Observations:
A strong sell off is observed after opening gap up , so will expect a downward momentum in reliance to the level 2290.
The RELIANCE has been trending upwards, but recently it broke through the higher low level at 2342 and dropped to a low of 2326.
However, the previous supply zone at 2326 has acted as a demand level, causing the price to rise weakly towards the upside.
At this point, it is uncertain whether the stock will continue to move higher or form a lower low.
Further analysis is required to determine the likely direction of the price movement.
Note:
As of now it is in bullish, slightly turned to be bearish as a low is formed and weak momentum is observed towards high.
A strong sell off is observed after opening gap up , so will expect a downward momentum in reliance to the level 2290.
The RELIANCE has been trending upwards, but recently it broke through the higher low level at 2342 and dropped to a low of 2326.
However, the previous supply zone at 2326 has acted as a demand level, causing the price to rise weakly towards the upside.
At this point, it is uncertain whether the stock will continue to move higher or form a lower low.
Further analysis is required to determine the likely direction of the price movement.
Note:
As of now it is in bullish, slightly turned to be bearish as a low is formed and weak momentum is observed towards high.
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Haftungsausschluss
Die Informationen und Veröffentlichungen sind nicht als Finanz-, Anlage-, Handels- oder andere Arten von Ratschlägen oder Empfehlungen gedacht, die von TradingView bereitgestellt oder gebilligt werden, und stellen diese nicht dar. Lesen Sie mehr in den Nutzungsbedingungen.