Reliance - Descending Triangle formation
Reliance Industries have formed the Descending triangle pattern.
As the market is showing bearish sentiment, below 2060, we can expect a quick fall till the 2000 levels and may take a small "U" turn.
If the stock miraculously managed to break 2120 levels after a retest in the break out level, it can go upto 2250 levels.
Kindly share your valuable thoughts.
Disclaimer: Please do your own analysis or consult your advisor before taking any trade. This view is for educational purposes only.
As the market is showing bearish sentiment, below 2060, we can expect a quick fall till the 2000 levels and may take a small "U" turn.
If the stock miraculously managed to break 2120 levels after a retest in the break out level, it can go upto 2250 levels.
Kindly share your valuable thoughts.
Disclaimer: Please do your own analysis or consult your advisor before taking any trade. This view is for educational purposes only.
Note
its going near the target levels :)Trade fermée: cible de profit atteinte
It broke all target levels and flying high..Hope all of you earned great profits
Thank you
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Clause de non-responsabilité
Les informations et les publications ne sont pas destinées à être, et ne constituent pas, des conseils ou des recommandations en matière de finance, d'investissement, de trading ou d'autres types de conseils fournis ou approuvés par TradingView. Pour en savoir plus, consultez les Conditions d'utilisation.