Price action for Reliance seems to have broken the bull trend and I see a good short term shorting opportunity.
Here are some of the technical reasons to support my theory :
1) Break below Bull channel
2) Fibonacci level resistance at around 1134
3) No part of today's candle above the bear trend-line
4) Today's candle has a long tail
Here are some of the technical reasons to support my theory :
1) Break below Bull channel
2) Fibonacci level resistance at around 1134
3) No part of today's candle above the bear trend-line
4) Today's candle has a long tail
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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.