Ril
Possible short opportunityReaching Monthly Trendline 1270.40 possibility of going short, entry on retest.
Reliance 50% Retracement PossibleThere is a Possibility of 50 % Retracement in Reliance to around 1150 levels, It will also act as a structure test, Some Really Good Selling Patterns are also coming up in daily charts...
Reliance Industries may correct from current price levels.
Reliance is at upper level of channel and near old Supply area. the trade on long side is not giving good risk to reward ratio. where as short trade may give more points move in price.
Levels are marked on chart.
