Reliance
Stock again failed to deliver. The Mota Bhai facing stiff resistance around 1990-2020 range and made lower high on daily charts after a good breakout from symmetrical triangle, thus, the breakout now looks false. Have a look at chart
We expect stock to test 1930-1885 in coming days if trades and sustains below 1955. If breaks 1885 stock can test 1800 also. However, on sustaining at 1960 a move towards 1995-2017 can't be ruled out. Investors can go long if sustains above 2020 for at least 1-2 sessions.
