Reliance Industries – 8 Year Cycle , Triangle Pattern – is it on breaking out pattern ??
Reliance high 1649 (ex- bonus and split in Jan 2008) from 2008 to 2016 is correction and consolidation mode.
Now after 8 Year Cycle its on verge of breaking out ? It already broke the Triangle pattern on upside now 1065 is a hurdle on monthly closing basis once it held it could be out of this range and can move up.
Check the chart