RELIANCE-Will create a lowerlow or continue upside.

The RELIANCE has been trending upwards, but recently it broke through the higher low level at 2342 and dropped to a low of 2326.
However, the previous supply zone at 2326 has acted as a demand level, causing the price to rise weakly towards the upside.

At this point, it is uncertain whether the stock will continue to move higher or form a lower low.
Further analysis is required to determine the likely direction of the price movement.

Note:
As of now it is in bullish, slightly turned to be bearish as a low is formed and weak momentum is observed towards high ,it may create lower low or can rise towards a strong level of resistance at 2400.