We can see bearish patterns on the RIL stock developing over the last few days and on friday we have breakout on the downside ..
The BREAKOUT has come on raising volumes hence it gives more confidence to go short on RIL with a price target of 2450(based on the triangle/wedge formation see on the charts below)
Please note that STRONG support for RIL at around 2400 exists .. i suspect RIL stock will test this soon …
Avinash MB
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