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Futures Trade | A likely head and shoulder breakdown trade in Reliance

Reliance is at the breakdown point of a Head and Shoulder pattern and if it stays below Rs 1,980 on a weekly basis, one can go short.

March 26, 2021 / 08:37 AM IST

Alok Jain

RIL 2603

Reliance is at the breakdown point of a Head and Shoulder pattern and if it stays below Rs 1,980 on a weekly basis, one can go short here with stops at Rs 2,120 for the target of Rs 1,830 in few weeks.

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Moneycontrol Contributor
first published: Mar 26, 2021 08:37 am

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