Reliance Industries Momentum Scenario continuation
Reliance moved according to scenario considered
So now possibility could be a sideways movement between trend line support and resistance.
And if breakout happens downward then possibility of trend could be till support between 1600 to 1680.
And if breakout happens upward then possibility of trend could be till resistance around green trend line and arch near 2200.
Since established trend is downtrend I believe a possible downward breakout.
So now possibility could be a sideways movement between trend line support and resistance.
And if breakout happens downward then possibility of trend could be till support between 1600 to 1680.
And if breakout happens upward then possibility of trend could be till resistance around green trend line and arch near 2200.
Since established trend is downtrend I believe a possible downward breakout.
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