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Reliance forming flag and pole pattern

RELIANCE INDS (NSE:RELIANCE)  
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NSE:RELIANCE   RELIANCE INDS
Trend Analysis Support and Resistance Multiple Time Frame Analysis nifty50 bankniftytrend RELIANCE relianceindustries reliancetrade reliancelong relianceforecast reliancebuysetup relianceanalysis
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trendanalysis supportandresistance mtfa nifty50 bankniftytrend reliance relianceindustries reliancetrade reliancelong relianceforecast reliancebuysetup relianceanalysis
On hourly time frame the stock is forming a flag and pole pattern but Rsi is showing a negative divergence.

Reliance can give good move on either side.

Support:- 2385, 2314
Resistance:- 2406, 2455

The consilidation is the main part of trend formation. The stock has rested and will give nice targets on both sides,
Penafian

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