IIT-Trader

RELIANCE--Head & Shoulders Pattern ??

NSE:RELIANCE   RELIANCE INDS
After a strong trending movement from few weeks,
price is near its resistance level,
now it is in the form of Head and Shoulders pattern..which is a reversal pattern..
wait until price breaks the Neckline and retest...then will enter for Short side...
keep track this for Short side, if breaks neckline...until wait and watch.

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