Saturday, March 4, 2017

Reliance Industries- beginning of a new journey

On December 27 we had anticipated a breakout in Reliance Industries long term chart.& years long consolidation finally broke and Reliance Industries has begin its new journey.

Have also reproduced the same article at the end of this post for your reference.

Here is latest monthly chart of Reliance Industries.

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Read below old article dated 27 Dec 17

Reliance Industries Ascending Triangle

Reliance Industries
A frustrating consolidation continues in this large cap. This consolidation is referred to as Ascending Triangle. A breakout is expected after the consolidation. This time since this is an ascending triangle the breakout can be on upper side of the price.