reliance (my dad's favourite)
although he is not a trader like me & is an investor in pure sense. He is quite happy with his dividends, bonus etc.. & still believes market cannot move up without reliance. (holding on from 1990)
but the charts are telling something different. Reliance has to face multiple resistance before creating new highs & 1000 will be the strongest resistance.
Atleast i would not even look at this chart again before it crosses 930 levels.( for longs)
in no way i am discouraging its investors. Just a simple point, u could hold onto your positions & trade with the trend for additional income. (atleast you were hedged)