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Mambotrade

Reliance forming flag and pole pattern

RELIANCE INDS (NSE:RELIANCE)  
Mambotrade  
NSE:RELIANCE   RELIANCE INDS
Trend Analysis Support and Resistance Multiple Time Frame Analysis nifty50 bankniftytrend RELIANCE relianceindustries reliancetrade reliancelong relianceforecast reliancebuysetup relianceanalysis
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trendanalysis supportandresistance mtfa nifty50 bankniftytrend reliance relianceindustries reliancetrade reliancelong relianceforecast reliancebuysetup relianceanalysis
On hourly time frame the stock is forming a flag and pole pattern but Rsi is showing a negative divergence.

Reliance can give good move on either side.

Support:- 2385, 2314
Resistance:- 2406, 2455

The consilidation is the main part of trend formation. The stock has rested and will give nice targets on both sides,
Feragatname

Bilgiler ve yayınlar, TradingView tarafından sağlanan veya onaylanan finansal, yatırım, işlem veya diğer türden tavsiye veya tavsiyeler anlamına gelmez ve teşkil etmez. Kullanım Şartları'nda daha fazlasını okuyun.