RELIANCEI believe there is a very high chance that Reliance will break this trendline this time.
Reliance has been following this trend line Since JAN 2021 and till then it has been tested 2 times
April 2021
Sep 2022
and this is the third time
Jan 2023
Demand on trendline has been reduced significantly.
So the Break of the trendline can happen and bears Can take full control.
and and the price is trading below POC too.
It's just for educational purpose, and not intended to trade until the Breakdown happens.
Note
Reliance Trendline GoneNote
Go Goa Gone Reliance GoneNote
The price is coming to the support zone. Be careful to Reliance now
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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.