Reliance Ind Nifty Movers Down side Breakout 2023

Reliance Industires Stock Analysis With Confirm Targets for 2023

We all Know Reliance Ind. Is The Movers in Nifty50 , So we have to Keep eye on Bigest Stock In India Please see Below Some Details about Chart Analysis .

1. In Reliance Industires Stock Chart We Found Ascending Triangle Chart pattern on One Day Time Frame
2. Ascending Triangle Chart pattern forms When Stock Making Higher Lows and another Side Because of Major Resistance Stock Returns towards support
3. First Support Zone for Reliance Industires Stock is 1831 - 1878
4 . Major Support Zone is - 1580 - 1620

Stock Given Brekout As per Chart Pattern , if Breakout will continue then Down Side Targets are -
Frist Target - 2023
Second Target - 1880
Third Target - 1630

It is Negative Sign For Nifty50 Also beacause its Major Contribution in Nifty Index . Keep Eye on RELIANCE .