RIL bearish outlook #H&S_pattern
Head and shoulder pattern is clearly forming in RIL. Check out the chart for levels.
ノート
Wait for the breakout of H&S pattern with volume before taking any fresh positions. Also similar pattern is forming in different timeframes. Do your own analysis before taking any positions.ノート
As expected the breakout has occurred in reliance although we need to wait for the candle closing to check whether the breakout is valid or not. Also keep an eye on the volume.ノート
1916 and 1900 could be the levels where Reliance can get some support.ノート
05/04/2021: Breakout failed, stock managed to close above neckline on daily basis.ノート
Still bearish on RIL, Let's see.ノート
Gap down breakdown in RIL, let's see whether it can sustain this level or not.トレード終了: 利益確定目標に到達
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