Reliance is an company outperforming for sometime now. It need some rest to go further up. Reliance is in up trend from 24th Mar, uptrend channels are marked in charts. From now here Reliance has to change the trend it is now, so it has to break down and reach the target mentioned below.
This may month going to down fall for Reliance from now.
NIFTY expected to go in downtrend till 15th May, 2020
The Uptrend channel from 23rd Mar was broken downside and it is expected to start new trend channel.
Target 1: 8670
Target 2: 8400
Target Date : 15th May, 2020