Reliance looks to be the BEAST amongst BEARS!!
Reliance has been on a decline for a while and we have all wondered about when this beast of a bull will come to party!!.....May be the time has come!!
- MACD is positive
- Volume is high and RSI increasing over last few trading sessions
- Taken support 2 or 3 times in the 1205-1210 level
- Breaking out of a Falling Wedge pattern
- Taken support from 68.2 Retracement on Fibonacci and crossed 1260 - indicating an impulse pattern
Next stop 1290-1300 and eventually 1350!!
Fingers crossed
- MACD is positive
- Volume is high and RSI increasing over last few trading sessions
- Taken support 2 or 3 times in the 1205-1210 level
- Breaking out of a Falling Wedge pattern
- Taken support from 68.2 Retracement on Fibonacci and crossed 1260 - indicating an impulse pattern
Next stop 1290-1300 and eventually 1350!!
Fingers crossed
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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.
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.