Reliance Industries on the edge of falling wedge go either way.

Reliance Industries after breaking up trend traded in bearish trend and formed a falling wedge, it has made false break down side but closed within the range. It seems the stock is on the edge and can go either way, if breakout occurs upward it may target of around 1050.00 on the other side it may break further down side to a target of 931.00, Traders may wait and watch the breakout level both side and enter accordingly long or short.