Can go for long term at this level or near to trend line, SL - 2100
stuck in a very small range i expected a pole and flag breakout but just now he said wait a minute i am forming ascending triangle pattern also
WEEKLY TIMEFRAME it is continuously following in BEARISH PARALLEL CHANNEL....IN COMING DAYS WE CAN SEE UPTO 1700 TARGET...(SHORT TERM) AND FOR LONG TERM INVESTMENT 1700 WILL BE A BUY CALL...BECAUSE IN MONTHLY TIME FRAME IT IS FORMING A FLAG PATTERN...(LONG TERM)
Reliance is continuously following in a bearish parallel channel for months and in coming days downfall can b seen in this stock till 1700
TREND INDICATES AN DOWNFALL IN COMING DAYS ..AS IT IS FORMING INVERTED CUP AND HANDLE FORMATION