shivanimotipara

Will Reliance breakdown?

NSE:RELIANCE   RELIANCE INDS
Reliance has been in consolidation for a long time, 2200-2350 has been a strong demand zone. It looks like this support level is weakening.
DMI also indicates a bearish outlook. A breakdown from the level of 2200, the downside will pick up the pace. Will wait till then.

Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.