RIL bearish outlook #H&S_pattern
Diupdate
Head and shoulder pattern is clearly forming in RIL. Check out the chart for levels.
Catatan
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.Catatan
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.Catatan
1916 and 1900 could be the levels where Reliance can get some support.Catatan
05/04/2021: Breakout failed, stock managed to close above neckline on daily basis.Catatan
Still bearish on RIL, Let's see.Catatan
Gap down breakdown in RIL, let's see whether it can sustain this level or not.Trading ditutup: target tercapai
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