Reliance Ltd Analysis as It’s Major Weightage on Nifty Index

The above is the weekly chart of Reliance Ltd with Major Bearish Evening Star Doji Candlestick pattern which then confirms below 2500 levels for the down trend as Reliance becomes the top losers making Nifty to test 17216 levels. Now the very important price zone of 2300 levels to 2400 levels this 100 points range is now the make or break if breaks we can see continuation of Reliance downtrend to test the rising dark green trendline at 2175 levels. In the coming days, this level holds utmost important as major trend not only for Reliance but Nifty can also be defined.