nmcapital44

Reliance Fly or Fall

NSE:RELIANCE   RELIANCE INDS
In the daily chart the stock is trading within a channel and making higher high, higher low formation.

The stock is trading near resistance zone and breaking above recent high will take it up to 3000 followed by 3200.

On the flip side 2750 is breakout support zone . Closing below this level will trigger profit booking and maximum potential fall can be up to 2300.

These are bigger level to watch near future.

For more charts and facts follow and hit like.

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.