Reliance is forming a pattern similar to an inverted flag, which typically indicates potential weakness. Based on this pattern, there could be a further decline of 2-3%. If that happens, it could potentially pull the Nifty down as well. Let's keep an eye on the market to see how the pattern unfolds and what the signals suggest next.
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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.