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Will Reliance lead the next leg of the up move?

PPTrader says: “RIL is breaking out of an invs. H&S, if we join the tops of Jan 08, May 08 & May 09.Kindly comment.”

My Notes: I have been tracking a similar pattern developing in Reliance. Since the swing points are different than what has been written by PP Trader, I am giving the chart below. Remember, this is a pattern under development, not confirmed.

Reliance-Blog-17-1-10

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