Timeframe: 2-h
NSE reliance has broken out the 26-week-old resistance line. Prices are also an upper band of the parallel channel.
Price has made two touches on the resistance line and three on its support line. NSE reliance has made three minor channels with a maximum of three breakouts. The ending point of the breakout gives strong supply pressure.
2580 is the crucial resistance for the price, and the breakout will lead to 2665, where 2500 is a resistance for the price in case of failure.
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Good insight as always.
I agree with you on Reliance.
Thanks. That was helpful way to look at it.