Reliance Industries Triangle Pattern

• Price at the top of the triangle. For now price is falling from the resistance line. Weakness cna be confirmed only if price starts to close below 20 Day SMA. For a bigger correction price need to stay below 50 Day SMA.
• Hourly chart shows crucial levels below which bears can gain strength.
• RELIANCE IS ALWAYS A SPECIAL STOCK FOR ME. I STARTED MY BLOG WITH A RELIANCE POST. READ COMMENTS BY ILANGO SIR AND OTHER OLD TIMERS OF JUST NIFTY. I HOPE THEY ARE ALL FINE AND DOING WELL IN LIFE. FIRST POST OF MY BLOG