Reliance has always been unpredictable for the buzz has created hype always. Also, is currently a trusted company for investors.
In the current scenario, 2 things can happen.
The breakout of the lower trend line is one case. More the number of hits, more the chances of a breakout.In that case go for Short.
The second thing is towards the top it is forming an ascending triangle pattern. If that breaks then reliance would be all set to set new all-time High !!
Whether or not it journeys towards doing so will completely depend on today's and tomorrow's trade.
In the current scenario, 2 things can happen.
The breakout of the lower trend line is one case. More the number of hits, more the chances of a breakout.In that case go for Short.
The second thing is towards the top it is forming an ascending triangle pattern. If that breaks then reliance would be all set to set new all-time High !!
Whether or not it journeys towards doing so will completely depend on today's and tomorrow's trade.
