RIL bearish outlook #H&S_pattern

٢٦ مارس ٢٠٢١

Head and shoulder pattern is clearly forming in RIL. Check out the chart for levels.

٢٦ مارس ٢٠٢١

ملاحظة

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.

٥ أبريل ٢٠٢١

ملاحظة

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.

٥ أبريل ٢٠٢١

ملاحظة

1916 and 1900 could be the levels where Reliance can get some support.

٥ أبريل ٢٠٢١

ملاحظة

05/04/2021: Breakout failed, stock managed to close above neckline on daily basis.

١١ أبريل ٢٠٢١

ملاحظة

Still bearish on RIL, Let's see.

١٢ أبريل ٢٠٢١

ملاحظة

Gap down breakdown in RIL, let's see whether it can sustain this level or not.

٩ يونيو ٢٠٢١

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