BULLISH RELIANCE

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Consolidation taking place in RELIANCE in 2100 - 2160 range.

Adjsuted Gross Revenue dues news slated for Friday should boost RELIANCE (a.k.a) Jio dominance based upon the other telecom players BHARTI AIRTEL LTD and VODAFONE IDEA LTD
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Aug 12th Trading session followed within the drawn trend line.
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This is very much active. Intraday high of 2157 on 14th August 2020.
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Consolidation phase on going.
LONGlong-termRELIANCErelianceindustriesSupport and ResistanceTrend Analysis

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