RELIANCE Chart analysis

18 במאי 2023

Reliance is retesting it key price level of 2430 after the breakout from the Inverted head & shoulder pattern. In coming few days it can touch the levels of 2500 & 2580 respectively. If the level of 2430 is not sustained then we can see price at it's lower levels of 2330. Along with that, is RSI crosses above 50 or below 40 then it will be the second confirmation about the up or down move.