Reliance looks to be the BEAST amongst BEARS!!

Reliance has been on a decline for a while and we have all wondered about when this beast of a bull will come to party!!.....May be the time has come!!

- MACD is positive
- Volume is high and RSI increasing over last few trading sessions
- Taken support 2 or 3 times in the 1205-1210 level
- Breaking out of a Falling Wedge pattern
- Taken support from 68.2 Retracement on Fibonacci and crossed 1260 - indicating an impulse pattern

Next stop 1290-1300 and eventually 1350!!

Fingers crossed