RELIANCE UPDATE

RELIANCE today achieved 2nd, PATTERN Target of 2,435 on cash. We have tracked this stock since last 2,months, caught the TOP here since early DECEMBER, and have carried out short trades since then. Our last review here was on 26th,DECEMBER.
Going forward, pattern of lower lows should continue, next significant breakdown level is placed below 2,400 on cash, below 2,400 PATTERN Targets shall be 2,330 and 2,256, sell rallies!

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