April 13, 2015
- Previous swing low in Weekly chart around 793 saved Reliance bulls from bigger correction.
- Daily chart shows price trying to move out of the bearish falling channel.
- Having said that price is moving towards major resistance levels like 200 SMA and previous broken support levels which may act as resistance.
- So reliance needs to cross 200 SMA and the above mentioned price level for a major trend change to happen.