Reliance has made a head and shoulder pattern on daily chart. It has tested the support of 1990 various times.
Keep a watch on the stock tomorrow. If it opens flattish (in the range of 1990-2000), we can see a downward movement in the stock. Can short below 1990/1985.
Keep a watch on the stock tomorrow. If it opens flattish (in the range of 1990-2000), we can see a downward movement in the stock. Can short below 1990/1985.
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Be cautious on this trade as Nifty likely to open positive on global cues.