Reliance has shown a classic Head and Shoulders top - which usually means an ensuing correction.
The correction target is around 1250
The correction target is around 1250
Trade active
Almost reached target. There is a likelihood that this is a first target and there is more downside scope. The momentum and RSI indicate a downward trend. The end of the correction may be near.. but without a confirmation, we will hold our marbles.
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.