Reliance 1466 though showing breakout in charts ,we believe it could be a fake.
In last 3 attempts buyers interest was very much weak.
So To trap the call writers and left over weak buyers SM could have carried the last friday move. Few more attempts may be carried to wash out completely the weak buyers and the price will then drop to 1439.
In last 3 attempts buyers interest was very much weak.
So To trap the call writers and left over weak buyers SM could have carried the last friday move. Few more attempts may be carried to wash out completely the weak buyers and the price will then drop to 1439.
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