Reliance: Exhaustion Phase

2020년 8월 22일

Reliance is showing weakness after a huge rally.
Volume is almost falling on a daily basis with little to no price movement in scrip.

The stock seems to have entered into the exhaustion phase & now consolidating itself because of profit booking.

Please wait for the clear breakout either upwards or downwards.
Any correction will cause a breakdown But Since Nifty is in an uptrend overall, it is advisable to go for long positions.