RELIANCE DAILY CHART
RELIANCE WEEKLY CHART
- Reliance has broken down from its ascending triangle in daily chart.
- But the fall may not go below 1000. Because of the ascending trend line that has been supporting the stock for several months now.
- A Break below 1000 could be very negative for the bulls as it means breaking down from the weekly triangle as well.
- I have given the range of 964 and 1150. The violation of these numbers can only bring an end to this multi month range bound action.
- RAISING WEDGE OF NIFTY