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RELIANCE: Running Triangle

Long
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Trend Analysis Chart Patterns Wave Analysis RELIANCE relianceindustries ril sharemarket stockmarketindia stockstobuy stocktrading nifty50 relianceforecast
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Stock has already concluded a running triangle structure at OCt'23 low of 2220 and is rising in an impulsive manner. The measured target for the same is coming in the region of 3400.

Hence, stock is likely to continue it's uptrend towards 3400 with any weakness holding above the support zone of 2500-2450 in the coming months.
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Manish Bhardwaj (CMT L-1)
Analyst & Co-Founder
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