RELIANCE INDUSTRIES BULLISH TREND CONTINUATION BUY OPPORTUNITY

1 Jul 2020

RELIANCE INDUSTRIES STOCK CHART IS TRADING IN A DESCENDING TRIANGLE SINCE JUNE 22, 2020. YESTERDAY, JUNE 30, 2020 CHART BROKE AND CLOSE BELOW SAME TRIANGLE. TODAY STOCK CHART HAS MANAGED TO OPEN GAP UP AND AGAIN RETURNED IN TO TRIANGLE. WHICH SUGGESTS THAT STOCK CHART MAY CONTINUE IT'S BULLISH RUN. IF STOCK CHART MANAGES TO BREAK AND CLOSE ABOVE THAT TRIANGLE ON H-1 TIME FRAME, WE CAN PREDICT THAT BULLS CAN LOOK TO RE-TEST INR 1800 LEVEL AGAIN.

ALSO MORE AGGRESSIVE TRADERS CAN SHOOT FOR EXTENDED TARGETS KEEPING IN MIND THAT CHART HAS ALSO FORMED POTENTIAL BULLISH FLAG ON H-1 TIME FRAME.