Reliance Inds cmp 1205.30 Weekly Chart view by Negative Phase

*Reliance Inds cmp 1205.30 by Weekly Chart view - Indicatively trailing thru negative phase*
- Stock has formed Bearish Rounding Top
- Resistance Zone 1250 to 1280 Price Band
- Interim Support Zone seen at 1165 to 1185 Price Band
- Next Good Support Zone is seen at 1045 to 1075 Price Band
- Volumes are steady but seen more on the selling side over past few weeks
- Stock Price broke down below Rising Support Trendline & well under Falling Resistance Trendline
- Weekly basis Support at 1145 > 1075 > 990 with the Resistance at 1298 > 1380 > 1490 > ATH 1608.80