Reliance Industries technical analysis

• Reliance industries is being sold off at every rise.
• The first chart shows a weekly triangle break down.
• It is trading below all important moving averages.
• The next important level for the stock is the recent low of  915. Break of this level can bring the stock below 900.
• But the bulls should not loose hope because RSI is showing divergence for quite some time. and the stock is highly oversold. So a bounce is possible, yes a bounce that's all it will be unless the stock manages to cross 20 DMA atleast.
• PREVIOUS ANALYSIS ON RELIANCE INDUSTRIES