RIL bearish outlook #H&S_pattern

26. März 2021

Head and shoulder pattern is clearly forming in RIL. Check out the chart for levels.

26. März 2021

Anmerkung

Wait for the breakout of H&S pattern with volume before taking any fresh positions. Also similar pattern is forming in different timeframes. Do your own analysis before taking any positions.

5. Apr. 2021

Anmerkung

As expected the breakout has occurred in reliance although we need to wait for the candle closing to check whether the breakout is valid or not. Also keep an eye on the volume.

5. Apr. 2021

Anmerkung

1916 and 1900 could be the levels where Reliance can get some support.

5. Apr. 2021

Anmerkung

05/04/2021: Breakout failed, stock managed to close above neckline on daily basis.

11. Apr. 2021

Anmerkung

Still bearish on RIL, Let's see.

12. Apr. 2021

Anmerkung

Gap down breakdown in RIL, let's see whether it can sustain this level or not.

9. Juni 2021

Trade geschlossen: Ziel wurde erreicht