My Technical Analysis Diary. . . . .Invest in stocks only after you have done your own Risk Management
Reliance 2400 resistance
As discussed earlier 1800 level was the target which was achieved. With the election day's euphoria Reliance did make a very critical high just bellow 2400.
Also the next day -off was with heavy volume this confirms that the 2400 is THE resistance.
Also it can be seen that it never managed to close above 2400 for about 1 month now.
One can be bullish on reliance only if it close above 2400
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