Pattern_Study

Reliance - Still no upward movement confirmation

Short
NSE:RELIANCE   RELIANCE INDS
Reliance after forming three Doji in last five trading sessions of November remains locked inside the marabozu candles levels.

  • RSI about to breakdown below 40

No longs to be initiated before closing above 1985

Lower levels are open as soon as the support line is broken on closing basis.

Comments

absolutely wrong analysis. 2100 is coming fast on reliance.
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