Click to enlarge the image.
In the above picture it shows Reliance Industries is following a parallel channel from last one year .Currently its at lower end of the channel. If it breaks the lower end of the channel and stay there for some time then the minimum target for Reliance is 700 and if it breaks upper end of the channel at 1130 then target is 1430.
The pattern shown above is a classical symmetrical triangle pattern as the shape of reliance looks like symmetrical triangle and the target is also derived from triangle formula .
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