Reliance approaching H&S top correction target at 1250

2024年11月4日

Reliance has shown a classic Head and Shoulders top - which usually means an ensuing correction.

The correction target is around 1250

2024年11月18日

交易進行

Almost reached target. There is a likelihood that this is a first target and there is more downside scope. The momentum and RSI indicate a downward trend. The end of the correction may be near.. but without a confirmation, we will hold our marbles.