Reliance 2.11.2020 Star negative performing stock

To remember the history of reliance from March 2020 lows due to pandemic fall, reliance was the star performer till now who single handedly lead the rally of BMI(Broad Market Indices) from the low of 875 till the high of 2369. Today was an excuse to it. Falling 8% apart in a single day was an interesting event. Even I was having an hypothesis of support as around 2070. Which consequently failed and then after failure of analysis, I was waiting for further fall before having a clue for another support.

Now I will be watching a trending weekly support zone where zone high start from around 2000 which is a whole number and 1800 which is the low of zone again is whole number.

I am expecting a bounce and recovery from this zone ... let us see what follow-up we get in next few days...

Komentarz:

Reliance seems to turn around from trending support