RELIANCE INDUSTRIES LOOKING GOOD FOR SHORT SELLING
Reliance can be a perfect sell for tomorrow and also for doing swing trade as the stock price pattern suggest many bearish formations visible on the following time frames:
Candlestick formation on daily time horizon resembles bearish engulfing pattern.
Here is the snapshot:
1.DAILY CHART PRICE PATTERN FORMS AB=CD PATTERN:
2.BEARISH BUTTERFLY FORMATION ON HOURLY CHARTS:
3.ELLIOT WAVE THEORY SUGGESTS THAT THE PRICE IS IN ITS FOURTH CORRECTIVE WAVE:
GREAT ANALYSIS