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IIT-Trader
May 22, 2023 3:33 AM

RELIANCE--Double Top Formation?? 

RELIANCE INDSNSE

Description

------->>----->> Can we consider this as double top ??
------>> Failed to create a new high and falls heavily to the below levels.
if demand acts as supply @ 2470-2460 levels, we will observe a fall again towards 2420 and 2370 levels.
@ 2370 Levels we have identified a strong rise in this stock price, will again push the price towards higher levels.
keep track these two levels.

Comment

Price reversal from zone, keep track this, more fall or rise.

Comment

it is trading in range, wait for breakout or breakdown

Comment

Comment

demand zone takes the price up to the resistance level again. Will wait for breakout or reversal.
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