.) But as we also know that many car & Bike manufacturing company shut down there plants so it will also affect Tyre making company business so we have to very be cautious.
3.) Quarterly results upcoming.
4.) Technical Indicators suggesting strong buy.
This look to me very bullish even technicals are suggesting strong buy.
Price action suggest Buy.
News are positive.
Looks very promising to me every parameter supports its bullishness in upcoming trend.