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Technical Analysis of Reliance Industries

Technical Analysis of Reliance Industries:

Technical Analysis of Reliance Industries

Technical Analysis of Reliance Industries

RELIANCE INDUSTRIES: Technical looks that the major trend is bullish, price following uptrend channel, and currently at resistance level of channel, trading near to short term resistance level, double bottom also anticipated at the level of 1180. In daily chart stocks having reversal pin bar at same level of 1181, but in recent stock having short term bullish momentum , short term support level formed at 1155, sell after support breakout .

ADVICE: SELL BELOW: 1155, STOP LOSS: 1182

TECHNICAL ANALYSIS FOR 2 WEEK

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One Comment

    chapman

    what kind of model did you use for these analysis ?

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