Next 3/4 days are crucial for Reliance to decide on next level whether it will come down or move above current trend line.
Currently RSI is t 70 which had resistance in past, hence if it sustains above 900 script will continue its form.
However if RSI resisted then stock will come back to 825/830 level before retrying.
Any thoughts people?
Currently RSI is t 70 which had resistance in past, hence if it sustains above 900 script will continue its form.
However if RSI resisted then stock will come back to 825/830 level before retrying.
Any thoughts people?