RELIANCE chart has a very interesting classic symmetrical triangle pattern and the stock has been knocking at the upper line for past few weeks but unable to break it. But the chart looks quite bullish and sooner than later it should succeed. The breakout above 1111 should take it straight to immediate next level of 1265. The symmetrical triangle breakout target will be discussed in future when the breakout happens. However if it breaks below 1050 some short term weakness can be expected.
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