IIT-Trader

RELIANCE--Double Top Formation??

IIT-Trader Updated   
NSE:RELIANCE   RELIANCE INDS
------->>----->> Can we consider this as double top ??
------>> Failed to create a new high and falls heavily to the below levels.
if demand acts as supply @ 2470-2460 levels, we will observe a fall again towards 2420 and 2370 levels.
@ 2370 Levels we have identified a strong rise in this stock price, will again push the price towards higher levels.
keep track these two levels.
Comment:
Price reversal from zone, keep track this, more fall or rise.
Comment:
it is trading in range, wait for breakout or breakdown
Comment:
Comment:
demand zone takes the price up to the resistance level again. Will wait for breakout or reversal.

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