RELIANCE TECH. ANALYSIS

1719 IS A KEY PRICE FOR RELIANCE IF IT BRAKES IT WITH GOOD VOLUME WE CAN SEE THE CORRECTION TILL 1648 AND FURTHER.
BUT IF IT SUSTAINS AND GET BOUNCED WITH GREAT VOLUME IT CAN ALSO COME TO 1800.

BUT I THINK IF WE LOOK AT MACD WE SEE THAT IT IS READY TO MAKE BEARISH CROSSOVER ABOVE THE 0 LINE.
SO 1719-20 IS A MAJOR RATE FOR RELIANCE.


THANK YOU.

YOU CAN SUGGEST THE STOCKS SO I CAN ANALYSIS AND SHARE WITH YOU.



** I AM NOT SEBI REGESTRED ANALYSIST I JUST SHARE MY PERSONAL VIEW.**

Comment:

SO GUYS ON 30 JUNE 2020 AFTER 6 DAYS OF CONSOLIDATION RELIANCE BROKE THE KEY LEVEL OF 1719 AND IT MADE A LOW OF 1695 AND IT ALSO HAS ALSO CONFIRMED A BEARISH CROSSOVER ON THE DAILY CHART.

SO AS PER MY ANALYSIS AND CALCULATION RELIANCE MAY TRY TO TOUCH THE LEVEL OF 1665 OR 1640.

IT MEANS THAT RELIANCE MAY FALL FOR 40 TO 60 POINTS IN COMING 5-6 TRADING SESSIONS.

THANK YOU .

** I AM NOT SEBI REGESTRED ANALYSIST THE ANALYSIS WHICH I HAVE DONE MAY
ALSO GO WRONG. **
THANK YOU.