RELIANCE--Head and Shoulders pattern(Right-Shoulder) Forms??
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Observations: -------->>the stock is trending upwards. -------->> We have observed a left shoulder formed at 2300 level. Now if price falls back to 2300 level and if the same is acts a support we will observe a Head and Shoulders pattern in Reliance. --------->> Previously a strong fall is observed from the zone 2425-2455.If the same zone is acts as resistance we will observe a fall in reliance up to 2300 Zone. ------>> we have a demand zone @2360-2380 level which can act as a pullback to the same zone(2425-2455). and price may fall back to 2300 levels very quickly from this zone. Keep an eye on these levels.
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**If these ideas are Helpful !
Please Like, Follow and Comment
Also share your thoughts in the comments section.
Thanks for your Support ** --Educational Purpose Only-- --Not SEBI Registered--
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Informasi dan publikasi tidak dimaksudkan untuk menjadi, dan bukan merupakan saran keuangan, investasi, perdagangan, atau rekomendasi lainnya yang diberikan atau didukung oleh TradingView. Baca selengkapnya di Persyaratan Penggunaan.