RELIANCE INDUSTRIES LTD:Likely Cup&Saucer Break Out

300
RELIANCE: Trading at 1530-1540.
Trading above all its Critical moving averages even in weekly chart .
Moreover DEMA has given a golden cross over of 20DEMA in weekly chart shows the strength in the stock.
Reliance has for med a Cup& Handle pattern in weekly chart and RIL holding above 1540-1550 on closing basis likely to test 1650+(For educational purpose only)

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