RELIANCE retraces to the breakdown level

• Reliance comes back to the broken level of 890 - 900.
• This level acted as support before so according to classic technical analysis previous support should act as resistance.
• But if price decides to move above 900 and sustain ti shall target 945 - 950 level.
• Second chart shows price near 20 day moving average and the resistance line. If the down trend is strong these two levels will hold bulls of reliance. For a stronger reversal to happen price should break and sustain above the resistance line and 20 day moving average.
• RELIANCE LIVE CHART