RELIANCE Shorting opportunity
Price action for Reliance seems to have broken the bull trend and I see a good short term shorting opportunity.
Here are some of the technical reasons to support my theory :
1) Break below Bull channel
2) Fibonacci level resistance at around 1134
3) No part of today's candle above the bear trend-line
4) Today's candle has a long tail
Here are some of the technical reasons to support my theory :
1) Break below Bull channel
2) Fibonacci level resistance at around 1134
3) No part of today's candle above the bear trend-line
4) Today's candle has a long tail
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