Warning- ADX at 18.8 indicates a weak or range-bound market. Mean-reversion strategies may work better than trend-following. IMPORTANT: Double Bottom (W) detected — Two bottoms at Rs.1307 and Rs.1290. Neckline at Rs.1434 (3.8% above CMP). Breakout above neckline confirms pattern. Target: Rs.1578.0 OUTLOOK: The weight of technical evidence is bullish. RELIANCE shows 4 bullish signals against 2 bearish. N
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