Reliance cmp 2318
Rising trend line resistance
counter gave breakout from cup and handle pattern with cup height of 735 points and after breakout today counter have completed up move of 735 points this might also mature the up move
price making higher high,, rsi making lower high bearish divergence.
from recent bottom of 867 counter took 85 days to reach previous peak levels means 735 points in 85 days
after breakout counter today completed its upmove of 735 points in 85 days , same price movement in same time..
Look for trend reversal in this area..
Rising trend line resistance
counter gave breakout from cup and handle pattern with cup height of 735 points and after breakout today counter have completed up move of 735 points this might also mature the up move
price making higher high,, rsi making lower high bearish divergence.
from recent bottom of 867 counter took 85 days to reach previous peak levels means 735 points in 85 days
after breakout counter today completed its upmove of 735 points in 85 days , same price movement in same time..
Look for trend reversal in this area..