TradingView
Mambotrade
Mar 13, 2022 5:07 PM

Reliance forming flag and pole pattern 

RELIANCE INDSNSE

Description

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,
Comments
bububabai
it is not
Mambotrade
The stock finally gave a bullish move
More