Reliance passed a retest of breakdown from H&S pattern | Bearish

٥ ديسمبر ٢٠٢١

Reliance ( RIL ) was forming Head and shoulder pattern in 1D time frame. few days back it has breached the pattern and made a good low. now it has passed the retest from neckline and faced rejection from the resistance, in my view Reliance can make a new low from here and i am bearish on this. Support zone can be Found as 200 day EMA.