Inverted H&S pattern is visible in Reliance weekly charts neck-line is at 1585; pattern target at 2250.
Entry 1.: One can go long on the stock on dips as long as it holds above 1393 levels.
Entry 2.: Alternatively upon a weekly close above previous lifetime high of 600-605 levels any subsequent pull-back to 1585 level may be utilized to go long with a stop placed below 1393 for targets of 2050 & 2250.
Entry 1.: One can go long on the stock on dips as long as it holds above 1393 levels.
Entry 2.: Alternatively upon a weekly close above previous lifetime high of 600-605 levels any subsequent pull-back to 1585 level may be utilized to go long with a stop placed below 1393 for targets of 2050 & 2250.