Reliance's recent rejection at the 4-hour channel suggests a level of resistance in the short-term market. However, it is worth noting that the stock has since entered a consolidation phase, which can be viewed as a bullish continuation pattern.
This consolidation phase may indicate that the stock is preparing for its next leg up, potentially breaking through the resistance level in the near future. Additionally, other bullish indicators such as moving averages and relative strength index (RSI) could suggest that the stock is still in a bullish trend.
It is important to conduct thorough research and analysis before making any investment decisions,
This consolidation phase may indicate that the stock is preparing for its next leg up, potentially breaking through the resistance level in the near future. Additionally, other bullish indicators such as moving averages and relative strength index (RSI) could suggest that the stock is still in a bullish trend.
It is important to conduct thorough research and analysis before making any investment decisions,