Reliance Industries – 8 Year Cycle , Triangle Pattern – is it on breaking out pattern ??

Reliance Industries – 8 Year Cycle , Triangle Pattern – is it on breaking out pattern ??

breakoutegg

 

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.

Earlier I posted in july check this link  click here

Check the chart

RIL

Disclaimer – I may have interest in stockif breaks out , Do ur due diligince.
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