Head and Shoulders in RELIANCE

RELIANCE has formed head and shoulders top pattern on the weekly chart. The stock is hovering at the trendline, as bulls got rejected this week.

A breakdown from here can take the stock all the way to 200WMA of 2000 and perhaps subsequently toward 1830 support zone .

Keep an eye!
200wmaChart Patternsheadandshoudershead_and_shoulderheadandshouldersformationRELIANCErelianceindustriesrelianceshortrelianceweeklyTrend Analysis
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