Mambotrade

Reliance forming flag and pole pattern

NSE:RELIANCE   RELIANCE INDS
On hourly time frame the stock is forming a flag and pole pattern but Rsi is showing a negative divergence.

Reliance can give good move on either side.

Support:- 2385, 2314
Resistance:- 2406, 2455

The consilidation is the main part of trend formation. The stock has rested and will give nice targets on both sides,

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