Reliance chart ananlysis with double bottom chart pattern

18 set 2021

A formation of double bottom chart pattern with a strong breakout. The retracement zone is not completed yet. But if the price sustains aboe 2370 the stock is ready to achieve its new targets.

23 set 2021

Nota

Reliance is showing a very strong up move. If price rise above 2456, the target will be achieved in 1-2 trading days.

23 set 2021

Nota

Please check the weekly chart also. Weekly chart shows an important breakout retracement phase. The target will be extened after the completion of retracement.