hourly chart of reliance futures
charts closed above 2398.50 which was a crucial level. another resistance is at 2480.85 so the trend of reliance changes at around 2500 after which the highs at 2850 could be tested.
the chart not only broke the crucial level but also managed to cross over and close above the resistant trendline which wasn't broken since 21st October shows strength.
Reliance might lead the up-move for nifty.
*educational purpose only
charts closed above 2398.50 which was a crucial level. another resistance is at 2480.85 so the trend of reliance changes at around 2500 after which the highs at 2850 could be tested.
the chart not only broke the crucial level but also managed to cross over and close above the resistant trendline which wasn't broken since 21st October shows strength.
Reliance might lead the up-move for nifty.
*educational purpose only