Bearish Engulfing pattern is formed in Reliance Industries before to this pattern formation it was in uptrend.
Reliance Industries has formed Bearish engulfing. This bearish engulfing pattern is seen at the end of upward trend.
BEARISH PIERCING PATTERN FORMED AT TOP OF THE TREND VOLUME EXPECTED AT LAST 3 DAYS
Observed Bearish trend last 2 days in Reliance comm post RSI>70 overbought postiion . Short position can be taken...
Hanging Man appears in RIL. Recent prize rose for the last few days, and it looks trend reversal.
The RIL stock is struggling to maintain upward momentum for the past few trading sessions (with low volumes )...
sell below 1612 with stop loss 1662 and target 1572
Stock Analysis
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Bullish View
Bearish View
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